Top Trader Says Ethereum-Based Altcoin Primed To Surge by Over 230%, Updates Outlook on Solana and Dogecoin

Ethereum Technical Analysis: ETH Slips 4%, Traders Eye Critical Support With Caution

A widely followed cryptocurrency trader and analyst is expressing bullish sentiment on a top-50 altcoin that’s currently under the radar.

The trader pseudonymously known as Bluntz tells his 228,900 followers on the X social media platform that the native asset of the liquid staking solution Lido DAO (LDO) is “going to turbo send” and revisit the record high of $7.30 – an increase of approximately 230% from the current level.

According to Bluntz, LDO has managed to flip multiple resistance levels to support zones, an indication of bullish momentum.

“There’s only so many support-resistance flips we can do before it just marks up and leaves those prior highs in the dust.”

Source: Bluntz/X

At time of writing, LDO is trading at $2.16.

Turning to the smart contract protocol Solana (SOL), Bluntz says that the altcoin may be gearing up to print a new 2023 high after witnessing a deep corrective move yesterday.

“Liquidations in [the last] 48 hrs have been larger than any of the dips [during] the entire run-up.

Allocated into to spot just in case, no leverage for now.” 

Source: Bluntz/X

Looking at the trader’s chart, he seems to predict that Solana may rally all the way up to about $76. At time of writing, SOL is worth $57.33.

On the largest memecoin by market cap, the pseudonymous analyst says that Dogecoin (DOGE) has broken out of a multi-week consolidation range and looks poised for a big run-up.

“I have seen these range breaks lead to big moves on all sorts of coins all week.” 

Source: Bluntz/X

Based on the trader’s chart, he appears to predict that DOGE will rally close to $0.13.  At time of writing, DOGE is worth $0.084.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Top Trader Says Ethereum-Based Altcoin Primed To Surge by Over 230%, Updates Outlook on Solana and Dogecoin appeared first on The Daily Hodl.

Steve Beckford

Steve Beckford

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