Bluntz analyst predicts a historic high for the SPX6900 memo token

Note: not an investment advice!

A well-known crypto market analyst with the pseudonym Bluntz predicts a new jump for one of the meme coins on the Solana blockchain SOL $142.62 Binance-Peg SOL -0.90% Market capitalization $0.16 billion VOL. 24 hours $0.33 billion — SPX6900 (SPX). According to the expert, the coin has completed an ABC pattern correction on the eight-hour chart, which indicates the formation of a stable bottom and potential readiness to update historical highs.

Bluntz applies the Elliott Wave Theory and notes that after testing the previous all-time high, SPX showed a perfect pullback, and now the next attempt could take the coin to new heights. According to the trader, this asset is one of the most promising charts on the market.

At the time of writing, SPX is trading at $ 1.47, having added 17.5% per day, and Bluntz expects further growth to $ 2.10.

In addition, the analyst is also positive about the prospects of the artificially intelligent crypto project ai16z (AI16Z). After rebounding from the Fibonacci level, Bluntz believes that the coin is ready for a new impulse and could surpass the previous high of more than $ 0.45.

The No Worries editorial team strongly advises readers not to invest their own funds in dubious crypto projects and little-known digital assets!