Famous analyst Bluntz drew attention with his comment on the Solana-based meme coin while predicting new highs for Chainlink (LINK) and Near Protocol (NEAR).
An analyst known by the nickname “Master Trader” on the Bybit platform stated that an altcoin operating on the Ethereum (ETH) network is ready to reach new heights.
Speaking to his 301,800 followers on X, analyst Bluntz said he is predicting a five-wave rally for Chainlink (LINK) based on the Elliott Wave Theory, which suggests that assets often experience a five-wave rally during strong uptrends.
“Just take one look at LINK/BTC and you’ll realize it’s still in its early stages. After lagging behind many assets throughout most of the bull market, LINK now appears to be on the cusp of a rapid recovery,” Bluntz said.
He also predicted that Chainlink could reach a new high of $70. As of now, LINK is valued at $24.44.
Bluntz also paints an optimistic picture for Ethereum rival Near Protocol (NEAR). Noting that NEAR has broken through a key resistance level against Bitcoin (NEAR/BTC), the analyst said, “The NEAR/BTC pair has finally broken through.” NEAR is currently trading at $7.42.
Finally, Bluntz also commented on the Solana (SOL)-based meme token Dogwifhat (WIF), stating that this token could outperform the general meme market. He emphasized that WIF has been forming a base for more than six months and is showing bullish signals according to some technical indicators.
Stay tuned.