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Bluntz Shares Positive Outlook on PYTH Network and Other Cryptocurrencies
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Market Musing-g

Bluntz Shares Positive Outlook on PYTH Network and Other Cryptocurrencies

COINTURK NEWS
By COINTURK NEWS
2 months ago
3 mins read
Bluntz Shares Positive Outlook on PYTH Network and Other Cryptocurrencies

Crypto analyst and trader Bluntz shared his optimistic expectations regarding the Pyth Network (PYTH), a blockchain oracle service within the Solana ecosystem. With 290,400 followers, Bluntz indicated that PYTH is poised for a significant upward movement.

Bitcoin Forecast

Bluntz emphasized that PYTH’s current price is just below a crucial resistance level. According to the analyst, breaking through this level could accelerate upward momentum. Currently, PYTH is trading at $0.399.

In his statement, Bluntz noted, “A large bullish candle is coming for PYTH. After a three-month accumulation period, a strong formation has developed. Right now, it is testing the resistance zone at $0.50; if this level is surpassed, there will be clear skies ahead.”

Dogecoin Expectations

Bluntz also sees a positive outlook for Bitcoin . Utilizing Elliott Wave Theory, he suggested that Bitcoin could continue to rise after a brief correction. The analyst believes Bitcoin may reach approximately $80,000 by early November, creating a new peak. He added that he expects increased volatility surrounding election-related concerns: “I see rising fears of volatility associated with the elections. However, this volatility will come from higher levels.”

Regarding Dogecoin , Bluntz stated that it has been in a prolonged accumulation phase and could continue to gain value. He mentioned that those buying at low levels tend to sell early, but DOGE still holds significant bullish potential. “Many bought DOGE at these low levels but are showing tendencies to sell early. This is the result of 874 days of accumulation. You need to be patient and keep your faith,” he advised.

Bluntz also noted that Solana is regaining interest and that PYTH is closely monitoring this movement. He warned investors about potential market volatility that may spike during the election period. Such analyses provide valuable insights for those looking to predict market movements using technical data.

Bluntz’s evaluations offer clues about the future performance of projects within the Solana ecosystem and major players in the crypto market. The upward potential of PYTH, supported by technical analysis for Bitcoin’s probable price increase, and the anticipated value gain of Dogecoin following a lengthy accumulation period present significant opportunities for crypto investors.
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