A broadly adopted crypto analyst says that one Solana (SOL)-based altcoin that has already seen large positive factors seems to be poised to skyrocket additional whereas updating his outlook on two different common memecoins.
In a brand new technique session, pseudonymous crypto dealer Bluntz tells his 325,100 followers on the social media platform X that the native asset of the Pudgy Penguins (PENGU) non-fungible token (NFT) assortment seems able to spark a rally regardless of already gaining 300% this month.
“Good 18% dip right here on PENGU, that must be greater than sufficient in a powerful uptrend like this. Ought to begin pushing into recent highs once more from round right here [in my opinion].”
The dealer’s chart signifies that PENGU may rise to $0.038 through the subsequent few days. The digital asset is buying and selling for $0.0309 at time of writing, a 7.7% lower on the day. On July sixteenth, PENGU reached its weekly excessive of $0.034, a 68% achieve from its seven-day low of $0.0184.
Based on the dealer, PENGU looks like a “silent underperformer” because it has been the strongest meme asset over the last two weeks.
“Seeing PENGU up 143% in two weeks, has additionally been the perfect performing massive cap meme (over 1 $billion market cap), I’d suppose extra individuals can be speaking about it. Possibly it’s my very own echo bubble however looks like a silent outperformer.”
Shifting on to the dog-themed meme asset Floki (FLOKI), Bluntz says that it has extra room to develop earlier than breaking its resistance degree round $0.000123.
“Good strikes on Floki to this point however nonetheless loads of juice left within the tank. Breaking that $0.000123 resistance is inevitable [in my opinion].”
It seems that Bluntz’s prediction got here true as FLOKI is buying and selling for $0.000142 at time of writing, a 29% improve on the day.
Concluding his evaluation with Bonk (BONK), one other SOL-based memecoin, Bluntz says it seems as if it has way more room to develop regardless of rising 96% for the reason that starting of July.
“Nicely that was fast. BONK already +96%, and nonetheless wanting prefer it has a lot increased to go.”
BONK is buying and selling for $0.000036 at time of writing, a 4.9% improve on the day.
Observe us on X, Facebook and Telegram
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Examine Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Every day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses you could incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in internet online affiliate marketing.
Generated Picture: DALLE3
