• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Altcoin

‘Nice Signs of Life’ Starting To Form on Solana-Based Memecoin dogwifhat, Says Trader – But There’s a Catch

n70products by n70products
January 31, 2025
in Altcoin
0
‘Nice Signs of Life’ Starting To Form on Solana-Based Memecoin dogwifhat, Says Trader – But There’s a Catch
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


A broadly adopted analyst is leaning bullish on a memecoin within the Solana (SOL) ecosystem amid a rout that has seen the crypto asset lose 72% of its worth from the all-time excessive.

The analyst pseudonymously generally known as Bluntz tells his 314,000 followers on the social media platform X that dogwifhat (WIF) might need bottomed out after finishing a correction in a three-wave sample on the weekly time-frame.

The analyst who repeatedly applies the Elliott Wave idea in his technical evaluation says that whereas WIF’s bearish development lasted longer than he had initially anticipated, there are “some good indicators of life forming” on the memecoin’s low time-frames. The Elliott Wave idea states that the principle development of the worth of an asset strikes in a five-wave sample whereas a correction happens in a three-wave sample.

Whereas cautioning that it’s too early to conclude {that a} bull run is underway, Bluntz says,

“Clearly very early days and we haven’t seen a five-wave rise from the lows “but” however I feel there’s a good probability one has begun to type.”

Gia
Supply: Bluntz/X

WIF is buying and selling at $1.32 at time of writing.

Subsequent up is Bitcoin (BTC). According to the broadly adopted analyst, Bitcoin might doubtlessly be forming a “brutal” swing failure sample (SFP) to the draw back on the two-week chart. A swing failure sample is a instrument in technical evaluation that’s used to find out potential factors of a development reversal.

“Bitcoin has 5 days to not be a brutal two-week SFP.”

GiaXpkybQAAcX0w?format=jpg&name=small
Supply: Bluntz/X

Bitcoin is buying and selling at $101,912 at time of writing.

Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox

Test Price Action

Observe us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Day by day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses chances are you’ll incur are your duty. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in affiliate marketing online.

Generated Picture: Midjourney





Source link

Tags: CatchDogwifhatFormLifeMemecoinNiceSignsSolanaBasedStartingTrader
Previous Post

Bitcoin Price Forms Double Bottom After Crash, Is A Bounce To $112,000 ATH Possible?

Next Post

Fed holds rates steady, but here’s why it might be bullish for crypto!

Next Post
Fed holds rates steady, but here’s why it might be bullish for crypto!

Fed holds rates steady, but here's why it might be bullish for crypto!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Leading Shiba Inu Rival Flashing Bullish Signals Hinting at Price Reversal, According to Santiment

Leading Shiba Inu Rival Flashing Bullish Signals Hinting at Price Reversal, According to Santiment

March 20, 2025
SEC hacker counters prosecutors with 366-day sentencing recommendation

SEC hacker counters prosecutors with 366-day sentencing recommendation

May 13, 2025
Trader Says ‘Strong First Move’ Incoming for Dogecoin Rival, Predicts Memecoin Could Rally by up to 75%

Trader Says ‘Strong First Move’ Incoming for Dogecoin Rival, Predicts Memecoin Could Rally by up to 75%

March 21, 2025

Recents

Have cryptocurrencies arrived as an asset class? It’s complicated

Have cryptocurrencies arrived as an asset class? It’s complicated

June 21, 2025
Can holding Bitcoin make you a target? France’s scary new reality

Can holding Bitcoin make you a target? France’s scary new reality

June 21, 2025
Shares of Coinbase and Circle Explode in Value After US Senate Passes Landmark Stablecoin Bill

Shares of Coinbase and Circle Explode in Value After US Senate Passes Landmark Stablecoin Bill

June 21, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report Ripple SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version