A well-known cryptocurrency analyst and trader, who goes by the pseudonym Bluntz, has expressed a bullish outlook on one memecoin and provided his predictions for two layer-1 altcoins.
Bluntz, with a following of 287,700 on the social media platform X, believes that Dogecoin (DOGE) is still showing strong performance. According to Bluntz’s analysis on the four-hour time frame, he suggests that Dogecoin could experience a significant surge of almost 60%, reaching a price of $0.22.
As of the time of writing, Dogecoin is currently trading at $0.138, marking a 20% increase over the past two weeks.
Bluntz goes on to state that Dogecoin is becoming the new market leader in the mega large cap category, emphasizing that many people may not have realized it yet, but will soon recognize its potential.
Moving on to Solana (SOL), Bluntz points out that despite recent bearish sentiment in the crypto market, Solana has only experienced a slight decline and has managed to stay above a major resistance level on the daily time frame. This indicates its strength and resilience in the market.
Bluntz further suggests that the likelihood of a fakeout for Solana is decreasing with each passing day.
As of now, Solana is trading at $166.
Lastly, Bluntz focuses on Sui (SUI) and applies the Elliott Wave theory in his technical analysis. He believes that Sui could be on the verge of reaching a new all-time high, following a correction in a five-wave pattern. According to the Elliott Wave theory, assets typically move in a five-wave pattern during the main trend, while corrections occur in a three-wave pattern.
Bluntz’s chart indicates that Sui could potentially reach a price of $2.80, representing a 48% increase from its current price.
At the time of writing, Sui is trading at $1.89.
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