A high analyst identified for making well-timed crypto calls is unveiling an enormous value goal for the Solana (SOL)-based memecoin dogwifhat (WIF).
Pseudonymous analyst Bluntz tells his 264,200 followers on the social media platform X that WIF seems to be within the early phases of a contemporary five-wave rally.
Bluntz practices the Elliott Wave concept, which states {that a} bullish asset tends to undergo a five-wave upside transfer. The dealer shares a chart suggesting that WIF might skyrocket to as excessive as $11 by November of this yr earlier than concluding its five-wave surge.
“Don’t be afraid to dream slightly greater.
WIF.”
At time of writing, WIF is buying and selling for $2.26, indicating an upside potential of over 386% if the memecoin hits the analyst’s goal.
The dealer can be maintaining a detailed watch on Bitcoin (BTC). Bluntz says he continues to be bullish on the crypto king after its most up-to-date quarterly candle flipped resistance at round $60,000 into help.
“Think about considering this BTC quarterly chart appears to be like bearish, couldn’t be me.”
Taking a look at Bitcoin’s weekly timeframe, Bluntz shares a chart suggesting that BTC is consolidating inside a triangle sample. In keeping with the chart, BTC appears to be like poised for a rally above $68,000 (D wave) earlier than a final leg right down to $62,000 (E wave).
“Cracking BTC weekly shaping up now.”
The chart additionally seems to counsel that BTC will escape and rally above $80,000 after the E-wave correction.
At time of writing, Bitcoin is buying and selling for $62,842.
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