A Crypto Analyst Predicts Bullish Future for Meme Coin and Solana
A well-known crypto analyst, Bluntz, is optimistic about the future of a memecoin that has seen a massive surge in value in less than three weeks. According to Bluntz, the meme asset dogwifhat (WIF) has hit its bottom at under $0.10 and will only surpass that level after the current market cycle ends.
Bluntz, who frequently applies the Elliott Wave theory in his technical analysis, believes that WIF is currently in the second wave of a five-wave pattern. He predicts that WIF could eventually reach a price above $1.
In addition to WIF, Bluntz also expresses positivity towards Solana (SOL), a smart contract platform. He suggests that SOL, currently the fifth-largest cryptocurrency by market cap, could potentially surge above $150, marking a 72% gain from its current level.
Bluntz’s analysis of SOL’s eight-hour chart indicates that it may have completed a three-wave downtrend pattern and is now attempting to reclaim the zone between $90 and $100 before resuming an uptrend towards $150 or higher.
Hot Take: Positive Outlook for Meme Coin and Solana
Crypto analyst Bluntz predicts promising futures for both memecoin WIF and smart contract platform SOL. With WIF experiencing significant growth and potentially reaching above $1, investors may find profitable opportunities. Similarly, SOL’s potential surge beyond $150 presents an attractive prospect for traders. By applying technical analysis techniques such as the Elliott Wave theory, Bluntz offers insights into these assets’ future movements. As always, it’s crucial to conduct thorough research and exercise caution when making investment decisions in the volatile crypto market.
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