Solana-Based #altcoin That’s Up 900%+ in a Month Primed for Monster Move, Says Top Trader – Here Are His Targets
A prominent #cryptocurrency analyst and trader is expressing bullish sentiments towards an altcoin within the Solana ($SOL ) ecosystem, which has seen its value skyrocket by triple digits over the past four weeks.
Known by the pseudonym Bluntz, the analyst is sharing insights with his 244,400 followers on the social media platform X, highlighting the potential of the memecoin dogwifhat ($WIF ) for significant gains. According to Bluntz, WIF has undergone a notable V-shaped recovery on the hourly chart, signaling bullish momentum.
Examining Bluntz's chart, it suggests that WIF has completed a three-wave pattern, a key indicator according to the Elliott Wave theory. This theory posits that the price trend of an asset moves in a five-wave pattern, with minor corrective trends occurring in three-wave patterns.
As of the latest update, WIF is trading at $2.08, marking a remarkable 994% increase from its closing price of $0.190 on February 7th. Bluntz predicts that WIF could potentially appreciate by up to 44% from its current level in the upcoming leg of the rally.
Bluntz also shares insights on another #memecoin , Pepe (PEPE), which has also experienced triple-digit rallies over the past month. PEPE is currently trading at $0.000008116, reflecting a surge of approximately 780% in the last 30 days. Notably, a 1000PEPE perpetual contract tracks the Pepe token, representing 1,000 PEPE tokens
Source - dailyhodl.com
