Analyst and investor Bluntz, known in the crypto money markets, made important evaluations about the SPX6900 Altcoin in the Solana ecosystem. Bluntz said in a statement on the social media platform X, this asset can reach new record prices in a short time. The analyst’s views drew attention to the increase in the volatility of crypto markets.
SPX6900’s technical view
Bluntz said that the SPX6900 has completed the ABC correction in the eight -hour graph and that it may indicate a solid bottom level. Based on the Elliott Wave Theory, the analyst stressed that after such a correction, rise movements can often come. After the SPX6900 tested the highest level in the past, the withdrawal took place as ‘excellent’.
Bluntz: “Here, after the first testing of the previous highest level, an excellent retreat was observed. I expect new peaks to come in the next test. It gives a strong graphic impression that the market value is less than $ 1 billion.”
While the SPX6900 could reach $ 2,10 in the near term, the asset was traded for $ 1,47 at the time of the news. This price change reflected an increase of 17.5 percent in the last 24 hours.
Artificial Intelligence -oriented Altcoin: Ai16z
Analyst shared that it also has the expectation of an increase in the presence of Ai16z crypto with artificial intelligence. According to Bluntz, Ai16z Fibonacci reacted to a positive reaction at $ 0.16 from the withdrawal levels. Investors usually use Fibonacci vehicles to determine their purchase and sale levels.
BLUNTZ: “I acted a little early in Ai16z operations last week. However, a strong reaction was received from 0.78 fibonacci level. In this asset, five waves rise and then the ABC correction is clearly seen. I am waiting for new peaks over $ 0.45.”
The Ai16z presence is traded for $ 0.17 while the news is prepared, and this price represents a 7 percent increase compared to the last 24 hours.
Market and Investment Approaches
Although technical indicators and graphic formations come to the fore in the crypto analysis of experts, the volatility and risk level of the market always require attention. As with SPX6900 and Ai16z samples, expectations based on technical analyzes give an idea to investors, but it is recommended to consider multiple factors for financial decisions.
In analysis of crypto currencies, low market value can often indicate a higher price mobility potential. However, experts advise investors to conduct their own research and take into account the risks arising from sudden price changes.
Technical analysis methods in crypto currencies, such as elliott wave theory and fibonacci retracement tools are used by many investors to predict market movements. However, it is emphasized that each investor should perform his own risk analysis. Especially in new projects, price movements can change too fast, which can pose extra risk for inexperienced investors.
Technical analysis -based predictions in crypto markets continue to be remarkable among investors. The recent price mobility in Altcoins such as Solana -based SPX6900 and artificial intelligence -oriented Ai16z shows that the fluctuation in the markets continues. Although technical indicators signal investors about possible aspects, the uncertainty in the markets continues to be high. Investors are advised to not only depend on a single way of analysis while making their decisions and act by taking into account their risk profiles.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
