A Promising Outlook for SOL-Based Memecoin SPX6900 and AI16Z, According to Cryptocurrency Analyst Bluntz
A well-known cryptocurrency analyst and trader, known as Bluntz, is making waves in the market with his predictions for two altcoins – SPX6900 (SPX) and ai16z (AI16Z). With a massive following of 320,800 on X, Bluntz is gaining attention for his insights into the potential price movements of these digital assets.
SPX6900 (SPX) Poised for New All-Time Highs
Bluntz, who follows the Elliott Wave theory, suggests that SPX6900 (SPX) is on the brink of reaching new all-time highs. According to his analysis, the memecoin has completed an ABC correction on the eight-hour chart, indicating that it has found a strong support level.
Referring to a chart he shared on X, Bluntz is optimistic about SPX’s potential to reach $2.10. Currently trading at $1.47, SPX has seen a 17.5% increase in the last 24 hours, signaling growing investor interest in the coin.
AI16Z Shows Bullish Signals
Bluntz is also bullish on ai16z (AI16Z), an artificial intelligence-focused cryptocurrency project. After a retest of the Fibonacci retracement level at $0.16, Bluntz believes that AI16Z is entering an uptrend and could soon see fresh highs above $0.45.
Traders often use the Fibonacci retracement tool to identify potential entry and exit points based on key Fibonacci ratios. With AI16Z currently trading at $0.17 and up 7% in the last 24 hours, the coin is showing positive momentum according to Bluntz’s analysis.
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