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Home»Analysis»Top Analyst Says Low-Cap Altcoin Up Over 478% in Three Months, Poised to Go Higher, Updates Outlook for Solana
Analysis

Top Analyst Says Low-Cap Altcoin Up Over 478% in Three Months, Poised to Go Higher, Updates Outlook for Solana

2024-01-27No Comments2 Mins Read
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A closely watched analyst believes that a low-cap altcoin that has risen nearly six times in the past three months is in for a big rise.

Pseudonymous analyst Bluntz tells his 238,000 followers on the social media platform

Bluntz shares a chart indicating that MOVR has completed an ABC correction wave and is poised to rise close to $40.

“I still love MOVR.

These setups are some of my all-time favorites when taking price ranges and both the high and low and shaking it out both ways.

This is going to pass on my opinion.”

Image
Source: Bluntz/X

Bluntz often uses Elliott Wave theory, a technical analysis approach that attempts to predict future price action by following the psychology of the crowd that often manifests itself in waves. According to the theory, a bullish asset tends to witness an ABC correction wave before the next wave arises.

MOVR is trading at $23.31 at the time of writing, up about 478% from the low of $4.03 reached on October 27 last year.

Bluntz also watches the price action of layer-1 blockchains Solana (SOL) and Sei (SEI). The analyst says SOL and SEI are his top tier 1 picks because both altcoins “look spectacular.”

Solana is trading at $93.26 at the time of writing, while Sei is worth $0.662.

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Altcoin Analyst Higher LowCap months Outlook poised Solana Top Updates
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