Top Analyst Predicts Solana-Based Altcoin To Break Out ‘Very Soon,’ Updates Outlook on Dogecoin and Shiba Inu
A widely followed analyst and trader is leaning bullish on the Solana-based pet-themed memecoin cat in a dogs world (MEW) while outlining his forecast for Dogecoin (DOGE) and Shiba Inu (SHIB). The analyst pseudonymously known as Bluntz tells his 283,800 followers on the social media platform X that MEW is “about to break out very soon” after trading in a symmetrical triangle over the past few days. A symmetrical triangle can be a bullish continuation pattern if an asset takes out its diagonal resistance. Bluntz shares a chart suggesting that a breakout could send MEW close to $0.011. Source: Bluntz/X MEW is trading at $0.00904 at time of writing, above the pattern’s resistance. Turning to Dogecoin, the pseudonymous analyst says that despite the emergence of new meme tokens, it would be a “huge mistake” to write off the ninth-largest crypto asset by market cap. “The thing with DOGE is, basically since inception, it always runs the hardest and most v...