Crypto analyst Bluntz recently shared his optimistic expectations for Dogecoin $0.165004, Solana
$132, and Sui with his 287,700 followers on social media platform X. He indicates that Dogecoin continues to strengthen and predicts a significant rise in the short term. Bluntz’s comments draw the attention of traders, suggesting that these three altcoins may show robust performance in the market.
Expecting a 60% Increase in Dogecoin
Based on the four-hour chart analysis, Bluntz predicts that Dogecoin’s price could rise by 60% to reach $0.22. Currently trading at $0.138, Dogecoin has seen an increase of over 20% in the past two weeks. The analyst asserts that Dogecoin could emerge as a “mega big market leader” and further solidify its leadership position in the near future.
“Dogecoin is the new mega big market leader,” Bluntz stated, expressing that the popular meme coin could evolve from merely being a humorous element to becoming one of the pioneering assets in the market.
Solana and Sui Maintain Technical Strength
Bluntz notes that despite market downturns, Solana (SOL) has established a strong resistance level on daily charts, which it has not breached. Solana is currently priced around $166. The analyst believes maintaining this resistance could enhance investor confidence.
For Sui (SUI), Bluntz predicts that it could reach a new all-time high based on the Elliott Wave Theory, where the price is currently trading at $1.89. He anticipates that the price may rise by 48% to reach $2.80. According to this theory, the main trend progresses in five-wave movements, with corrections occurring in three-wave patterns.
Caution in the Crypto Market
Bluntz emphasizes that the positive outlook for Dogecoin, Solana, and Sui makes these assets attractive for investment, but he urges investors to proceed with caution. Given the volatile nature of the crypto markets, it is vital to remember the inherent risks associated with these bullish predictions.
In conclusion, while Bluntz’s assessments present an encouraging scenario for crypto investors, the market’s volatile characteristics should be acknowledged, and investment decisions must be made carefully.