A crypto strategist recognized for making well timed altcoin calls believes that the native asset of a layer-1 challenge is gearing to witness its first uptrend.
High dealer Bluntz tells his 275,200 followers on the social media platform X that Saga (SAGA) appears to be like poised to spark huge rallies after breaking out from an inverse head-and-shoulders sample (IHS).
An IHS is usually considered as a bullish reversal sample because it signifies traders are now not ready for the worth to revisit lows earlier than accumulating the asset.
Says Bluntz,
“Nonetheless considering SAGA has among the best constructions of the mid caps within the $200 million vary and a reasonably new coin with out an preliminary run but.
Big IHS backside breakout with quantity.
Simple multiples, in my view.”
At time of writing, SAGA is value $2.46 with a market cap of over $251 million.
Bluntz can also be bullish on the Binance Good Chain-based memecoin Simon’s Cat (CAT). Based on the highest dealer, CAT would be the high feline-based memecoin this bull cycle as he thinks the coin will surge to a market cap of $1 billion.
“Everybody thinks POPCAT is gonna be this cycle’s successful cat coin however I disagree, I feel CAT will.
Simon’s Cat [is] widely known with normies and the chart is gearing up for a significant channel breakout, in my view.
CAT to a billy is coded.”
At time of writing, CAT is buying and selling for $0.000042 with a market cap of $285 million.
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