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.
Ethereum (ETH) has climbed 1.8% in the past 24 hours, reaching $2,987 on July 13, as strong technical momentum, ETF inflows, and forced short liquidations contribute to the upward move.
The altcoin market is heating up fast — and some crypto analysts say we may be entering a full-blown “Banana Zone” similar to the explosive rally of 2020–2021.
Cardano (ADA) climbed 3.8% over the past 24 hours, reaching $0.736, as a combination of technical breakout, Bitcoin momentum, and a high-profile treasury move from Input Output Global (IOG) fueled bullish sentiment.
As the crypto market enters a new phase of bullish momentum, altcoins are stealing the spotlight.