In the dynamic world of cryptocurrency, a well-regarded analyst has recently shared his bullish outlook for three digital assets, capturing the attention of the crypto community. The pseudonymous analyst Bluntz, known for his timely altcoin predictions, has communicated to his substantial following of 252,000 on the social media platform X, his positive stance on Solana (SOL), Jupiter (JUP), and the widely recognized memecoin, Dogecoin (DOGE).
Bluntz, employing the Elliott Wave theory as a basis for his analysis, suggests that Solana (SOL) is poised for a fresh upward movement. This theory, a popular tool among crypto traders, posits that assets generally experience a rally following the completion of an ABC correction pattern. Applying this framework to Solana’s performance against Bitcoin (SOL/BTC), Bluntz observes that Solana appears to have concluded its ABC corrective wave on the eight-hour chart. His analysis leads him to believe that SOL/BTC could climb to 0.00365 BTC, approximately $254. At the time of his statement, Solana was valued at $194.24.
Bluntz’s analysis extends to Jupiter (JUP), a decentralized exchange (DEX) aggregator based on the Solana network. He notes that JUP, having completed its own ABC correction, seems ready for significant rallies. His mention of Jupiter as the “strongest of the holy trinity,” which includes JUP, JTO, and PYTH, underscores his confidence in its potential growth. Currently, Jupiter trades at $1.52, having seen a 7% increase in the last 24 hours.
Furthermore, Bluntz shares an optimistic view on Dogecoin (DOGE), the popular memecoin. In his analysis, he draws parallels between DOGE’s current chart patterns and those of Bitcoin (BTC) in early 2023, when Bitcoin bottomed out at around $16,000. This comparative study leads him to suggest a potential upswing for DOGE. At the moment of his analysis, DOGE was trading at $0.205.
As with all market predictions, especially in the volatile realm of cryptocurrencies, investors and enthusiasts are reminded to approach such forecasts with caution and conduct their own research. Nonetheless, Bluntz’s predictions add an intriguing perspective to the ongoing narrative of these digital assets, hinting at potential shifts in the crypto market landscape. His insights offer a glimpse into possible trends, contributing to the broader discourse on the future movements of these cryptocurrencies.
