Analyst Predicts Parabolic Rally for One Memecoin, Says Altcoin in Prime Position for ‘Turbo Green’ Week

A crypto strategist with the rank of “Grasp Dealer” on the crypto change Bybit says {that a} Solana (SOL)-based memecoin seems poised to have a robust week regardless of the newest correction.

Pseudonymous analyst Bluntz tells his 278,100 followers on the social media platform

Bluntz is a well-liked practitioner of the Elliott Wave concept, which states {that a} bullish asset tends to witness a five-wave rally.

The dealer shares a chart indicating that BONK will rise to $0.000033.

“A fast post-weekly dip right here, which is right, BONK is in an ideal place for a turbo inexperienced week, in my view.

A parabola quickly.”

On the time of writing, BONK is buying and selling at $0.000024, up from a 24-hour low of round $0.0000216.

The dealer additionally shares a chart evaluating BONK’s value efficiency with fellow memecoin Pepe (PEPE). In response to Bluntz, BONK seems poised to outperform PEPE after a bullish higher-low setup.

“It seems that the management torch is being handed from PEPE to BONK.

Larger lows are positioned on the bonk/pepe chart.”

As for PEPE, the dealer thinks the newest dip units the memecoin up for the subsequent transfer.

“I nonetheless assume this PEPE dip is a wave 4 and an absolute present to the sidelined brothers.

Urgently, violently larger.”

Based mostly on the dealer’s chart, he seems to be predicting that PEPE will rise to $0.000013 earlier than concluding a small five-wave rally.

On the time of writing, PEPE is price $0.00001.

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Generated picture: Midjourney