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.”
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.”
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.”
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Author: Mark Emem
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