A crypto analyst known as Bluntz, who boasts a significant following on X (formerly Twitter), is predicting price increases for Solana (SOL) and two lesser-known altcoins. Bluntz, a Bybit Master Trader, bases his predictions on technical analysis.
Solana’s Promising Setup
Bluntz sees a bullish signal in Solana’s recent price action. After briefly dipping below a key support level of $160 in late May, SOL rebounded. This recovery, according to Bluntz, forms a “swing failure pattern” (SFP) on the four-hour chart – a pattern often interpreted as a reversal signal, suggesting a potential shift from bearish to bullish sentiment. He’s optimistic about SOL reclaiming its previous highs. At the time of this writing, SOL is trading slightly above $160.
AI Altcoin Poised for Growth
Bluntz is also bullish on ai16z (AI16Z), an AI-focused cryptocurrency. Using the Elliott Wave theory, he identifies what he believes to be a completed ABC correction on the daily chart. This correction, according to the theory, often precedes a significant price rally. Bluntz considers this a strong indication that AI16Z has reached a bottom. At the time of this writing, AI16Z is valued at $0.25.
Memecoin Mimicking Success
Finally, Bluntz highlights Gigachad (GIGA), a memecoin built on the Solana blockchain. He observes similarities between GIGA’s chart and that of SPX6900 (SPX), another memecoin that saw a 360% increase since March. Bluntz believes GIGA might follow a similar upward trajectory. At the time of this writing, GIGA is trading at $0.23.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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