One analyst who has been making timely altcoin calls recently believes three cryptocurrency assets are almost ready for a bull run.
Household analyst Bluntz told his 252,000 followers on social media platform X that he is bullish on Solana (SOL).
Solana appears to have completed an ABC correction wave for Bitcoin (SOL/BTC) on the 8-hours chart, according to a top cryptocurrency strategist.
“SOL is ready for another run IMO (I think). SOL/BTC now looks like a nice ABC.
(a) swept the wave to its lowest point and has now recovered.”
Bluntz practices the Elliott Wave theory, which states that bullish assets tend to see a new uptrend after an ABC correction ends. Looking at the trader chart, it looks like SOL/BTC is predicted to rise to 0.00365 BTC ($254).
As of this writing, SOL is worth $194.24.
Next, the trader said he is keeping an eye on Jupiter (JUP), a Solana-based decentralized exchange (DEX) aggregator. Bluntz predicts that JUP will see a rally after completing its ABC fix.
“JUP is looking pretty strong here. Definitely the strongest of the trinity of JUP, JTO, and PYTH.”
As of this writing, JUP is trading at $1.52, up more than 7% in the last 24 hours.
Traders are also bullish on the top memecoin, Dogecoin (DOGE). Bluntz shared two charts showing that DOGE appears to mirror the pattern BTC printed in early 2023, when Bitcoin bottomed at around $16,000.
“What if that’s the case?
viceroy.”
As of this writing, DOGE is trading at $0.205.
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