Elliott Wave analyst Bluntz gave positive signals that a new upward wave has begun in the cryptocurrency market. Drawing attention to the PYTH and BONK altcoins, especially with his analyses on social media, Bluntz suggested that there could be significant increases in the prices of these digital assets. The analyst's comments increased the interest in these two coins among investors.
Bluntz, PYTH$PYTH
He stated that the coin showed a "bull flag" formation on the charts, and that this was a sign of a possible rise. The analyst emphasized that PYTH, which is currently traded at $ 0.431, has the potential to move towards $ 0.50, and stated that the coin is progressing in a five-wave uptrend in line with the Elliott Wave theory. Bluntz, who added that the Solana ecosystem generally exhibits a positive outlook, predicted that PYTH will continue to rise from its current level. However, he warned that investors should take market volatility into account. He also noted that projects connected to the Solana ecosystem could benefit from this uptrend.
Bluntz, BONK$BONK
He stated that the token could also play an important role in market volatility. He said that this token, which attracted attention in the memecoin market, completed the ABC correction within the scope of the Elliott Wave theory. After a 46% pullback, he expressed his belief that BONK was preparing for a major rise. Bluntz, who stated that BONK, which is currently traded at $ 0.0000347, offers an attractive opportunity for investors, also reminded that memecoins often exhibit unpredictable movements and that caution should be exercised in such assets.
Bluntz’s statements indicate that PYTH and BONK may attract more investors in the coming period. However, it was emphasized that due to the volatile structure of the market, uncertainties should also be taken into account and investment strategies should be determined accordingly.