Analyst Predicts Parabolic Rally for One Memecoin, Says Altcoin in Prime Position for ‘Turbo Green’ Week
A crypto strategist holding a “Master Trader” rank on the crypto exchange Bybit says one Solana (SOL)-based memecoin looks poised to have a strong week despite the latest correction. Pseudonymous analyst Bluntz tells his 278,100 followers on the social media platform X that Bonk (BONK) looks to be in the midst of a five-wave surge. Bluntz is a popular practitioner of the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally. The trader shares a chart suggesting that BONK will rally to as high as $0.000033. “Swift post weekly dip here which is ideal, BONK in prime position for a turbo green week, in my opinion. Parabola soon.” Source: Bluntz/X At time of writing, BONK is trading for $0.000024, up from its 24-hour low of around $0.0000216. The trader also shares a chart comparing the price performance of BONK against fellow memecoin Pepe (PEPE). According to Bluntz, BONK looks primed to outperform PEP...
