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

07.11.2024 20:30 1 min. read Kosta Gushterov
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Top Crypto Trader Sees Upside Potential in This Solana-Based Altcoin

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.

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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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Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.

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