Analyst Bluntz, known for his accurate predictions in the cryptocurrency market, shared his views on two altcoins preparing for a new uptrend. The analyst has positive expectations for Saga (SAGA) and Simon’s Cat (CAT).
SAGA Technical Outlook Strong
Bluntz told his followers on social media platform X that the Layer-1 project SAGA was preparing for a potential rise. The analyst stated that SAGA had completed the inverse head and shoulders (TOBO) formation, which usually indicates a trend reversal. In his analysis, the analyst said, “SAGA has one of the best structures among mid-cap coins with a market cap of $ 200 million and has not yet made its first major rise. There was a voluminous TOBO bottom breakout. In my opinion, it can easily be folded.”
Currently, SAGA is trading at $2.46 and its market cap is over $251 million. According to the analyst, SAGA’s technical indicators and volume movements are creating a favorable environment for an uptrend.
Ambitious Prediction for CAT
Bluntz also shared optimistic thoughts about Simon’s Cat (CAT), a BNB Chain-based memecoin. The analyst predicts that CAT will be the most successful cat-themed coin in this bull cycle and its market cap could reach $1 billion:
Everyone thinks that the winner of this cycle will be POPCAT, but I disagree, I think it will be CAT. Simon’s Cat is widely known to the general public and the chart is preparing for a major channel breakout in my opinion. CAT is destined to reach $1 billion.
At the time of writing, CAT is trading at $0.000042 and has a market cap of $285 million. According to Bluntz, CAT has significant upside potential and could attract the attention of investors.
While the analyst has positive expectations for both coins, the volatile nature of the cryptocurrency market should be taken into account. It is important for investors to carefully evaluate market conditions and fundamental analysis of the projects.
New and promising projects like SAGA and CAT are generating interest in the cryptocurrency world. Comments from experienced analysts can provide investors with different perspectives and help in their decision-making process.
Investors are advised to conduct their own research and take care to manage risk before investing in such assets. While expert opinions are valuable, each investor must make decisions that are consistent with their own financial goals and risk tolerance.
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.
