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A popular crypto strategist believes that two memecoins are approaching new historical highs. Analyst Bluntz told his 260,500 followers on the social platform X about this.
The expert shared a chart showing that Ripple (PEPE) could soar to new record highs. «Despite reaching historic highs, I think PEPE will continue to be the fastest token so far.»
In addition, the analyst is also optimistic about another memtoken, Floki (FLOKI). «We are getting record-high vibrations from FLOKI, which PEPE had. I think the chart looks very good.» Bluntz predicts a new all-time high for FLOKI. At the time of writing, the price of FLOKI is trading at $ 0.294.
The crypto strategist also closely follows the top altcoin Ethereum paired with bitcoin (ETH/BTC). The trader sees that ETH/BTC drops below 0.052 BTC ($ 3,553) and then breaks through to 0.06 BTC ($ 4,100). «A 12-hour bearish divergence on ETH/BTC and a clear impulsive wave growth.»
The trader is using the Elliott Wave Theory, which states that a bullish asset tends to correct after a five-wave surge. Looking at the trader’s chart, we can assume that ETH/BTC has already completed a five-wave rally and is preparing to decline.