There’s a chap on the crypto exchange Bybit, who has earned the illustrious title of “Master Trader,” and he’s got a rather rosy outlook for two of the most whimsical memecoins in the digital realm. 🦊💰
Pseudonymous trader Bluntz, a man of mystery with a following of 324,600 on the social media platform X, has his eyes set on the Pudgy Penguins (PENGU) and is predicting a rise of about 66% from current levels. This, he assures us, is all part of a grand five-wave surge, as dictated by the Elliott Wave theory. 🌊
Bluntz, ever the optimist, declares:
“PENGU has been a standout leader over the last week, now looking like it’s in quite an obvious wave three to the upside here on the daily. Anticipate this to test prior all-time highs and potentially beyond over the next month or so. Has insane normie appeal and basically launched in a meme bear market, so it never had a proper price discovery run, but I think its time has come.”
According to Bluntz’s chart, PENGU is poised to soar to $0.055, a far cry from its current value of $0.0327. If this prediction holds, it will be a sight to behold, like a penguin doing the moonwalk. 🚀🐧
But wait, there’s more! Another memecoin on Bluntz’s radar is Bonk (BONK), which he believes is following in PENGU’s footsteps. 🐶🚀
“From all the major memes, BONK and PENGU are two of the strongest that have taken out their major may high resistances already. Fortunately, PENGU is leading and showing the way for BONK over the coming weeks. I am long both of these coins.”
Bluntz predicts that BONK will soar to $0.000043, a significant leap from its current trading price of $0.00003. If this comes to pass, it will be a bonanza for BONK holders, or as they like to call themselves, the Bonk Brigade. 🛹💰
But what about the broader altcoin market? Bluntz is keeping a keen eye on the Bitcoin Dominance (BTC.D) chart, which tracks the percentage of the crypto market cap that belongs to the mighty BTC. 📈
He hints that the bearish divergence on the Bitcoin dominance chart is now playing out, suggesting that altcoins are poised to rise faster than BTC in the current bullish environment. A bearish divergence, for the uninitiated, is a signal indicating waning momentum for an asset or index. 📉
Bluntz, ever the enthusiast, adds:
“BTC.D proper breaking down now, love to see it.”
At the time of writing, BTC.D is hovering at 63.73%, a figure that could spell good news for altcoin enthusiasts. 🎉
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2025-07-16 17:42