A large-scale cryptocurrency analyst and trader predicts that one on Solana (SOL) is about to press new all-time highlights.
The analyst, pseudonym known as Bluntz, tells Are 320,800 followers on the social media platform X that Memecoin SPX6900 (SPX) seems to have completed an ABC correction on the eight-hour graph, which suggests that the coin has printed a sustainable soil.
Bluntz practices the Elliott golf theory, which states that an active is being prepared to ignite rallies after completing an ABC correction.
“Perfect SPX recovery here after testing earlier of all time for the first time, the next test shoots in my opinion, still one of the best charts [with a] In my opinion less than $ 1 Billy (billion) market capitalization. “
Looking at his graph, the trader proposes to increase SPX to $ 2.10.
SPX acts for $ 1.47 at the time of writing, an increase of 17.5% in the last 24 hours.
The analyst is also bullish about the artificial intelligence (AI) -oriented crypto project AI16Z (AI16Z). According to Bluntz, the Altcoin to appear To introduce an upward trend after a retest of the Fibonacci retracement level at $ 0.16.
Traders use the Fibonacci Retracement Tool to recognize potential input and starting points based on the Fibonacci ratio.
“Lange AI16Z here was one leg here again the other week, but looked like a strong reaction of the 0.78 FIB here and still looks like a clear five and subsequent ABC correction. Expected highlights above $ 0.45.”
AI16Z acts for $ 0.17 at the time of writing, an increase of 7% in the last 24 hours.
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Generated image: midjourney