dailyhodl.com
A popular crypto strategist thinks that two scorching-hot memecoins are racing toward fresh all-time highs.
Pseudonymous analyst Bluntz tells his 260,500 followers on the social media platform X that Pepe ($PEPE) has more gas left in the tank even after its more than 140% surge this month.
The top trader shares a chart suggesting that $PEPE could soar to new record highs of $0.000028.
“Despite the all-time highs, I think $PEPE will continue to be the fastest horse for now.”
At time of writing, Pepe is worth $0.000016, indicating an upside potential of 75% if the memecoin hits Bluntz’s target.
Next up, the analyst is also bullish on fellow meme token Floki ($FLOKI).
“Getting pre-$PEPE all-time high vibes from $FLOKI.
The chart looking really nice in my opinion.”
Based on the trader’s chart, it appears that Bluntz is predicting a new all-time high of $0.00044 for $FLOKI. At time of writing, $FLOKI is trading at $0.000294.
The crypto strategist is also keeping a close watch on the top altcoin Ethereum in its Bitcoin pair ($ETH/$BTC). The trader sees $ETH/$BTC taking a dip below 0.052 $BTC ($3,553) before breaking out and rallying to 0.06 $BTC ($4,100).
“12 hour bearish divergence on $ETH/$BTC and a clear impulsive give-wave rise. Give shakeout dip before turbo send please.”
The trader practices the Elliott Wave theory, which states that a bullish asset tends to correct after a five-wave surge. Looking at the trader’s chart, he seems to suggest that $ETH/$BTC has already completed a five-wave rally and is primed for a leg down.
Bluntz’s reading is supported by a bearish divergence, a signal indicating that the pair is losing momentum despite its recent move up.
At time of writing, $ETH/$BTC is trading at 0.05625 $BTC ($3,842).
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