Crypto Trader Bullish on Dogecoin, Solana, and Sui Updates

A prominent cryptocurrency analyst and trader is expressing optimism about one memecoin while sharing his outlook on two layer-1 altcoins.

The analyst, known by the pseudonym Bluntz, informs his 287,700 followers on the social media platform X that Dogecoin (DOGE) remains “incredibly strong.”

According to Bluntz’s chart on the four-hour time frame, it seems the analyst is indicating that Dogecoin could soar by nearly 60% to hit a price of $0.22.

At the time of writing, Dogecoin is trading at $0.138, showing an increase of over 20% in the last two weeks.

The well-known analyst adds,

“Dogecoin is emerging as the new mega large-cap market leader.”

“You may not fully realize it yet, but you will soon.”

Next on the list is Solana (SOL). Bluntz points out that despite recent bearish trends in the crypto market, Solana has only experienced a slight downturn and has not dipped below a crucial resistance level it recently surpassed on the daily time frame, which indicates its resilience.

“The likelihood of a fakeout is decreasing every day.”

Solana is currently trading at $166.

Lastly, Bluntz discusses Sui (SUI). The analyst, who frequently utilizes the Elliott Wave theory in his technical analysis, states that Sui may be on the verge of achieving a new all-time high in a five-wave pattern following a correction. According to the Elliott Wave theory, the price of an asset typically trends in a five-wave sequence while corrections occur in a three-wave sequence.

Bluntz’s chart suggests that Sui could reach a price of $2.80, representing an approximate 48% increase from its current value.

Sui is trading at $1.89 at the moment.

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