Analysis

Top Trader Says Ethereum-Based Altcoin Primed To Surge by Over 230%, Updates Outlook on Solana and Dogecoin

A broadly adopted cryptocurrency dealer and analyst is expressing bullish sentiment on a top-50 altcoin that’s at the moment underneath the radar.

The dealer pseudonymously often called Bluntz tells his 228,900 followers on the X social media platform that the native asset of the liquid staking resolution Lido DAO (LDO) is “going to turbo ship” and revisit the report excessive of $7.30 – a rise of roughly 230% from the present stage.

In response to Bluntz, LDO has managed to flip a number of resistance ranges to assist zones, a sign of bullish momentum.

“There’s solely so many support-resistance flips we are able to do earlier than it simply marks up and leaves these prior highs within the mud.”

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Supply: Bluntz/X

At time of writing, LDO is buying and selling at $2.16.

Turning to the sensible contract protocol Solana (SOL), Bluntz says that the altcoin could also be gearing as much as print a brand new 2023 excessive after witnessing a deep corrective transfer yesterday.

“Liquidations in [the last] 48 hrs have been bigger than any of the dips [during] the complete run-up.

Allotted into to identify simply in case, no leverage for now.” 

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Supply: Bluntz/X

Wanting on the dealer’s chart, he appears to foretell that Solana could rally all the way in which as much as about $76. At time of writing, SOL is value $57.33.

On the biggest memecoin by market cap, the pseudonymous analyst says that Dogecoin (DOGE) has damaged out of a multi-week consolidation vary and appears poised for a giant run-up.

“I’ve seen these vary breaks result in large strikes on all kinds of cash all week.” 

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Supply: Bluntz/X

Primarily based on the dealer’s chart, he seems to foretell that DOGE will rally near $0.13.  At time of writing, DOGE is value $0.084.

See also  Bitcoin and Altcoins Gearing Up for Bounce Higher, According to Crypto Trader – Here’s His Market Outlook

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