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Home»ALTCOIN NEWS»A top trader predicts a ‘violent breakout’ from Solana and says one cryptocurrency asset looks like the best Memecoin.
ALTCOIN NEWS

A top trader predicts a ‘violent breakout’ from Solana and says one cryptocurrency asset looks like the best Memecoin.

By Crypto FlexsApril 24, 20242 Mins Read
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A top trader predicts a ‘violent breakout’ from Solana and says one cryptocurrency asset looks like the best Memecoin.
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One closely watched analyst is predicting a major breakout in Ethereum (ETH) rival Solana (SOL) is imminent.

pseudonym analyst Bluntz says 256,800 followers on social media platform

“I think SOL is staging a violent breakout here.”

Source: Bluntz/X

Traders also use the Elliott Wave theory, which states that bullish assets often see a new uptrend after a three-part ABC correction. Looking at his chart, the trader suggests that SOL completed the ABC correction after retesting the $120 level.

Solana is trading at $159 at the time of this writing, up more than 3% in the last 24 hours.

Next is the analyst Called Pepe (PEPE) appears to be in a bullish uptrend after bouncing off the key Fibonacci level of $0.000004454. He also believes that Pepe’s charts are the most bullish compared to other top memecoins.

“In my opinion, of all the major memecoins, Pepe looks the best. (Pepe) has already cleared and reclaimed (a) wave low after Turbo V reversed at the key 0.618 (Fibonacci level).”

video
Source: Bluntz/X

Looking at his charts, the analyst suggests that Pepe could soar past the $0.000013 level.

As of this writing, Pepe is trading at $0.000007721, up more than 14% in the last 24 hours.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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