A widely respected cryptocurrency analyst and trader is expressing optimism about one decentralized storage altcoin project.
Analyst known by the pseudonym Bluntz says 239,700 followers on social media platform
“FIL is at the peak of the most outrageous pumps and has nearly erased its two-year cumulative range.”
Looking at the chart, the trader suggests that FIL has broken above the diagonal resistance line and is now poised to surpass its multi-year high of $11.390.
As of this writing, Filecoin is trading at $11.57, up more than 14% in the last 24 hours.
Filecoin launched in October 2020 with the backing of large cryptocurrency venture firms, including Winklevoss Capital, a venture capital firm co-founded by Bitcoin (BTC) billionaire twins Tyler and Cameron Winklevoss, the duo behind cryptocurrency exchange platform Gemini. It is done.
Next is the merchant double down He explains his prediction that dogwifhat (WIF), a memecoin based on Solana (SOL), will reach $3. He believes that WIF may ultimately reflect the price pattern printed by the underlying asset of crowd computing platform Nosana (NOS).
“A visual representation of what I think happens (below).”
Finally, the merchant Called Solana’s competitor SEI appears to be on the verge of forming a fifth surge to the $1.40 level.
“Start a God Candle.”
Bluntz uses Elliott Wave theory, a technical analysis approach that attempts to predict future price movements by following crowd psychology, which tends to appear in waves. The theory is that bullish assets experience a five-wave surge before entering a three-wave correction period.
SEI is trading at $0.904 at the time of this writing, down more than 1% in the last 24 hours.
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