dailyhodl.com
A top cryptocurrency analyst and trader is expressing bullish sentiment on the native token of a major smart contract blockchain.
The analyst pseudonymously known as Bluntz tells his 223,700 Twitter followers that interoperable blockchain Cosmos (ATOM), which is trading close to its 2023 lows, could double in value.
According to Bluntz, ATOM is in a bullish ascending channel and recently completed a three-wave corrective pattern, suggesting that a new uptrend is in sight.
“I’ve been hunting some altcoins that look amazing that haven’t run as hard as some others and my homie pointed out ATOM.
Beautiful weekly structure, nice clean three-wave move down, another potential 100% mover in my opinion.”
ATOM is trading at $10.02 at time of writing, an over 3% decline the past day.
On crypto assets that have performed relatively better, the pseudonymous analyst says Ethereum competitor Solana (SOL) is on the list.
“SOL has been one of the best performers of all majors this month.”
Less than a month ago, Bluntz predicted that Solana had the potential to double in price after completing a three-wave corrective pattern.
“One of the altcoins I’m liking here is SOL.
Solid strong reaction from a major support level, clean three-wave move down on high timeframes.
I think this has potential for 100% upside, and I rarely call sh*t like that.”
Solana is trading at $27.86 at time of writing, down nearly 6% in the last 24 hours.
Generated Image: Midjourney