A widely followed cryptocurrency trader and analyst expresses bullish sentiment on a top-50 altcoin that is currently under the radar.
The trader pseudonymously known as Bluntz tells its 228,900 followers on the social media platform compared to the current level.
According to Bluntz, LDO has managed to turn multiple resistance levels into support zones, which is an indication of bullish momentum.
“There are only so many support and resistance changes we can make before it just heads higher and leaves the previous highs in the dust.”
At the time of writing, LDO is trading at $2.16.
Regarding the smart contract protocol Solana (SOL), Bluntz say that the altcoin may be gearing up to print a new 2023 high after witnessing a deep corrective move yesterday.
“Liquidations in [the last] 48 hours have been longer than all the dips [during] the entire run-up.
Assigned to the spot just in case, no influence for now.”
Looking at the trader’s chart, he seems to predict that Solana could rise all the way to around $76. At the time of writing, SOL is worth $57.33.
On the largest memecoin by market cap: the pseudonymous analyst say that Dogecoin (DOGE) has broken out of a multi-week consolidation range and appears poised for a big run-up.
“I have seen all week that these range breaks lead to big moves on all kinds of coins.”
Based on the trader’s chart, he seems to predict that DOGE will rise close to $0.13. At the time of writing, DOGE is worth $0.084.
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Generated image: DALLE3