An analyst who is well-known in the cryptocurrency world and a trader has turned bullish about a Dogecoin.DOGEShiba Inu and Shiba (SHIB) rival.
Bluntz is the pseudonymous analyst. tells Pepe’s 290.300 social media followers (X) on platform X.PEPEIts current price could increase by 28%.
According to the Elliott Waves theory, a bullish stock will usually experience five waves of upward movement following a downward ABC.
“PEPE has now done a nice five up from the lows on low timeframes and the pullback from the highs was also a clear three-wave move down. The push into fresh all-time high looks like it has begun.”
According to his chart, Pepe could reach more than $0.00003000 if the Elliott Waves theory is applied for an asset that’s bullish.
Pepe has increased 14.2% over the past 24 hours to $0.00002339.
Following the analyst, says Bitcoin (BTCThe Elliott Wave ABC correctional wave pattern may be complete on a one-hour basis. It is beginning to print the five-wave pattern upwards.
“That should be it for the BTC pullback in my opinion. Next up, the big $100,000 resistance.”
Bitcoin has risen 4.5% over the past 24 hours to $91,101.
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