Known for his cryptocurrency analysis, Bluntz stated that he expects an increase in PEPE memecoin and SEI tokens, which are rivals to Solana. The analyst stated on his social media account that PEPE and SEI are among the leaders of the market by breaking positive reversal formations. Bluntz said that many altcoins have entered a strong accumulation phase, which makes it difficult to establish a bear trend in the market.
Technical Formation in SEI Token
Bluntz suggested that the SEI token is breaking out of a bottom formation and is on the rise. This technical formation shows that investors are accumulating the asset without a price drop, which is a positive reversal signal. SEI is reportedly trading at $0.30 at the time of writing, down 1.44% on the day.
Bullish Expectations for PEPE
It was stated that the PEPE memecoin also broke out of the inverse head and shoulders formation and started to rise. This shows that the asset has come to the end of an ABC corrective wave and is preparing for an increase. It was stated that PEPE was worth $0.0000078 at the time of writing and has fallen by 1.2% in the last 24 hours.
Bitcoin and Market Expectations
Bluntz, Bitcoin $60,106He believes that the Federal Reserve could also start a rally soon. The increase in liquidity injections from the Federal Reserve is said to be a positive signal for Bitcoin and other cryptocurrencies. The analyst had previously predicted that Bitcoin could reach a new peak of $100,000. At the time of writing, Bitcoin was trading at $60,200.
Bluntz’s analysis suggests that SEI and PEPE tokens could show positive market movements. Increased liquidity in the cryptocurrency market could create a positive atmosphere, especially for major assets like Bitcoin. For investors, this could mean potential earnings opportunities in risky assets. However, it is important to remember that such investments always carry risks, so a careful and conscious approach should be taken.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
