A crypto strategist known for making timely altcoin calls believes that the native asset of a layer-1 project is gearing to witness its first uptrend.
A crypto strategist keeping a close eye on altcoins believes that the native token of a layer-1 project is setting up for its first major uptrend.
The pseudonymous top trader, known as Bluntz, tells his 275,200 followers on social media platform X that Saga (SAGA) appears primed for big rallies after breaking out from an inverse head-and-shoulders (IHS) pattern.
An IHS is usually considered a bullish reversal pattern as it suggests traders are no longer waiting for the price to revisit lows before accumulating the asset.
According to Bluntz, SAGA is displaying signs of strength on the technicals.
“Still thinking SAGA has one of the best structures of the mid caps in the $200 million range and a fairly new coin without an initial run yet.
Huge IHS bottom breakout with volume.
Easy multiples, IMO.”
At time of writing, SAGA is valued at $2.46 with a market cap of over $251 million.
Bluntz is also bullish on the Binance Smart Chain-based memecoin Simon’s Cat (CAT). The top trader says that CAT will be the top feline-based memecoin this bull cycle as he anticipates the coin to reach a market cap of $1 billion.
“Everyone thinking POPCAT is gonna be this cycle’s winning cat coin, but I disagree, I think CAT will.
Simon’s Cat is widely recognized with normies and the chart is setting up for a major channel breakout, IMO.
CAT to a billy is coded.”
At time of writing, CAT is trading at $0.000042 with a market cap of $285 million.
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