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Reading: Dogecoin, Solana and Sui! Strong Rise Expectation from Analyst!
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EdaFace Newsfeed > Latest News > Altcoin News > Dogecoin, Solana and Sui! Strong Rise Expectation from Analyst!
Altcoin News

Dogecoin, Solana and Sui! Strong Rise Expectation from Analyst!

vitalclick
Last updated: October 25, 2024 8:10 am
4 months ago
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Contents
60 Percent Increase Expected in DogecoinSolana and Sui Maintain Their Technical StrengthA Call to Be Careful in the Crypto Market

Cryptocurrency analyst and investor Bluntz shared Dogecoin with his 287,700 followers on social media platform X. $0.137487shared his positive expectations about Solana and Sui. The analyst predicts a significant rise in the short term, especially stating that Dogecoin continues to strengthen. Bluntz’s comments point out that these three altcoins can perform strongly in the market, while attracting the attention of investors.

60 Percent Increase Expected in Dogecoin

Based on Dogecoin’s charts on the four-hour time frame, Bluntz suggested that the price could rise 60% to $0.22. Currently trading at $0.138, Dogecoin is up more than 20% in the past two weeks. The analyst argues that Dogecoin could become a “mega-cap market leader” and will further consolidate its market leadership in the near future.

“Dogecoin is the new mega-cap market leader,” said Bluntz, adding that the popular memecoin could become one of the leading assets of the market rather than just a source of humor.

Solana and Sui Maintain Their Technical Strength

Bluntz stated that Solana (SOL) has formed a strong resistance level on the daily charts and has not fallen below this level despite the declines in the crypto market. Solana’s current price is around $166. The analyst points out that maintaining this resistance may increase investor confidence.

As for Sui (SUI), Bluntz predicts that it may reach a new all-time high in a five-wave pattern, based on Elliott Wave Theory. While Sui is currently trading at $1.89, Bluntz thinks the price could rise 48% to $2.80. According to this theory, corrections occur in a three-wave pattern while the main trend continues in five-wave movements.

“The possibility of a fake breakout is decreasing day by day,” said Bluntz, pointing out Solana’s success in maintaining resistance levels, and stated that Sui also has the potential to reach new peaks.

A Call to Be Careful in the Crypto Market

While Bluntz states that the positive outlook in Dogecoin, Solana and Sui makes these assets attractive for investment, he also advises investors to be careful. Considering the volatile structure of crypto markets, it should not be forgotten that these bullish predictions carry risks.

In conclusion, while Bluntz’s assessments paint a promising picture for crypto investors, the volatile nature of the market should be taken into account and investment decisions should be made carefully.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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