A popular crypto analyst, known as Bluntz, is forecasting significant price increases for Chainlink (LINK) and the memecoin Pepe (PEPE). Bluntz boasts a large following on X (formerly Twitter).
Chainlink’s Potential Surge
Bluntz, using the Elliott Wave theory, believes Chainlink is poised for a substantial rally. He points to a completed ABC correction on the 12-hour chart as a bullish signal. He predicts a price increase of at least 50% in the next couple of weeks. He sees the recent market correction as a buying opportunity. At the time of writing, LINK is trading at $23.65, up 12.2% in the last 24 hours.
Pepe’s “Mega Send”
Bluntz also has high hopes for Pepe (PEPE). He believes a recent retest of a lower trading range bound signals a significant price jump is imminent. He describes the setup as potentially profitable for both buyers and sellers. PEPE is currently trading at $0.00002495, up 6.4% in the last 24 hours.
Broader Market Outlook
Bluntz anticipates a broader crypto market rally following this week’s downturn, suggesting that the recent sell-off will fuel the next upward price movement.
Disclaimer: This information is for general knowledge and entertainment purposes only. It is not financial advice. Investing in cryptocurrencies is risky. Always do your own research before making any investment decisions.
