A top cryptocurrency analyst and trader expressed bullish sentiment on the native token of the major smart contract blockchain.
The analyst, who goes by the pseudonym Bluntz, told his 223,700 Twitter followers that interoperable blockchain Cosmos ( ATOM ), which is trading near 2023 lows, could double in value.
According to Bluntz, ATOM is in a bullish ascending channel and recently completed a three-wave corrective pattern, indicating that a new uptrend is imminent.
“I was looking for some altcoin that looked amazing but didn’t run as hard as other coins and my friend pointed out ATOM.
Beautiful weekly structure, a clean 3 wave down, another potential 100% move in my opinion.”
Source: Bruntz/Twitter
As of the time of writing, ATOM is trading at $10.02, down over 3% over the past day.
In terms of relatively better-performing crypto assets, the anonymous analyst said Ethereum competitor Solana ( SOL ) is also on the list.
"SOL is one of the best performing majors this month."
Less than a month ago, Bluntz predicted that Solana’s price had the potential to double after completing a three-wave correction pattern.
“One of the altcoins I like here is SOL.
A strong reaction to major support levels, a clean three-wave decline on the high time frames.
I think this has 100% upside potential, and I rarely say that.”
As of the time of writing, Solana is trading at $27.86, down nearly 6% over the past 24 hours.
