The trader, who is widely known in the cryptocurrency world, warns that low-cap Solana memecoin (SOL(Blockchain may suddenly experience a bearish turn.
Pseudonymous trader Bluntz tells Moo Deng, a memecoin with a hippopotamus theme (created by Moo Deng) was voted as the most popular coin on social media platform X.MOODENG() appears to be in the middle a ABC corrective movement after briefly breaking the $0.30 threshold.
Bluntz follows the Elliott Waves theory which says that an asset is bullish when it completes a ABC movement down. MOODENG is a stock that the analyst believes has made too many gains too fast. It needs to be corrected before it can make a new leg up.
“Could be wishful thinking but I’d love to see a pullback here on Moo Deng into white box to add. Starting to get a wee bit too parabolic for my liking.”
Moo Deng’s high was $0.335 (up more than 2,000% since $0.0154, on the 20th of September).
The analyst will be the next to arrive. believes Pepe is a memecoin (PEPEDogwifhat, a memecoin based on Solana (PEPE/WIFAfter printing an ABC Correction on the Daily Timeframe.
“Am a huge WIF enjoyer but PEPE/WIF is giving me massive outperformance vibes. Always trying to be in the fastest horses and PEPE is looking pretty fast right now against multiple cross pairs.”
PEPE was worth $0.00000105 at the time this article was written.
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