A well-known crypto analyst who’s known for calling market bottoms believes that the memecoin Pepe (PEPE) and a Solana (SOL) competitor are about to take off.
Pepe and Sei Poised for Breakout
The analyst, known as Bluntz, told his 273,500 followers on X that PEPE and Sei (SEI) are leading the charge after breaking out of bullish patterns. He thinks it’s hard to be bearish on many altcoins right now, with both PEPE and SEI standing out as strong performers.
Bluntz sees SEI, a Solana rival, breaking out of a rounding bottom pattern, which is often seen as a bullish sign indicating that investors are accumulating the asset without letting the price drop.
He also shared a chart showing that PEPE has broken out of an inverse head-and-shoulders pattern, another bullish indicator. This pattern, along with the completion of an ABC corrective wave, suggests that PEPE is ready for a big jump.
Bitcoin on the Brink of a Rally
The analyst also believes that Bitcoin (BTC) is close to a rally, fueled by rising liquidity injections from the Federal Reserve. He sees these injections as a bullish signal, as they mean more capital could be flowing into risk assets like Bitcoin and crypto.
Bluntz previously predicted that Bitcoin would reach a new all-time high around $100,000, and he’s sticking to that prediction. He thinks the bears are about to get crushed.
Disclaimer: This is not financial advice. Always do your own research before investing in any cryptocurrency.
/p>
