Analyst Predicts Explosive Breakout for Top 20 Altcoin
A well-known cryptocurrency analyst and trader, operating under the pseudonym Bluntz, has recently made a bold prediction regarding a top 20 altcoin. Bluntz, who boasts a following of 304,200 users on the social media platform X, believes that Chainlink (LINK), an Ethereum-based decentralized oracle, is poised for a significant surge in the near future.
Utilizing the Elliott Wave theory, which emphasizes the potential for increased rallies following an ABC wave pullback, Bluntz has identified a potential breakout pattern for Chainlink. He recently shared with his followers on X, “LINK continues to look strong here against USD and BTC pair. Working real hard on the range breakdown reclaim, I think this will be at least 50% higher in the next week or two.”
Bluntz also highlighted the recent market correction as a potential buying opportunity for Chainlink, stating, “There are some good setups now on these mega flushes. LINK is one of them.”
Currently trading at $23.65, Chainlink has seen a 12.2% increase in the last 24 hours, reflecting growing investor interest and potential for further gains.
Bluntz also turned his attention to Pepe (PEPE), another altcoin, suggesting that it is primed for an explosive rally. After a retest of the lower bound of a trading range on the hourly chart, Bluntz commented, “PEPE held like a champ but still managed to fake out both sides of the range. These setups f**k everyone, bulls and bears, but with the lows taken I think this mega sends.”
With PEPE currently trading at $0.00002495 and showing a 6.4% gain in the last 24 hours, the altcoin market appears to be heating up with potential opportunities for traders and investors.
Looking ahead, Bluntz predicts a broader crypto market rally following this week’s sudden dip, suggesting, “Nothing like a good liquidation to fuel the next parabolic leg higher.”
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