Solana Memecoin About To ‘Blast Through’ All-Time Highs, According to Veteran Crypto Trader
A widely followed cryptocurrency analyst and trader predicts that one Solana (SOL)-based memecoin is on the verge of printing new all-time highs. The analyst, pseudonymously known as Bluntz, tells his 320,800 followers on the social media platform X that memecoin SPX6900 (SPX) appears to have completed an ABC correction on the eight-hour chart, suggesting that the coin has printed a durable bottom. Bluntz practices the Elliott Wave theory, which states that an asset is primed to ignite rallies after completing an ABC correction. “Perfect SPX pullback here after testing prior all-time high for the first time, the next test blasts through in my opinion, still one of the best charts [with a] less than $1billy (billion) market cap in my opinion.” Source: Bluntz/X Looking at his chart, the trader suggests SPX increase to $2.10. SPX is trading for $1.47 at time of writing, up 17.5% in the last 24 hours. The analyst is also bullish on the artificial intel...