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Cryptocurrency News Articles
Bluntz Offers Forecast on Dogecoin (DOGE), Sui (SUI), and Popcat (POPCAT) Amid Market Turmoil
Oct 18, 2024 at 05:15 pm
A widely followed analyst and trader is offering his forecast on three crypto assets. The analyst pseudonymously known as Bluntz tells his 283,900
Bluntz, a crypto analyst with a large following on social media, has provided his analysis and trading insights on Dogecoin (DOGE), Sui (SUI) and Popcat (POPCAT).
Bluntz is known for his technical analysis and his commentary on the crypto markets. He has a following of over 283,000 on the social media platform X, where he shares his insights and trading strategies with his followers.
Bluntz's analysis suggests that Dogecoin is nearing a breakout on the two-hour time frame following a brief correction. According to his chart, Dogecoin appears to have broken out of a descending trend line on the daily time frame and is now encountering resistance at around $0.132.
DOGE is trading at $0.122 at the time of writing.
Bluntz also highlights the strength shown by Sui, despite recent allegations that insiders sold around $400 million in SUI tokens. Sui Network has since denied these claims.
“Pretty incredible SUI strength in light of all the fear, uncertainty, doubt (FUD) this week. Just taking it on the chin with an all-time high retest.”
SUI is trading at $2.04 at the time of writing, roughly 13% below the all-time high of $2.35 on October 13th.
Bluntz concludes his analysis with a commentary on Popcat, a memecoin featuring the popular cat meme, which appears to be gearing up for a long trade opportunity.
“POPCAT getting real close to a biddable level, would like to see one more sweep though.”
Bluntz's chart on the four-hour time frame suggests that Popcat could potentially surge by at least 30% from the current level to hit a new all-time high of around $1.70.
POPCAT is trading at $1.30 at the time of writing.
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