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Top Crypto Trader Says Large-Cap Memecoin ‘Still Turbo Strong,’ Updates Outlook on Solana and Sui

Top Crypto Trader Says Large-Cap Memecoin ‘Still Turbo Strong,’ Updates Outlook on Solana and Sui

Daily HodlDaily Hodl2024/10/23 16:00
By:by Mark Emem

A widely followed cryptocurrency analyst and trader is leaning bullish on one memecoin while giving his forecast on two layer-1 altcoins.

The analyst pseudonymously known as Bluntz tells his 287,700 followers on the social media platform X that Dogecoin ( DOGE ) is “still turbo strong.”

Based on Bluntz’s chart on the four-hour time frame, it appears that the pseudonymous analyst is suggesting that Dogecoin could skyrocket by nearly 60% to reach a price of $0.22.

Top Crypto Trader Says Large-Cap Memecoin ‘Still Turbo Strong,’ Updates Outlook on Solana and Sui image 0 Source: Bluntz/X

At time of writing Dogecoin is trading at $0.138, up by over 20% in the past two weeks.

The widely followed analyst further says ,

“Dogecoin is the new mega large cap market leader.

You may not have realized it just yet but you will soon.”

Next up is Solana ( SOL ). Bluntz says that despite recent bearish sentiment in the crypto market, Solana only moved slightly downwards and did not fall below a major resistance level that it recently overcame on the daily time frame, an indication of its strength.

“Chance of fakeout diminishing by the day.”

Top Crypto Trader Says Large-Cap Memecoin ‘Still Turbo Strong,’ Updates Outlook on Solana and Sui image 1 Source: Bluntz/X

Solana is trading at $166 at time of writing.

Next up is Sui ( SUI ). The pseudonymous analyst who regularly applies the Elliott Wave theory in his technical analysis says that Sui could be on the cusp of reaching a new all-time high in a five-wave pattern after a correction. According to the Elliott Wave theory, the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern.

Based on Bluntz’s chart, it appears that the analyst is suggesting that Sui could hit a price of $2.80, about 48% above the current price.

Top Crypto Trader Says Large-Cap Memecoin ‘Still Turbo Strong,’ Updates Outlook on Solana and Sui image 2 Source: Bluntz/X

Sui is trading at $1.89 at time of writing.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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