🔥 SPX6900 (SPX) Could Go Parabolic, Says Bluntz
Crypto trader Bluntz, known for accurate altcoin forecasts, has identified SPX6900 (SPX) as primed for a “full-blown parabola” based on Elliott Wave Theory. This advanced charting method identifies crowd psychology in five distinct waves. According to Bluntz, SPX is still in the early stages of a massive rally.
“SPX looks insane in my opinion. It looks like the entire price action from the March lows is all 1-2s and hasn’t even had a wave three yet,” Bluntz told his 319K+ followers on X.
Based on his chart, the analyst expects SPX to hit $2.20, up from its current price of $1.10.
🐶 WIF Also Flashing Bullish Momentum
Bluntz is also bullish on another Solana memecoin: dogwifhat (WIF). He believes WIF has reclaimed a key price range and is likely starting a new wave higher.
“What a move on WIF already. It truly reclaimed the range and looks impulsive. I think this pullback was a wave four low.”
He targets a short-term price of $1.25 for WIF. At the time of writing, WIF trades at $0.97.
🎭 “Memes Will Outperform,” Says Analyst
Looking more broadly, Bluntz argues that memecoins often outperform other tokens during altcoin rallies—even if fundamentals don’t support it.
“When the real altcoin bid returns, memes are always the strongest. It doesn’t matter how badly you want fundamentals to matter… it’s all vaporware anyway.”
This suggests a renewed rotation into speculative tokens, especially as investor appetite for risk increases.
🪙 Silver Price Could Break All-Time Highs
Beyond the crypto markets, the analyst is also closely watching silver. He believes it may outperform gold in the coming months and potentially surge to $75, far beyond its current level of $34.50.
“Silver/gold ratio looks like it’s rolling over. $75 silver isn’t outside the realm of possibility,” Bluntz added.