One memecoin has caught the attention of a well-known cryptocurrency analyst and trader, who is expressing a bullish outlook. Going by the pseudonym Bluntz, the analyst has a large following of 287,700 on the social media platform X. Bluntz believes that Dogecoin (DOGE) is still showing incredible strength and could potentially see a massive surge of almost 60%, pushing its price to $0.22.

Currently, Dogecoin is trading at $0.138, marking a 20% increase over the past two weeks. Bluntz goes on to emphasize that Dogecoin is becoming a dominant player in the market, stating, “Dogecoin is the new mega large cap market leader. You may not have realized it just yet, but you will soon.”

Moving on to other altcoins, Bluntz discusses Solana (SOL), noting its resilience despite bearish market sentiment. He points out that Solana has only experienced a slight decline and has managed to stay above a significant resistance level on the daily chart. Bluntz believes that this is a strong sign of Solana’s potential for growth, stating, “Chance of fakeout diminishing by the day.” At the time of writing, Solana is trading at $166.

Lastly, Bluntz focuses on Sui (SUI), applying the Elliott Wave theory in his analysis. He suggests that Sui might be on the verge of reaching a new all-time high, following a correction in a five-wave pattern. According to the Elliott Wave theory, assets typically move in a five-wave pattern during the main trend, while corrections occur in a three-wave pattern. Bluntz’s chart indicates that Sui could potentially reach a price of $2.80, representing a 48% increase from its current price of $1.89.

In conclusion, Bluntz’s analysis presents a positive outlook for Dogecoin, Solana, and Sui. However, readers are advised to conduct their own research and exercise caution when investing in high-risk assets such as Bitcoin, cryptocurrency, or digital assets. The Daily Hodl does not provide investment advice and participation in affiliate marketing.