Crypto analyst and trader Bluntz shared his positive expectations about the Solana ecosystem’s blockchain oracle service Pyth Network (PYTH). Bluntz, who has 290,400 followers, stated that PYTH is ready for a strong rise.
Bluntz emphasized that PYTH’s current price is just below an important resistance level. According to the analyst’s statement, the upward momentum may accelerate once this level is exceeded. PYTH is currently trading at $0.399.
Bluntz, in his post, said, “A big bullish candle is coming in PYTH. After a three-month accumulation period, a truly powerful formation was formed. It is currently pushing the $0.50 resistance zone; “Once this level is passed, the future is clear.” he said.
Bullish Forecast for Bitcoin
Bluntz, Bitcoin $69,491He also sees a positive atmosphere in . Using Elliott Wave Theory, he suggested that Bitcoin could continue to rise again after a brief correction. The analyst thinks that Bitcoin could make a new peak, reaching around $80,000, especially in early November. Bluntz added that he expects election-related volatility to increase during this period: “I see fears of election-related volatility increasing. However, this fluctuation will come from higher levels.”
Expectations for Dogecoin
Bluntz, Dogecoin $0.158696He stated that has been in an accumulation process for a long time and may continue to gain value. According to the analyst, although those who bought at lower levels tend to sell early in this process, DOGE still has significant upside potential. “Many people bought DOGE at these low levels, but they tend to sell early. This situation is the result of an accumulation of 874 days. “You must be patient and keep your faith.” he said.
Bluntz also stated that Solana has started to attract renewed interest and PYTH is following this move closely. The analyst warned investors against possible fluctuations in the markets during the election period. Such analyzes provide valuable information for investors who want to predict market movements with technical data.
Bluntz’s evaluations provide clues about the future performance of projects in the Solana ecosystem and major players in the crypto market. The rising potential of PYTH, the possible price increase of Bitcoin supported by technical analysis, and the expected value gain of Dogecoin after a long accumulation process present important opportunities for crypto investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.