Prominent Cryptocurrency Trader Claims Major Memecoin Remains Extremely Bullish, Provides Updated Analysis on Solana and Sui

An esteemed crypto analyst and trader, followed by many, exhibits a bullish stance on a popular memecoin and offers predictions for two layer-1 altcoins.

The analyst, who goes by the moniker Bluntz, informs his impressive 287,700-strong audience on platform X that Dogecoin (DOGE) maintains a “remarkably robust” stance.

An analysis by Bluntz, focusing on the four-hour time frame, suggests that Dogecoin could potentially surge by almost 60%, aiming for a $0.22 target price.

As of this writing, Dogecoin’s price is at $0.138, showing more than a 20% increase over the last fourteen days.

The analyst also comments,

“Dogecoin is ascending as the new heavyweight in the mega cap market.

It may be unnoticed now, but its leadership will soon be apparent.”

Taking a look at Solana (SOL), Bluntz mentions that in spite of a general bearish sentiment surrounding cryptos, Solana’s minor drop did not penetrate the key resistance level it previously surpassed on the daily chart, signaling its resilience.

“Probability of a false breakout is lessening each day.”

Currently, Solana’s trading price is $166.

Finally, looking at Sui (SUI), the crypto analyst, recognized for employing Elliott Wave theory in analyses, predicts that Sui could be on the brink of achieving an unprecedented high in a five-wave trajectory post-correction. The Elliott Wave principle proposes that the main trend of an asset’s price undergoes a five-wave pattern, while corrections unfold over a three-wave pattern.

According to Bluntz’s reading of the chart, Sui might see a 48% increase to reach $2.80.

Sui’s current trading value is at $1.89.

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Disclaimer: The views expressed in The Daily Hodl are not investment advice. Before undertaking any high-stakes investments in Bitcoin, cryptocurrency, or digital assets, investors should conduct thorough research. Please be informed that your transactions and trades are at your risk, and any losses incurred are your liability. The Daily Hodl does not advocate buying or selling any cryptocurrencies or digital assets and is not an investment advisor. Note that The Daily Hodl is involved in affiliate marketing.

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