Bluntz, a cryptocurrency analyst, predicted an upward trend for a meme coin called PONKE on the Solana (SOL) blockchain and also painted a potential bullish scenario for Bitcoin (BTC).

Bluntz stated that the upper limit of PONKE's ascending channel has turned into a support level and if this support continues, the price may rise further. This prediction, based on technical analysis, highlights important patterns and support levels that could shape PONKE's future price movements.

Regarding PONKE's performance, Bluntz highlighted an extraordinary 7,238% increase from $0.00928 on January 3 to the current level of $0.6744. Stating that this increase attracted the attention of the crypto community, the analyst predicts that PONKE can show a significant performance on the Solana blockchain if the support level is maintained.

For Bitcoin, Bluntz draws a different scenario by applying the Elliott Wave theory. He states that Bitcoin's three-wave correction movement is nearing its end and may be preparing for a potential uptrend. Elliott Wave theory suggests that market trends are shaped by five-wave moves followed by three-wave corrections. According to Bluntz, Bitcoin is about to complete the correction phase within this major five-wave structure and a rise below the $70,000 level may be possible.

In line with Bluntz's recommendations and analysis, PONKE's support levels and Bitcoin's potential entry points should be closely monitored. Additionally, assessing the effects of US Dollar Index (DXY) fluctuations on cryptocurrency markets and tracking global economic decisions may also be important for crypto investors.

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