A popular crypto analyst, known as Bluntz, is making waves with their predictions on several memecoins. Bluntz correctly predicted a Bitcoin dip earlier this year and now has their sights set on some altcoins.
Pudgy Penguins (PENGU) Ready to Soar?
Bluntz believes Pudgy Penguins (PENGU) is poised for another significant price increase. Using Elliott Wave theory, they see the current dip as a healthy correction before a final, strong upward move (wave five). Bluntz suggests this is a good buying opportunity, noting that the 33% dip after a recent rally is typical. They predict PENGU will climb above $0.05 before the rally ends. At the time of writing, PENGU is trading at $0.0357, up over 7% for the day.
Bonk (BONK): Bullish Divergence Spotted
Bluntz also sees positive signs for Bonk (BONK). They’ve identified a bullish divergence on the four-hour chart, suggesting buying pressure is building even though the price is currently dropping. This is a strong indicator of a potential price reversal. Bluntz considers this a good time to buy. BONK is currently trading at $0.000026, up almost 5% for the day.
Useless Coin (USELESS): Time for a Correction?
Finally, Bluntz believes Useless Coin (USELESS) has completed a five-wave rally and is due for a correction. While they expect to buy again later, after the correction and a projected market cap increase, they emphasize the importance of timing in the market. USELESS is currently trading at 0.246.
Disclaimer: This information is for entertainment purposes only and not financial advice. Always do your own research before investing in cryptocurrencies.
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