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Top Trader Says Dogecoin Rival Looks ‘Insanely Strong,’ Predicts Incoming Parabolic Break for Large-Cap Memecoin

n70products by n70products
December 10, 2024
in Altcoin
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Top Trader Says Dogecoin Rival Looks ‘Insanely Strong,’ Predicts Incoming Parabolic Break for Large-Cap Memecoin
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A prime dealer recognized for making well timed altcoin predictions says one Dogecoin (DOGE) challenger is primed for a parabolic surge.

Pseudonymous analyst Bluntz tells his 304,300 followers on the social media platform X that the time for vertical Shiba Inu (SHIB) rallies is coming.

The dealer shares a chart suggesting that SHIB could also be near repeating its early 2024 value motion when it exploded by about 450% in simply two months.

“SHIB seems to be insanely sturdy, it’s clearly in a strong uptrend but it surely’s been a managed one, no parabolic break… YET.

Nevertheless it’s coming, SHIB/BTC pair additionally accumulating at all-time low. I legit suppose this may pull a number of Xs.”

Image
Supply: Bluntz/X

At time of writing, SHIB is buying and selling for $0.0000276.

One other memecoin on the dealer’s radar is the Solana (SOL)-based altcoin dogwifhat (WIF). Bluntz says WIF seems to be within the early levels of a five-wave uptrend that might propel the meme token to double digits.

“$10+ WIF is inevitable.”

Image
Supply: Bluntz/X

Bluntz practices the Elliott Wave idea, which states {that a} bullish asset tends to witness a five-wave rise earlier than concluding an impulsive transfer up. Based mostly on the dealer’s chart, he appears to foretell that WIF may climb to as excessive as $12.

At time of writing, WIF is value $3.41.

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Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Traders 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 individual danger, and any losses chances are you’ll incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in internet affiliate marketing.

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Tags: BreakDogecoinIncomingInsanelyLargeCapMemecoinParabolicPredictsRivalStrongTopTrader
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