A top cryptocurrency analyst and trader expresses optimistic sentiment about the native token of a major smart contract blockchain.
The analyst pseudonymously known as Bluntz tells are 223,700 Twitter followers that the interoperable blockchain Cosmos (ATOM), which is trading close to 2023 lows, could double in value.
According to Bluntz, ATOM is in a bullish ascending channel and has recently completed a three-wave corrective pattern, suggesting a new uptrend is in sight.
“I’ve been hunting some altcoins that look great and haven’t run as fast as some of the others and my friend pointed out ATOM.
Nice weekly structure, nice clean movement with three waves down, another potential 100% mover in my opinion.
ATOM is trading at USD 10.02 at time of writing, down more than 3% over the past day.
On crypto assets that have outperformed relatively, the pseudonymous analyst say Ethereum competitor Solana (SOL) is on the list.
“SOL was one of the best performers of all majors this month.”
Less than a month ago, Bluntz predicted that Solana had the potential to double in price after completing a three-wave correction pattern.
“One of the altcoins I like here is SOL.
Solid strong response from a major support level, clean three wave down movement on high time frames.
I think this has 100% potential, and I rarely call sh*t like that.
Solana is trading at $27.86 at the time of writing, down nearly 6% in the past 24 hours.
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Image generated: Midway through the journey
