Analyst Predicts Major Surge for PYTH Amid Positive Outlook for Bitcoin and Dogecoin

Renowned Crypto Analyst Bluntz Predicts Strong Upswing for Pyth Network (PYTH)

Noted crypto analyst, Bluntz, recently expressed a positive outlook for Pyth Network (PYTH), a blockchain oracle within the Solana ecosystem. Bluntz believes PYTH is poised for a significant upward movement, currently trading at $0.399 and approaching a key resistance level. Breaking through this level could indicate a strong bullish trend.

"A substantial breakout signal is forming for PYTH," said Bluntz. "After a three-month period of accumulation, the asset's technical indicators are favorable. Surpassing the $0.50 resistance could open the path for notable gains."

Bullish Projections for Bitcoin and Dogecoin

Bluntz also anticipates a positive trajectory for Bitcoin, which is currently trading at $70,806. Using the Elliott Wave Theory, he forecasts a brief correction followed by continued growth, potentially reaching $80,000 by early November. Bluntz anticipates potential volatility due to election-related market shifts but expects price fluctuations to occur at higher levels.

Regarding Dogecoin, currently at $0.166050, Bluntz recognizes the value in its extended accumulation phase, with potential for further gains. "Many individuals acquired DOGE at these low levels but are prematurely selling," noted Bluntz. "This period represents 874 days of accumulation. Patience and conviction are essential."

Growing Interest in Solana and Potential for PYTH

Bluntz emphasizes that the renewed interest in Solana could further boost PYTH's upward trend, given the oracle network's alignment with Solana's ecosystem. While advising caution during the election period, he highlights the importance of analyzing technical data for informed trading decisions.

Bluntz's insights provide valuable perspectives for investors tracking the Solana ecosystem, Bitcoin's potential new high, and Dogecoin's steady accumulation. PYTH's projected rise, BTC's likely rebound, and DOGE's accumulation phase offer promising opportunities for crypto enthusiasts.