One analyst who is known to make timely altcoin predictions believes that the memecoin (SOLThe upcoming upside is going to be huge.
Pseudonymous Bluntz informs his 319.800 followers via the social media platform X, that he has seen the memecoin (SPX6900).SPX() Igniting steep waves based on principles of Elliott Wave theory. This is an advanced approach in technical analysis which tries to forecast future price movements by following crowd psychology.
According to this theory, an asset that is bullish tends to see a five-wave upswing, the wave three being the most significant and longest.
Says Bluntz,
“SPX looks insane in my opinion, it looks like the entire price action from the March lows is all 1-2s and hasn’t even had a wave three yet, setting the stage for a full-blown parabola later.”
According to the chart of the trader, it appears that he predicts SPX to rally up to $2.20. SPX’s value is $1.10 as of the writing.
Analyst is bullish about dogwifhat as well (WIFAnother memecoin based in Solana. The trader predicts WIF’s value will reach $1.25 soon.
“What a move on WIF already, well and truly reclaimed the range, and looking impulsive in my opinion, I think this pullback was a wave four low.”
The WIF value at the moment of this writing is $0.97
Bluntz examines the altcoin industry as a whole. believes One group of tokens has the ability to perform better than all others.
When the altcoin price returns to normal, the memes that are most popular will always be “When you see the actual altcoin return”
We all know, no matter how hard you try, fundamentals are a vapor.
The crypto-market is not the only place where traders can make money says Silver is his favorite asset. According to him, it can surpass the all-time record high of about $50.
The silver/gold ratio is starting to turn over, with the USD price of silver finally preparing for a big breakout.
“I believe that a silver price of $75 is not outlandish in comparison to the gold market.”
As of the time this article was written, silver’s value is $34.50.
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Source: dailyhodl.com
