Memecoins
Top Analyst Predicts New All-Time Highs for Two Rising Memecoins, Updates Ethereum Forecast
A popular crypto strategist believes two steamy memecoins are heading to new all-time highs.
Pseudonymous analyst Bluntz tells his 260,500 followers on social media platformPEPE) still has more gas in the tank even after surging more than 140% this month.
The top trader shares a chart suggesting PEPE could hit new record highs of $0.000028.
“Despite the historical records, I think PEPE will continue to be the fastest horse at the moment.”
Source: Bluntz/X
At the time of writing, Pepe is worth $0.000016, indicating 75% upside potential if the memecoin reaches Bluntz’s target.
Then the analyst is also optimistic about his compatriot Floki (FLOKI).
“Getting unprecedented vibes before PEPE from FLOKI.
The board looks really nice in my opinion.
Source: Bluntz/X
Based on the trader’s chart, it appears that Bluntz is forecasting a new all-time high of $0.00044 for FLOKI. At the time of writing, FLOKI is trading at $0.000294.
The crypto strategist is also closely monitoring his Bitcoin pair’s top altcoin Ethereum (ETH/BTC). The trader sees ETH/BTC falling below 0.052 BTC ($3,553) before breaking out and rallying back to 0.06 BTC ($4,100).
“12-hour bearish divergence on ETH/BTC and clear impulsive rise in the giving wave. Give it a dip before sending the turbo, please.
Source: Bluntz/X
The trader practices the Elliott wave theory, according to which a bullish asset tends to correct itself after a five-wave surge. Looking at the trader’s chart, it seems to suggest that ETH/BTC has already completed a five-wave rally and is ready for a decline.
Bluntz’s reading is supported by a bearish divergence, a signal that the pair is losing momentum despite its recent rise.
At the time of writing, ETH/BTC is trading at 0.05625 BTC ($3,842).
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