Renowned crypto analyst Bluntz recently shared his optimistic outlook for Pyth Network (PYTH), a blockchain oracle within the Solana ecosystem, with his 290,400 followers. Bluntz believes PYTH is on the verge of a strong upward move, currently trading at $0.399 and positioned just below a key resistance level. Breaking through this point could signal a robust bullish momentum.
Bluntz noted, “A big breakout candle is forming for PYTH. Following a three-month accumulation phase, the asset is shaping up well. With a push past the $0.50 resistance level, the road ahead could be clear for significant gains.”
Bullish Projections for Bitcoin and Dogecoin
Bluntz also holds a positive outlook for Bitcoin as it trades at $70,806. Using the Elliott Wave Theory, he anticipates a brief correction followed by continued growth, with the potential to reach $80,000 by early November. Bluntz foresees possible volatility due to upcoming election-related market shifts but expects any fluctuations to occur at higher price levels.
Regarding Dogecoin, currently at $0.166050, Bluntz sees value in its long accumulation phase, with the potential for further gains. “Many people bought DOGE at these low levels but are selling too soon. This reflects 874 days of accumulation. Patience and belief are key,” Bluntz commented.
Growing Interest in Solana and Potential for PYTH
Bluntz highlighted that renewed interest in Solana could further fuel PYTH’s upward trajectory, as the oracle network aligns closely with Solana’s ecosystem. He advised caution around the potential volatility brought by the election period but underscored the value of analyzing technical data for informed trading.
Bluntz’s insights offer valuable perspectives for investors tracking the Solana ecosystem, Bitcoin’s potential new high, and Dogecoin’s steady accumulation. PYTH’s projected rise, BTC’s likely rebound, and DOGE’s accumulation phase each present promising opportunities for crypto enthusiasts.
Pyth Network, Solana ecosystem, Bitcoin, Dogecoin, bullish momentum
