Analyst Predicts Massive Breakout for Solana and Pepe
A closely followed analyst is predicting an imminent massive breakout for Ethereum (ETH) competitor Solana (SOL). Pseudonymous analyst Bluntz tells his followers on X that SOL appears to be printing a bullish pattern on the four-hour chart, setting higher lows.
- Bluntz anticipates a violent breakout for SOL soon.
- He uses Elliott Wave theory to support his prediction.
- SOL has shown signs of completing a correction.
Solanaโs Potential Breakout
The trader suggests that Solanaโs recent performance indicates potential for a significant upward movement. SOL is currently trading at $159, reflecting a 3% increase in the last 24 hours.
- Bluntz observes a bullish pattern on Solanaโs four-hour chart.
- He highlights the significance of higher lows in SOLโs recent price action.
Bullish Momentum for Pepe
Bluntz also comments on Pepe (PEPE), noting a potential bullish uptrend after bouncing off a key Fibonacci level at $0.000004454. He expresses confidence in Pepeโs chart compared to other memecoins.
- Pepe has shown strength compared to other major memecoins.
- The analyst believes Pepe could surpass the $0.000013 level.
Pepeโs Price Movement
Pepe is currently trading at $0.000007721, marking a significant 14% increase in the last 24 hours. The analystโs chart analysis suggests further upside potential for Pepe in the near term.
- Bluntz highlights Pepeโs bullish momentum after hitting a key Fibonacci level.
- He believes Pepeโs price could continue to rise beyond current levels.
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Hot Take: Analystโs Bullish Predictions for Solana and Pepe
A closely followed analyst is anticipating a major breakout for Solana and has identified Pepe as a strong contender among memecoins. Both SOL and Pepe show promising signs of upward momentum, presenting potential opportunities for traders and investors to capitalize on.
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