Solana-Based Memecoin Poised for Breakout, Says Crypto Analyst
A prominent crypto strategist has turned the spotlight on SPX6900 (SPX), a memecoin built on Solana, suggesting it may be on the verge of a massive rally.
The analyst, known as Bluntz on social media, points to SPX’s recent chart patterns as a setup for explosive gains.
Citing Elliott Wave theory, he suggests that the token hasn’t yet entered its third wave — typically the most aggressive part of a five-wave move in bullish cycles.
Bluntz described SPX’s current formation as a series of consolidations since March, potentially laying the groundwork for a steep parabolic run.
He predicts the token could double in price, targeting $2.20 from its current level around $1.10.
The forecast underscores the continued appetite for Solana-based memecoins amid broader market interest in speculative altcoin plays.
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