Cryptocurrency Expert Who Predicted 2025 Bitcoin Dip Now Foresees PENGU Soaring Further, Revises Predictions for BONK and Leading Meme Coin
In a recent analysis, cryptocurrency trader Bluntz, using the Elliott Wave theory, suggests that Pudgy Penguins (PENGU) is currently in wave four, implying a final fifth wave rally is imminent. This potential surge could push the price above $0.05 from the current level of approximately $0.0357.
According to Bluntz's analysis, PENGU's recent 33% pullback is a healthy wave four correction, providing a good entry point before the fifth and potentially final upward wave.
For Bonk (BONK) and Useless Coin (USELESS), while less detailed than for PENGU, Bluntz's broader memecoin outlook indicates an upcoming surge in the meme coin sector. Bonk is also positioned for upside moves in line with wave patterns, although specific price targets or wave counts for Bonk and Useless Coin were not fully detailed in the latest summaries.
Bluntz also identified a bullish divergence on the four-hour chart for Bonk, suggesting a potential increase. However, the analyst anticipates that Useless Coin will enter a corrective phase after completing a five-wave rally.
At the time of writing, Pudgy Penguins is worth $0.0357, having increased over 7% in the past day. Bonk is worth $0.000026, having risen nearly 5% on the day. Useless Coin is worth 0.246.
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In other news, Plume and Mercado Bitcoin are set to tokenize $500 million real-world assets, Little Pepe's memecoin presale reached $16,475,000, Dreamcash began the rollout of its trading platform, and Solid launched on the Fuse Network.
Stay tuned for more updates and analysis from The Daily Hodl.
The Elliot Wave theory, as suggested by cryptocurrency trader Bluntz, indicates a potential surge for altcoins like Pudgy Penguins (PENGU) and meme coins such as Bonk, possibly providing good opportunities for investors. However, Useless Coin might undergo a corrective phase after a five-wave rally. Investors are advised to conduct their own research before engaging in high-risk investments.
