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.
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