An analyst who is known for making timely Altcoin calls believes that one memecoin on Solana (SOL) is preparing for a huge upward burst.
Pseudonym Analyst Bluntz tells his 319,800 followers on the Social Mediaplatform X that he sees the Memecoin SPX6900 (SPX) that steep peaks inflamed based on the principles of the Elliott Wave theory, an advanced technology Psychology that tries to follow that future price action to the Psych’s Psych -Action -TACTION AACTACTION to follow the action -approach -approach that is the action -approach -approach -approach that is the action -approach -approach -approach -to -Psychology -Psych, In Waves.
According to the theory, a bullish property is usually witnessed by a five -golf rally, in which Golf represents three the longest and steepest upward movement.
Out Bluntz,
“In my opinion, SPX looks insane, it seems that the full price promotion of March is all 1-2 and has not even had a Golf Three, the stage for a full parabola later.”
Based on the graph of the trader, he seems to predict that SPX will gather up to $ 2.20. At the time of writing, SPX is worth $ 1.10.
The analyst is also Bullish on Dogwifhat (WIF), another Solana -based Memecoin. The trader to predict That WIF will hit $ 1.25 in the short term.
“What a movement on WIF already, well and really recovered the range and in my opinion looked impulsive, I think this pullback was a wave four low.”
At the time of writing, WIF is worth $ 0.97.
Looking at the wider Altcoin market, Bluntz believe That one group of coins can perform better than all other tokens.
“When the real Altcoin bid returns, memes are always the strongest.
It really doesn’t matter how much you want to do Fundamentals, it won’t, because at the end of the day it is all vaporware, and we all know it. “
But beyond the cryptomarket, the trader out He has noticed silver, an asset that he thinks can crush his all time of around $ 50.
“Silver/Gold ratio looks like it is starting to roll with silver in USD that finally prepares for a large outbreak.
Compared to the action of the gold price, $ 75 silver not outside the empire of the possibility in my opinion. “
At the time of writing, Silver is worth $ 34.50.
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Generated image: midjourney