A well-known crypto strategist believes that two incredibly popular meme coins are on the verge of reaching new all-time highs. Bluntz, an analyst who prefers to remain anonymous, recently informed his 260,500 followers on X, a social media platform, that Pepe (PEPE) still has plenty of potential, even after its impressive 140% surge this month. He shared a chart that indicates PEPE could skyrocket to new record levels of $0.000028. “Despite already reaching all-time highs, I believe PEPE will continue to outperform for the time being.” At the time of writing, Pepe is valued at $0.000016, suggesting a potential increase of 75% if the meme coin hits Bluntz’s target.
Additionally, Bluntz is also optimistic about another meme token called Floki (FLOKI). “I’m getting pre-PEPE all-time high vibes from FLOKI. The chart is looking really promising in my opinion.” Based on the analyst’s chart, it seems that Bluntz is predicting a new all-time high of $0.00044 for FLOKI. Currently, FLOKI is trading at $0.000294.
Furthermore, the crypto strategist is closely monitoring Ethereum (ETH) in its Bitcoin pair (ETH/BTC). Bluntz believes that ETH/BTC will experience a dip below 0.052 BTC ($3,553) before breaking out and rallying to 0.06 BTC ($4,100). “There is a 12-hour bearish divergence on ETH/BTC and a clear impulsive five-wave rise. We can expect a small dip before a strong upward movement.”
Bluntz follows the Elliott Wave theory, which suggests that an asset typically corrects itself after a five-wave surge. By analyzing the chart, it appears that the analyst believes ETH/BTC has already completed a five-wave rally and is now poised for a downward movement. This interpretation is supported by a bearish divergence, indicating a loss of momentum despite the recent increase.
At the time of writing, ETH/BTC is trading at 0.05625 BTC ($3,842).
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