Top Trader Says Breakout Loading for Dogecoin and Shiba Inu Rival, Updates Outlook on Bitcoin and Jupiter

A widely followed cryptocurrency trader and analyst is turning bullish on a competitor to Dogecoin (DOGE) and Shiba Inu (SHIB) while offering his forecast for Bitcoin (BTC) and the decentralized finance (DeFi) altcoin Jupiter (JUP).

The trader pseudonymously known as Bluntz tells his 300,000 followers on the social media platform X that the meme token Pepe (PEPE) is on the cusp of a breakout after a correction of around 30% from the all-time high reached earlier this month.

Based on the pseudonymous analyst’s chart, it appears that Bluntz sees PEPE going up by around 60% from the current level to hit a new all-time high.

PEPE is trading at $0.00002 at time of writing.

Next up is Bitcoin. According to Bluntz, the crypto king now appears bullish after recovering from “most of the down move” that occurred earlier this week and which saw BTC pull back by nearly 10% from the all-time high of just under $100,000.

According to Bluntz, many altcoins will “rip hard this week” amid Bitcoin’s price recovery.

Next up is Jupiter, the decentralized exchange aggregator built in the Solana (SOL) ecosystem. The analyst says that JUP is primed to go up by at least 72% from the current level.

“Even despite being up 100% from the lows, JUP looks like it’s been accumulating for six months and the real markup phase hasn’t even really begun.

No doubt in my mind, this sees fresh all-time highs before this cycle is done in my opinion.”

JUP is trading at $1.17 at time of writing, around 42% below the all-time high of $2.00 reached in January.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3