A cryptocurrency expert renowned for accurately predicting trends in alternative coins suggests that the core token of a layer-1 project is on the brink of its first upward trend.
Leading trader Bluntz informs his 275,200 followers on the social networking platform X that Saga (SAGA) appears ready to initiate significant surges after breaking out from an inverse head-and-shoulders pattern (IHS).
An IHS is typically seen as a positive reversal pattern, indicating that investors are no longer waiting for the price to drop before purchasing the asset.
Bluntz expresses, “I still believe SAGA has one of the strongest structures among mid-cap coins in the $200 million range, and being a relatively new coin, it has yet to experience its initial surge. The significant breakout from the IHS bottom with increased volume could lead to substantial gains, in my opinion.”
As of the time of writing, SAGA is valued at $2.46 with a market capitalization exceeding $251 million.
Furthermore, Bluntz is optimistic about Simon’s Cat (CAT), a meme coin based on the Binance Smart Chain. According to the expert, CAT is poised to become the top feline-themed meme coin in this market cycle, with a potential market cap of $1 billion.
“While many believe POPCAT will emerge as the leading cat coin in this cycle, I differ in opinion and foresee CAT taking the top spot. Simon’s Cat enjoys widespread recognition among mainstream users, and the chart suggests a significant breakout in the near future. I believe CAT’s journey to a billion-dollar market cap is inevitable,” Bluntz shares.
Currently, CAT is trading at $0.000042 with a market cap of $285 million.
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