Crypto analyst and investor Bluntz recently shared his bullish outlook on Dogecoin (DOGE), Solana (SOL), and Sui (SUI) with his 287,700 followers on social media platform X. Highlighting Dogecoin’s momentum, Bluntz foresees a significant upward move in the short term, drawing attention from investors keen to explore these altcoins’ strong potential in the market.
Dogecoin Primed for a 60% Surge?
According to Bluntz, Dogecoin’s four-hour chart suggests a possible 60% increase to a target price of $0.22. Currently trading at $0.138, Dogecoin has seen a more than 20% rise over the past two weeks. The analyst believes Dogecoin could become a “mega market leader,” solidifying its place in the top ranks of the crypto world.
Calling Dogecoin “the new mega market leader,” Bluntz speculates that the popular memecoin could transcend its meme status and emerge as a pioneering asset in the industry.
Solana and Sui Maintain Technical Strength
Bluntz also shared his insights on Solana, noting that despite market dips, Solana has formed strong resistance levels on its daily charts and remains steady around $166. He points out that maintaining this resistance could strengthen investor confidence, suggesting a positive outlook for SOL.
For Sui (SUI), Bluntz applied Elliott Wave Theory, forecasting a new all-time high in a five-wave pattern. Currently priced at $1.89, Sui could see a 48% increase to $2.80, according to the analyst. The Elliott Wave Theory predicts major trends unfold in five-wave patterns, while corrections occur in three-wave structures, supporting Bluntz’s high expectations for Sui.
Calling attention to Solana’s resilience, Bluntz remarked, “The likelihood of a false breakout is fading by the day,” while he sees Sui reaching fresh peaks as well.
Proceed with Caution in the Crypto Market
While Bluntz is optimistic about Dogecoin, Solana, and Sui’s potential, he advises investors to approach with caution. Given the crypto market’s volatility, these forecasts should be considered with the associated risks in mind.
Ultimately, Bluntz’s predictions provide an encouraging outlook for crypto investors. However, as Dey There emphasizes, the unpredictable nature of the market calls for careful investment decisions.
Dogecoin, Solana, Sui, market leader
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