Bybit’s “Master Trader” sees meme coin mania reigniting, predicting fresh rallies for two popular digital assets.
Crypto circles are buzzing as pseudonymous trader Bluntz, boasting a hefty 324,600 followers on X, drops a bold prediction: Pudgy Penguins (PENGU) is poised for a 66% leap. Bluntz foresees a five-wave surge propelling the memecoin to new heights, and his followers are hanging on every tweet. Will the penguins waddle all the way to the moon? Only time will tell.
Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally.
Says the trader,
PENGU is soaring! After a week of dominance, the daily chart paints a clear picture: wave three is underway, and this bird is heading north.
Anticipate this to test prior all-time highs and potentially beyond over the next month or so.
Born during crypto winter, it never tasted a proper bull run. Immune to hype, it grew organically, resonating beyond the echo chamber. Now, as the market thaws, it’s finally poised to discover its true value. The sleeping giant has awoken.
Source: Bluntz/X
One glance at the trader’s chart, and you’d think PENGU is prepping for liftoff! He’s calling for a surge to $0.055. Currently, PENGU is chilling at $0.0327, but the chart hints at a coming thaw in its price.
Another memecoin on the trader’s radar is Bonk (BONK), which he thinks is following in the footsteps of PENGU.
“In the meme coin arena, two titans have shattered expectations: BONK and PENGU. Both have bulldozed through key resistance levels, signaling a potential bull run. But PENGU is currently blazing the trail, its momentum hinting at a trajectory that BONK could soon follow in the weeks ahead.”
I am long both of these coins.”
Source: Bluntz/X
One bold trader is betting big on BONK, forecasting a surge to $0.000043. Can this meme coin defy gravity? Currently priced at a cool $0.00003, BONK is either primed for liftoff or destined for a crash landing. Will this prediction become reality? Only time, and the volatile crypto market, will tell.
Beyond Bitcoin, a crucial indicator for the altcoin landscape is Bitcoin Dominance (BTC.D). Watching BTC.D is like reading the tea leaves for altcoin season – a rising BTC.D suggests Bitcoin is flexing its muscles, while a dip could signal a surge in altcoin value.
Bitcoin’s grip is loosening! Bluntz spots a bearish divergence on the dominance chart, signaling an altcoin eruption. Get ready for liftoff – alts are about to leave Bitcoin in the dust during this bull run.
A bearish divergence is a signal indicating waning momentum for an asset or index.
“BTC.D proper breaking down now, love to see it.”
Source: Bluntz/X
At time of writing, BTC.D is hovering at 63.73%. Check Price Action
Generated Image: Midjourney
Thanks for reading Analyst Predicts More Rallies for Two of the ‘Strongest’ Memecoins Hints at More Altcoin Explosions
