Renowned cryptocurrency analyst Bluntz has taken to Twitter to express bullish sentiment on the native token of the interoperable blockchain, Cosmos (ATOM). Despite trading close to its 2023 lows, Bluntz believes that ATOM has the potential to double in value. The analyst highlights an ascending channel pattern and completion of a three-wave corrective pattern as indicators of an upcoming uptrend.
ATOM’s Potential for 100% Upside:
Bluntz, with a substantial following of 223,700 on Twitter, has actively sought out altcoins with strong prospects. One of his finds is ATOM, which he describes as having a beautiful weekly structure and a clean three-wave move-down. He suggests that ATOM could be another potential 100% mover based on his analysis.
Solana’s Impressive Performance:
Bluntz also praises Solana (SOL), a prominent Ethereum competitor, for being one of the best-performing cryptocurrencies among majors this month. Less than a month ago, the analyst predicted SOL’s potential to double in price after observing a solid, strong reaction from a major support level and a three-wave corrective pattern on high timeframes.
Current Market Status:
ATOM is trading at $10.02, experiencing a slight decline of over 3% in the past day. Meanwhile, Solana is priced at $27.86, seeing a decrease of nearly 6% within the last 24 hours.
Bluntz, a top cryptocurrency analyst and trader, has expressed bullish sentiment on Cosmos (ATOM) despite its proximity to 2023 lows. He believes that ATOM could potentially double in value based on its bullish ascending channel and completion of a three-wave corrective pattern. Additionally, Bluntz commends Solana (SOL) for its outstanding performance among major cryptocurrencies. As the market evolves, investors and traders may closely monitor these tokens and evaluate their potential for future growth.
