Top Cryptocurrency Trader Finds Solana-Based Meme Coin Attractive After Soaring More Than 10-Fold in Less Than Two Months

An esteemed cryptocurrency analyst, specializing in small-cap tokens, is expressing a positive outlook on a niche memecoin on the Solana (SOL) network.

The anonymous market expert Bluntz shares with his audience of 288,100 on social platform X that Moo Deng (MOODENG), a memecoin with a hippo theme, offers an attractive investment profile despite being 53% below its peak from the previous September.

Bluntz points out that MOODENG presents a bullish divergence over a four-hour trading interval, a technical signal where an asset’s lower lows are contradicted by higher lows on an oscillator such as the Relative Strength Index (RSI).

At the moment, MOODENG is pegged at $0.161, marking more than a tenfold increase from its low of $0.0155 recorded on September 20th.

Bluntz also comments:

“In my view, MOODENG is undervalued at $150 million market capitalization after retreating over 50%.”

Similarly, Bluntz is optimistic about Dogecoin (DOGE), the front-running memecoin in terms of market value. He notes DOGE’s upward trend, marking fresh highs against Bitcoin which is a contrast to other alternative coins’ performance.

“Strategies are being revealed.”

Dogecoin trades at 0.00000273 BTC ($0.203), boasting a 54% rise over the past month.

Last but not least, Bluntz takes a look at Sui (SUI). He claims that Sui is nearing its zenith price of $2.35 achieved on October 13th.

The chart from this respected analyst suggests, following the Elliott Wave principle, that Sui’s value might ascend past $3 in a five-wave pattern, typically followed by a corrective three-wave pattern in market movements.

Currently, Sui is valued at $2.31.

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