An analyst who is known for making fast altcoin calls believes that a memecoin run on Solana (Solar) is ready for a huge upward crime.
Pseudonyma analysts Bluntz tells his 319,800 followers on the social media platform X that he sees Memecoin SPX6900 (SPX) Igniting steep over voltages based on the principles of Elliott Wave Theory, an advanced technical method that tries to predict future price measures by following public psychology that tends to manifest itself in waves.
According to the theory, a huge asset tends to witness a five -wave collection, with Wave Three representing the longest and steepest upward direction.
Says Bluntz,
“SPX looks crazy in my opinion, it looks like the whole price action from March lows is all the 1-2 century and has not even had a wave three yet, which sets the scene for a complete parabola later.”
Based on the nutritional diagram, he seems to predict that SPX will collect to $ 2.20. At the time of writing, SPX is worth $ 1.10.
The analyst is also Hausse on Dogwifhat (Wif), another solean-based memecoin. Trader predict The WIF will hit $ 1.25 in the short term.
“What a movement on WIF already, well and really recycled the range and looked impulsively in my opinion, I think this return was a wave four low.”
At the time of writing, WIF is worth $ 0.97.
Look at the broader Altcoin market, Bluntz believe in The one group of coins has the potential to surpass all other tokens.
“When the real Altcoin bid returns, Memes is always the strongest.
It does not matter how bad you want basic factors to be important, it will not, because at the end of the day it is all vaporware anyway, and we all know it. “
But beyond the crypto market, the trader says He has his eye on silver, an asset that he believes can crush his highest time of about $ 50.
“Silver/gold ratio looks like it is starting to roll over with silver in USD that finally switches up for a major outburst.
At the time of writing, silver is worth $ 34.50.
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