A well-known crypto analyst, Bluntz, who holds the “Master Trader” title on Bybit, is predicting good things for Solana (SOL) and other altcoins. He believes they’re about to outperform Bitcoin (BTC).
Solana’s Breakout
Bluntz, with over 300,000 followers on X (formerly Twitter), says Solana has broken through a key resistance level, signaling a potential rally. He’s particularly optimistic about SOL and other tokens within the Solana ecosystem, predicting a strong week ahead. He declared, “I think we’re back, baby!” At the time of writing, SOL was trading at $152.
Pudgy Penguins (PENGU) Takes Flight
Bluntz also highlighted Pudgy Penguins (PENGU), an NFT project, as a potential winner. He sees a bullish breakout pattern on its chart, predicting a significant price increase. He believes PENGU could hit $0.025 (it was trading at $0.014 at the time).
Bitcoin Dominance and Altcoin Strength
Bluntz subtly hinted that altcoins are about to outperform Bitcoin by sharing a chart showing Bitcoin Dominance (BTC.D) – the percentage of the total crypto market cap held by Bitcoin. The chart, according to Bluntz, suggests a bearish divergence, indicating that altcoins might gain value faster than Bitcoin. BTC.D was at 65.45% at the time of writing. Bluntz simply stated, “BTC.D presented without comment.”
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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