Analyst Bluntz noted that meme coin PEPE and SEI, a competitor of Solana 
$219, might experience a significant rise soon. He emphasized that there is a clear accumulation process in many altcoins, making it challenging to remain pessimistic about the market. Bluntz stated, “There is clearly a process of accumulation in many altcoins, and in my opinion, it is quite difficult to be pessimistic.”
Accumulation Observed in Altcoins
The analyst highlighted that SEI and PEPE are standing out during this accumulation process. He pointed out that SEI has transitioned from a rolling bottom formation into an upward trend, indicating that investors are accumulating assets and preventing further price drops.
Technical Outlook for PEPE and SEI
Bluntz added that PEPE has completed an inverted head and shoulders formation, signaling a potential rise. This formation generally suggests the end of a downtrend and an expectation of price increases. He remarked, “PEPE is heating up with the accumulation breakout.”
On another note, Bluntz expressed his belief that Bitcoin 
$90,047 may soon rise as the Fed increases liquidity injections. He reminded listeners that September typically brings declines, so it is essential not to overlook the Fed’s liquidity injections.
Liquidity flows are often viewed as a positive signal by investors, indicating that more capital can be invested in riskier assets. Bluntz had previously forecasted that Bitcoin could reach $100,000, hitting an all-time high. His comments suggest potential volatility in the cryptocurrency market, particularly for altcoins like PEPE and SEI, which may present opportunities for investors. However, due to the volatile nature of the crypto market, it is crucial for investors to remain cautious and closely monitor market analyses.
