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A widely followed cryptocurrency trader is warning that one low-cap memecoin built on the Solana (SOL) blockchain may abruptly witness a bearish reversal. Pseudonymous trader Bluntz tells his 286,900 followers on the social media platform X that the hippopotamus-themed memecoin Moo Deng (MOODENG) looks to be in the midst of an ABC corrective move after briefly shattering the $0.30 level. Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness rallies after completing an ABC move down. According to the analyst, MOODENG moved too high too fast it needs a significant correction before the next leg up. “Could be wishful thinking but I’d love to see a pullback here on Moo Deng into white box to add. Starting to get a wee bit too parabolic for my liking.” Source: Bluntz/X Moo Deng hit a high of $0.335 on November 8th, up more than 2,000% from $0.0154 on September 20th. Next up, the analyst believes that memecoin ...

A widely followed cryptocurrency analyst and trader is leaning bullish on one memecoin while giving his forecast on two layer-1 altcoins. The analyst pseudonymously known as Bluntz tells his 287,700 followers on the social media platform X that Dogecoin (DOGE) is “still turbo strong.” Based on Bluntz’s chart on the four-hour time frame, it appears that the pseudonymous analyst is suggesting that Dogecoin could skyrocket by nearly 60% to reach a price of $0.22. Source: Bluntz/X At time of writing Dogecoin is trading at $0.138, up by over 20% in the past two weeks. The widely followed analyst further says, “Dogecoin is the new mega large cap market leader. You may not have realized it just yet but you will soon.” Next up is Solana (SOL). Bluntz says that despite recent bearish sentiment in the crypto market, Solana only moved slightly downwards and did not fall below a major resistance level that it recently overcame on the daily time frame, an indi...