Analysis

Top Analyst Says Low-Cap Altcoin That’s Up 478%+ in Three Months Primed To Go Higher, Updates Outlook on Solana

A carefully adopted analyst believes that one low-cap altcoin that has rallied by practically 6x within the final three months is due for a giant leg up.

Pseudonymous analyst Bluntz tells his 238,000 followers on the social media platform X that he’s keeping track of Moonriver (MOVR), an Ethereum (ETH)-compatible parachain constructed on Kusama (KSM)

Bluntz shares a chart that means MOVR has accomplished an ABC corrective wave and is primed to rally near $40.

“Nonetheless like MOVR.

These setups are a few of my all-time favourite, when value ranges and each the excessive after which low get taken shaking out either side.

That is going to ship in my view.”

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Supply: Bluntz/X

Bluntz generally makes use of the Elliott Wave principle, a technical evaluation method that makes an attempt to foretell future value motion by following crowd psychology that tends to manifest in waves. In line with the speculation, a bullish asset tends to witness an ABC corrective wave earlier than igniting the subsequent surge.

MOVR is buying and selling at $23.31 at time of writing, up round 478% from the low of $4.03 reached on October twenty seventh final 12 months.

Bluntz can be watching the value motion of layer-1 blockchains Solana (SOL) and Sei (SEI). The analyst says that SOL and SEI are his high layer-1 picks as each altcoins “look spectacular.”

Solana is buying and selling at $93.26 at time of writing whereas Sei is price $0.662.

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