An anonymous cryptocurrency analyst and trader, known as Bluntz, is sharing his positive outlook on a memecoin and providing forecasts for two layer-1 altcoins.

Bluntz, who has a substantial following of 287,700 followers on X, believes that Dogecoin (DOGE) is still showing significant strength. Based on Bluntz’s chart analysis on the four-hour time frame, he suggests that Dogecoin could potentially surge by almost 60% to reach a price of $0.22. At the time of writing, Dogecoin is currently trading at $0.138, experiencing a growth of over 20% in the past two weeks.

The analyst goes on to claim that Dogecoin is the new market leader in the mega large cap category, stating that many people may not have realized it yet, but they will soon.

Moving on to Solana (SOL), Bluntz acknowledges the recent bearish sentiment in the crypto market but notes that Solana has only experienced a slight downward movement and has not dropped below a major resistance level that it recently surpassed on the daily time frame. This indicates that Solana is displaying strength and the likelihood of a fakeout is diminishing. As of now, Solana is trading at $166.

Bluntz also provides insights on Sui (SUI), applying the Elliott Wave theory in his technical analysis. According to Bluntz, Sui could be on the verge of reaching a new all-time high in a five-wave pattern following a correction. In the Elliott Wave theory, asset prices generally move in a five-wave pattern during the main trend, while corrections occur in a three-wave pattern. Bluntz’s chart suggests that Sui could potentially reach a price of $2.80, indicating a 48% increase from its current price of $1.89.

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