The cryptocurrency market continues to maintain its strength even if it loses altitude from time to time. The leading crypto Bitcoin made a new move towards 100 thousand dollars. In the altcoin market, some altcoins such as XRP Coin attract attention. Some tokens also have strong technicals. A crypto analyst with a large following is bullish on a meme coin. The analyst also expects a clean run from a Solana-based altcoin.
The analyst predicts a strong move for this meme coin!
As you have been following on Kriptokoin.com, the market is in good spirits. We are witnessing explosive movements in the meme coin space. The popular analyst, nicknamed Bluntz, says that the meme coin Pepe (PEPE) is on the verge of a breakout after a correction of nearly 30% from its all-time high reached earlier this month. According to his chart, the analyst predicts that PEPE will rise about 60% from the current level. Thus, he predicts that it will reach its all-time high again. Meanwhile, PEPE was trading at $0.00002016 at the time of writing. Although the meme coin is up 3.25% on the daily chart, it is still in the red zone on the weekly chart.
Bluntz says JUP is also on the ATH path!
After PEPE, the analyst looks to Solana-based altcoin project Jupiter (JUP). Bluntz says that JUP is poised to rise at least 72% from its current level. At the time of writing, JUP was trading at $1.15. That’s about 42% below the all-time high of $2.00 it reached in January. However, the token managed to gain about 6% on its daily chart. Here’s what the analyst has to say about the JUP forecast:
Despite being up 100% from the lows, JUP seems to have been accumulating for six months and the real appreciation phase hasn’t even started yet. No doubt, I think it will see all-time highs before this cycle is complete.
Did the leading cryptocurrency break out of its bearish trajectory?
Finally, the analyst discusses the leading cryptocurrency Bitcoin (BTC). According to Bluntz, Bitcoin appears to be on the rise after recovering from “most of the downside movement” that occurred earlier this week, which caused BTC to pull back by around 10% from just below its all-time high of $100,000. According to Bluntz, with Bitcoin’s price rebounding, many altcoins “will lose value sharply this week.
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