19.4 C
25 June 2024
Image default

Top Analyst Predicts New All-Time Highs for Two Surging Memecoins, Updates Forecast on Ethereum

A popular crypto strategist thinks that two scorching-hot memecoins are racing toward fresh all-time highs.

Pseudonymous analyst Bluntz tells his 260,500 followers on the social media platform X that Pepe (PEPE) has more gas left in the tank even after its more than 140% surge this month.

The top trader shares a chart suggesting that PEPE could soar to new record highs of $0.000028.

“Despite the all-time highs, I think PEPE will continue to be the fastest horse for now.”

Source: Bluntz/X

At time of writing, Pepe is worth $0.000016, indicating an upside potential of 75% if the memecoin hits Bluntz’s target.

Next up, the analyst is also bullish on fellow meme token Floki (FLOKI).

“Getting pre-PEPE all-time high vibes from FLOKI.

The chart looking really nice in my opinion.” 

Source: Bluntz/X

Based on the trader’s chart, it appears that Bluntz is predicting a new all-time high of $0.00044 for FLOKI. At time of writing, FLOKI is trading at $0.000294.

The crypto strategist is also keeping a close watch on the top altcoin Ethereum in its Bitcoin pair (ETH/BTC). The trader sees ETH/BTC taking a dip below 0.052 BTC ($3,553) before breaking out and rallying to 0.06 BTC ($4,100).

“12 hour bearish divergence on ETH/BTC and a clear impulsive give-wave rise. Give shakeout dip before turbo send please.” 

Source: Bluntz/X

The trader practices the Elliott Wave theory, which states that a bullish asset tends to correct after a five-wave surge. Looking at the trader’s chart, he seems to suggest that ETH/BTC has already completed a five-wave rally and is primed for a leg down.

Bluntz’s reading is supported by a bearish divergence, a signal indicating that the pair is losing momentum despite its recent move up.

At time of writing, ETH/BTC is trading at 0.05625 BTC ($3,842).

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE-3

The post Top Analyst Predicts New All-Time Highs for Two Surging Memecoins, Updates Forecast on Ethereum appeared first on The Daily Hodl.

Related posts

Jack Dorsey and Jay Z Allocate $23.5 Million in Bitcoin to Fund Development


Monobank Co-founder Invests in Bitcoin, Predicting $100,000 Price Target


Post-Covid World Predictions Boost Bitcoin

Verified by MonsterInsights