Top Crypto Trader Sees Upside Potential in This Solana-Based Altcoin
07.11.2024 20:30 1 min. read Kostadin Dimitrov
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.
With a market cap of roughly $150 million after a significant pullback, Bluntz sees value, calling it “cheap” at current levels.
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