Memecoins on the Rise
Crypto analyst Bluntz believes that two popular memecoins, Pepe (PEPE) and Floki (FLOKI), are poised for further gains.
- PEPE: Bluntz predicts a potential surge to $0.000028, representing a 75% increase from its current price.
- FLOKI: Bluntz anticipates a new all-time high of $0.00044, based on its recent price action.
Ethereum’s Next Move
Bluntz also provides an update on Ethereum’s price against Bitcoin (ETH/BTC). He believes the pair may experience a brief dip before rallying.
- Dip: Bluntz expects ETH/BTC to drop below 0.052 BTC ($3,553).
- Rally: After the dip, Bluntz predicts a rise to 0.06 BTC ($4,100).
Elliott Wave Analysis
Bluntz uses Elliott Wave theory to support his Ethereum forecast. He believes the pair has completed a bullish surge and is due for a correction.
- Bearish Divergence: Bluntz observes a bearish divergence, indicating a loss of momentum despite the recent price increase.
- Five-Wave Rally: Bluntz suggests that ETH/BTC has completed a five-wave rally and is now entering a corrective phase.
Disclaimer: This information is not investment advice. Investors should conduct their own research before making any high-risk investments./p>
