A crypto strategist who continues to construct a following with well timed altcoin calls believes that one memecoin is poised to witness an enormous 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) seems to be able to ignite large rallies.
Bluntz says that dogwifhat is flashing a number of bullish alerts in opposition to Solana (WIF/SOL), indicating that the memecoin is gearing up for an enormous 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 wanting insanely bullish, I feel WIF is about to go psychological.
My baggage are packed.”
Bluntz practices the Elliott Wave principle, which states that an asset’s pattern tends to finish after a five-wave transfer. Based mostly on the dealer’s chart, he appears to recommend 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 almost 6% on the day.
Turning to layer-1 protocol Sui (SUI), Bluntz believes that the altcoin is within the early phases 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 contemporary 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 executed 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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