Top Crypto Trader Sees Upside Potential in This Solana-Based Altcoin

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Cryptodnes2024/11/07 23:33

By:Cryptodnes

A popular crypto trader, Bluntz, recently shared a bullish outlook on a lesser-known altcoin built on the Solana blockchain.

He noted that the asset has dropped around 53% from its all-time high reached in late September, which he believes could present an attractive entry point.

Bluntz pointed to signs of bullish divergence on the four-hour chart, where price lows are not matched by lows on the Relative Strength Index (RSI), suggesting possible upward momentum.

Currently trading at $0.161, the altcoin has seen a 10.38x increase since hitting its low of $0.0155 on September 20.

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With a market cap of roughly $150 million after a significant pullback, Bluntz sees value, calling it “cheap” at current levels.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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