A broadly adopted crypto analyst says that one Solana (SOL)-based altcoin that has already seen large features appears to be like poised to skyrocket additional whereas updating his outlook on two different fashionable memecoins.
In a brand new technique session, pseudonymous crypto dealer Bluntz tells his 325,100 followers on the social media platform X that the native asset of the Pudgy Penguins (PENGU) non-fungible token (NFT) assortment seems able to spark a rally regardless of already gaining 300% this month.
“Good 18% dip right here on PENGU, that needs to be greater than sufficient in a robust uptrend like this. Ought to begin pushing into recent highs once more from round right here [in my opinion].”
The dealer’s chart signifies that PENGU may rise to $0.038 throughout the subsequent few days. The digital asset is buying and selling for $0.0309 at time of writing, a 7.7% lower on the day. On July sixteenth, PENGU reached its weekly excessive of $0.034, a 68% acquire from its seven-day low of $0.0184.
In response to the dealer, PENGU appears like a “silent underperformer” because it has been the strongest meme asset over the last two weeks.
“Seeing PENGU up 143% in two weeks, has additionally been the perfect performing massive cap meme (over 1 $billion market cap), I’d suppose extra individuals can be speaking about it. Possibly it’s my very own echo bubble however appears like a silent outperformer.”
Transferring on to the dog-themed meme asset Floki (FLOKI), Bluntz says that it has extra room to develop earlier than breaking its resistance degree round $0.000123.
“Good strikes on Floki to this point however nonetheless loads of juice left within the tank. Breaking that $0.000123 resistance is inevitable [in my opinion].”
It seems that Bluntz’s prediction got here true as FLOKI is buying and selling for $0.000142 at time of writing, a 29% enhance on the day.
Concluding his evaluation with Bonk (BONK), one other SOL-based memecoin, Bluntz says it seems as if it has rather more room to develop regardless of rising 96% for the reason that starting of July.
“Effectively that was fast. BONK already +96%, and nonetheless wanting prefer it has a lot increased to go.”
BONK is buying and selling for $0.000036 at time of writing, a 4.9% enhance on the day.
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