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    Home»Altcoins»Solana-Primarily based Memecoin That’s Exploded Over 10x in Below Two Months ‘Appears to be like Interesting,’ Says High Crypto Dealer – The Day by day Hodl
    Solana-Primarily based Memecoin That’s Exploded Over 10x in Below Two Months ‘Appears to be like Interesting,’ Says High Crypto Dealer – The Day by day Hodl
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    Solana-Primarily based Memecoin That’s Exploded Over 10x in Below Two Months ‘Appears to be like Interesting,’ Says High Crypto Dealer – The Day by day Hodl

    By Mark EmemNovember 7, 2024No Comments3 Mins Read
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    A broadly adopted cryptocurrency dealer is leaning bullish on a low-cap memecoin constructed on the Solana (SOL) blockchain.

    Pseudonymous dealer Bluntz tells his 288,100 followers on the social media platform X that the hippopotamus-themed memecoin Moo Deng (MOODENG) “seems interesting” because it sits round 53% under its all-time excessive reached in late September.

    In line with Bluntz, MOODENG can also be exhibiting bullish divergence within the four-hour timeframe. A bullish divergence happens when the value of an asset is printing decrease lows whereas concurrently seeing increased lows on an oscillator indicator such because the Relative Energy Index (RSI).

    Image
    Supply: Bluntz/X

    MOODENG is buying and selling at $0.161 at time of writing, up by 10.38x from the September twentieth low of $0.0155.

    Bluntz additional says,

    “MOODENG at $150 million market cap after a 50%+ pullback is affordable for my part.”

    Image
    Supply: Bluntz/X

    The dealer can also be bullish on Dogecoin (DOGE), the biggest memecoin by market cap. Bluntz says DOGE is demonstrating energy by making new highs in opposition to Bitcoin, in contrast to different altcoins.

    “Arms are being proven.”

    Image
    Supply: Bluntz/X

    Dogecoin is buying and selling at 0.00000273 BTC ($0.203) at time of writing, up round 54% over the previous 30 days.

    Subsequent up is Sui (SUI). In line with the pseudonymous analyst who usually applies Elliott Wave concept in his technical evaluation, Sui is near the all-time excessive of $2.35 reached on October thirteenth.

    Primarily based on the broadly adopted analyst’s chart, it seems he’s suggesting that SUI may rise to over $3 in a five-wave sample. Elliott Wave concept states that the principle pattern of the value of an asset strikes in a five-wave sample whereas a correction happens in a three-wave sample.

    Image
    Supply: Bluntz/X

    Sui is buying and selling at $2.31 at time of writing.

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    Disclaimer: Opinions expressed at The Day by day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses it’s possible you’ll incur are your duty. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in affiliate marketing online.

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