Top Trader Says Ethereum-Based Altcoin Primed To Surge by Over 230%, Updates Outlook on Solana and Dogecoin
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.
“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.
“I have seen these range breaks lead to big moves on all sorts of coins all week.”
Based on the trader’s chart, he appears to predict that DOGE will rally close to $0.13. At time of writing, DOGE is worth $0.084.
Generated Image: DALLE3