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An analyst who accurately called the start of Solana’s (SOL) correction this year is flipping bullish on the native asset of the layer-1 protocol. Pseudonymous analyst Bluntz tells his 317,700 followers on the social media platform X that he believes the Ethereum (ETH) challenger looks ripe for a significant bounce after losing about 64% of its value from its all-time high of $293, which it hit in January of this year. According to Bluntz, SOL is flashing a bullish divergence on the daily chart, a reversal signal suggesting that buying momentum is on the up and up even though an asset’s price continues to fall or move sideways. “Started bidding some names for bounces today, a lot of bull divs printed on names like SOL, HYPE + many more that have basically gone down -70%+ in a straight line even on large caps. Definitely do not subscribe to the idea that this is ‘THE BOTTOM’, but sizable bounces are highly likely in my opinion.”...

A crypto strategist known for making timely altcoin calls believes that the top meme token Dogecoin (DOGE) is gearing up for a breakout surge. Pseudonymous analyst Bluntz tells his 316,700 followers on the social media platform X that DOGE appears to be carving a local bottom en route for a bullish reversal. The trader shares a chart suggesting that DOGE seems to be printing an Adam and Eve pattern while flashing a completed ABC corrective move. “DOGE looking pretty solid here in my opinion after consolidating for two weeks after that capitulation event. If there’s one saying that’s always stuck with me, it’s never short a dull market.”  Source: Bluntz/X Bluntz practices the Elliott Wave theory, which states that an asset tends to witness a five-wave rally after concluding an ABC-wave correction. Meanwhile, an Adam and Eve pattern suggests that an asset is bottoming out as bulls build a price floor in preparation for a leg up. Bas...

A crypto strategist who has earned the “Master Trader” rank on the digital asset exchange Bybit thinks that it is almost time for memecoins to shine. Pseudonymous analyst Bluntz tells his 315,000 followers on the social media platform X that meme token Floki (FLOKI) is printing a bullish divergence signal on the daily chart. A bullish divergence is traditionally seen as a bullish reversal signal as it suggests that an asset is gaining momentum even if the price drops lower or moves sideways. Says Bluntz, “There is monster FLOKI bullish divergence printing here after it swept a MAJOR level, could print today or tomorrow. Love it or hate it, the meme meta is probably staging a comeback here.”  Source: Bluntz/X At time of writing, FLOKI is trading at $0.000098. Looking at fellow memecoin Dogecoin (DOGE), Bluntz believes that the crypto asset has completed an ABC corrective wave against the US dollar and Bitcoin (DOGE/BTC). Bluntz mostly ...

A closely followed crypto trader and Elliott Wave specialist is forecasting rallies for several altcoins amid a correction in the digital asset markets. Pseudonymous trader Bluntz tells his 304,000 followers on the social media platform X that the utility token for decentralized oracle service Pyth Network (PYTH) has broken out of a bull flag pattern. Bluntz’s chart also suggests that PYTH is in the midst of a five-wave impulse to around the $0.50 level. “Solana ecosystem looking good again, nice bull flag PYTH breakout. Looking impulsive.” Source: Bluntz/X Bluntz practices Elliott Wave theory, which states that a bullish asset tends to go through a five-wave move up before an ABC correction. Based on the trader’s chart, he seems to suggest that PYTH is on the verge of starting its fifth-wave surge following the bull flag breakout. At time of writing, PYTH is trading at $0.431. Bluntz is also bullish on memecoins, saying that the secto...

A widely followed cryptocurrency analyst and trader is predicting one top 20 altcoin will soon have an explosive breakout. The analyst pseudonymously known as Bluntz tells his 304,200 followers on social media platform X that Ethereum (ETH)-based decentralized oracle Chainlink (LINK) may surge after completing an ABC correction on the 12-hour chart. Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to see more rallies after concluding an ABC wave pullback. “LINK continues to look strong here against USD and BTC pair. Working real hard on the range breakdown reclaim, I think this will be at least 50% higher in the next week or two.” Source: Bluntz/X He also says that the market correction this week creates a buying opportunity for LINK. “There are some good setups now on these mega flushes. LINK is one of them.” Source: Bluntz/X LINK is trading for $23.65 at the of writing, up 12.2% in the last 24 hours. ...

A widely followed cryptocurrency analyst and trader is highlighting one memecoin that he believes possesses more upside potential while offering his insights on layer-1 altcoin Sui (SUI). The analyst pseudonymously known as Bluntz tells his 278,500 followers on the social media platform X that the feline-inspired memecoin, Simon’s Cat (CAT), “looks finally ready for the next leg higher.” According to the analyst who regularly applies the Elliott Wave theory in his technical Analysis , CAT has completed a three-wave correction to the downside in the four-hour time frame and has enjoyed a “few days of accumulation.” The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern. Based on the pseudonymous analyst’s chart, it appears that he’s suggesting that CAT could rise above the all-time high price of around $0.0000462. “One of the most successful memecoi...

An analyst who earned the “Master Trader” rank on the crypto exchange Bybit believes that one frog-themed memecoin will leave most digital assets in the dust. Pseudonymous trader Bluntz tells his 276,300 followers on the social media platform X that he sees Pepe (PEPE) pulling off an over 2x rally en route to a fresh all-time high. The trader shares a chart suggesting that PEPE could surge to as high as $0.22. “I like to chart all my meme positions against each other to gauge what looks the strongest and then designate whichever that one is as my largest bag. Healthy to have some diversification of course, but I always try to have my largest position in the fastest horse. The fastest horse (of my bags) seems to be PEPE.”  Source: Bluntz/X At time of writing, PEPE is trading for $0.000112, up over 5% on the day. Another altcoin on the trader’s radar is Sui (SUI), a layer-1 crypto project referred to by many as the Solana (SOL) kil...

Economist Henrik Zeberg believes that one Solana (SOL)-based memecoin could soon go on a parabolic rally. Zeberg tells his 155,400 followers on the social media platform X that dogwifhat (WIF) may soar more than 913% from its current value after breaking out from a period of consolidation. “WIF could be at $15-$22 in a matter of weeks.” The analyst uses the Elliott Wave Theory to suggest WIF’s explosive price action in the near term. The Elliott Wave Theory is a type of technical Analysis that examines wave patterns based on the repetitive behavior of market participants. According to Elliott Wave principles, an ABCDE triangle indicates consolidation in an uptrend market could spark a strong rally once it is completed. “Are you onboard? It is breaking out of long ABCDE-consolidation. The potential is amazing.” Source: Henrik Zeberg/X WIF is trading for $2.17 at time of writing, up 3.5% in the last 24 hours. The analyst also says ...

A widely followed cryptocurrency analyst and trader is leaning bullish on a Solana (SOL) competitor while offering his forecast on Bitcoin and the layer-1 blockchain Saga (SAGA). The analyst pseudonymously known as Bluntz tells his 275,300 followers on the social media platform X that Solana rival Sui (SUI) is set to rip after breaking out from the upper boundary of an ascending channel on the four-hour chart. Bluntz also says that the breakout is coinciding with a surge in trading volume. “SUI is seriously gonna continue to rip so hard from here, it’s legit free money in my opinion. These slow grinding-up channel breakouts on volume almost always signal a strong impulse is underway. The leaders continue to lead.” Source: Bluntz/X Based on his chart, it appears that Bluntz is suggesting that SUI could surge to over $2.40, a gain of around 75% from the current level. Sui is trading at $1.37 at time of writing, up by 58% from a low of $0.867 r...