A crypto strategist who continues to construct a following with well timed altcoin calls believes that one memecoin is poised to witness a giant burst to the upside.
Pseudonymous analyst Bluntz tells his 289,900 followers on the social media platform X that he thinks the Solana (SOL)-based meme token dogwifhat (WIF) appears to be like able to ignite large rallies.
Bluntz says that dogwifhat is flashing a number of bullish indicators in opposition to Solana (WIF/SOL), indicating that the memecoin is gearing up for a giant reversal.
“SOL is main the market proper now and WIF/SOL is bottoming out.
An enormous 5 down on the four-hour [chart] and diverging closely.
With SOL trying insanely bullish, I believe WIF is about to go psychological.
My baggage are packed.”
Bluntz practices the Elliott Wave idea, which states that an asset’s development tends to finish after a five-wave transfer. Based mostly on the dealer’s chart, he appears to counsel that WIF/SOL has accomplished a five-wave correction, suggesting that the memecoin is primed to outperform Solana.
At time of writing, WIF is buying and selling for $2.59, up practically 6% on the day.
Turning to layer-1 protocol Sui (SUI), Bluntz believes that the altcoin is within the early levels of a wave-five rally to hit a brand new all-time excessive at $3.
“SUI macro wave 4 nearing completion, hit the 0.38 Fibonacci stage of the macro wave three and nonetheless anticipating recent ATHs and a fifth wave up.”
At time of writing, SUI is value $1.90, up over 10% within the final 24 hours.
The final altcoin on the dealer’s radar is Popcat (POPCAT). Bluntz shares a chart suggesting that POPCAT is within the midst of a five-wave move-up with a goal value of round $2.10.
“Good flat on POPCAT additionally accomplished over the weekend, en path to ATHs (all-time highs) once more, in my view.”
At time of writing, POPCAT is buying and selling for $1.69, up greater than 15% up to now day.
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