Prominent anonymous crypto analyst and trader, Bluntz, is expecting a major explosion in an Ethereum-based altcoin. The analyst also revealed that he expects a surge of over 20% in the biggest memecoin, Dogecoin (DOGE).
Anonymous crypto analyst Bluntz stated that decentralized oracle network Chainlink (LINK), based on Ethereum, could reach a new local high after forming a bullish formation in the USD, Bitcoin (BTC), and Ethereum pairs. The analyst commented on the rise of LINK, saying, “There is now a clear breakout of a wedge/bull flag on LINK in all pairs. It’s been doing very well so far. We expect a new rise in all three pairs.”
Earlier this week, the analyst mentioned in the Chainlink analysis that the altcoin is one of the promising cryptocurrencies as a bullish formation begins to emerge. At the time of writing, Chainlink is trading at $7.57 with a 0.68% decrease in the last 24 hours. CoinMarketCap data shows that LINK has gained 6.49% against the USD in the last 7 days and 23% in the last 30 days.
The analyst who looked at Dogecoin after Chainlink stated that the leading memecoin is showing signs of a rise. By analyzing the price graph of DOGE shared by Bluntz, it can be seen that the leading memecoin is predicted to rise by at least 20% and reach $0.09.
Bluntz commented on Dogecoin, saying, “DOGE is looking good again. It broke the channel on the four-hour time frame and managed to hold above the resistance trendline that turned into a support trendline. This indicates its readiness to move upwards again on lower time frames.”
Price data shows that DOGE is currently trading at $0.07574 with a 0.59% increase in the last 24 hours. Furthermore, the data indicates that the memecoin has risen by 2.44% in the last 7 days and 16.65% in the last 30 days.