A prime cryptocurrency analyst and dealer is predicting {that a} Solana (SOL) ecosystem memecoin may admire by triple digits.
The crypto strategist pseudonymously generally known as Bluntz tells his 239,300 followers on the social media platform X {that a} downtrending three-wave sample on the every day chart of the memecoin dogwifhat (WIF) is likely to be over with.
The analyst recurrently makes use of Elliott Wave idea in his work, a technical evaluation idea which states that foremost traits happen in five-wave patterns whereas corrections happen in three-wave patterns.
Based mostly on Bluntz’s chart, the strategist is predicting the value of WIF may rise by round 272% from its present degree in a five-wave sample.
WIF is buying and selling at $0.222 at time of writing, a 4.2% achieve over the past day.
Turning to Bitcoin (BTC), the Bluntz predicts that the flagship crypto asset will doubtless proceed buying and selling in a sideways vary earlier than doubtlessly breaking out to the upside.
“Very boring worth motion during the last two days on Bitcoin.
Nonetheless suppose max ache is sweep either side of the vary however will proceed to watch.”
Based mostly on Bluntz’s chart, the pseudonymous analyst foresees Bitcoin first rising above $44,000 earlier than falling to beneath $41,500. After falling beneath $41,500, Bluntz means that Bitcoin will then admire to above $45,000.
Bitcoin is buying and selling at $44,719 at time of writing.
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