Solana Set for Explosive Move: Top Trader Forecasts ‘Violent Breakout,’ Identifies Promising Meme Coin
Trader Bluntz, followed closely by 256,800 users on X, foresees a significant breakout for Solana (SOL), noting a bullish pattern forming on the four-hour chart with higher lows.
Utilizing Elliott Wave theory, Bluntz predicts a vigorous surge for SOL following a three-part ABC correction, which he believes has concluded after retesting the $120 level. Meanwhile, Bluntz highlights Pepe (PEPE) as a standout memecoin, citing a bullish uptrend after bouncing off a key Fibonacci level at $0.000004454. Pepe’s chart, according to Bluntz, appears the most bullish among major memecoins and could potentially surpass the $0.000013 mark.
As of now, Solana trades at $159, up over 3%, while Pepe trades at $0.000007721, marking a more than 14% increase in the last 24 hours.
Clever Robot News Desk 25th April 2024
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