Analyst Says Solana-Based Altcoin That’s Exploded 300% in a Month Primed To Go Higher, Updates Outlook on FLOKI and BONK
A widely followed crypto analyst says that one Solana (SOL)-based altcoin that has already seen massive gains looks poised to skyrocket further while updating his outlook on two other popular memecoins.
In a new strategy session, pseudonymous crypto trader Bluntz tells his 325,100 followers on the social media platform X that the native asset of the Pudgy Penguins (PENGU) non-fungible token (NFT) collection appears ready to spark a rally despite already gaining 300% this month.
“Nice 18% dip here on PENGU, that should be more than enough in a strong uptrend like this. Should start pushing into fresh highs again from around here [in my opinion].”
The trader’s chart indicates that PENGU could rise to $0.038 during the next few days. The digital asset is trading for $0.0309 at time of writing, a 7.7% decrease on the day. On July 16th, PENGU reached its weekly high of $0.034, a 68% gain from its seven-day low of $0.0184.
According to the trader, PENGU feels like a “silent underperformer” as it has been the strongest meme asset during the last two weeks.
“Seeing PENGU up 143% in two weeks, has also been the best performing large cap meme (over 1 $billion market cap), I’d think more people would be talking about it. Maybe it’s my own echo bubble but feels like a silent outperformer.”
Moving on to the dog-themed meme asset Floki (FLOKI), Bluntz says that it has more room to grow before breaking its resistance level around $0.000123.
“Nice moves on Floki so far but still plenty of juice left in the tank. Breaking that $0.000123 resistance is inevitable [in my opinion].”
It appears that Bluntz’s prediction came true as FLOKI is trading for $0.000142 at time of writing, a 29% increase on the day.
Concluding his analysis with Bonk (BONK), another SOL-based memecoin, Bluntz says it appears as if it has much more room to grow despite rising 96% since the beginning of July.
“Well that was quick. BONK already +96%, and still looking like it has much higher to go.”
BONK is trading for $0.000036 at time of writing, a 4.9% increase on the day.
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