One crypto-strategist who has built a loyal following through his timely altcoin predictions believes one memecoin could see an explosive rise.
Pseudonymous Bluntz told his followers of X, 289,900 on social media that he thought the Solana.SOLDogwifhat is a meme that was created by.WIF() is ready to spark massive rallies.
Bluntz claims that multiple bullish signs are flashing against Solana, indicating the memecoin’s readiness for a major reversal.
WIF/SOL are at the bottom of their market.
Five down from the original four-hour timeframe [chart] Diverging strongly and continuously.
WIF’s future looks a little crazy, especially with SOL so bullish.
“My bags are all packed.”
Bluntz uses the Elliott Waves theory which says that an asset’s tendency tends to change after a 5-wave movement. The trader seems to indicate that WIF/SOL completed a 5-wave correction. He suggests that the memecoin has the potential to surpass Solana.
WIF was trading at $2.59 as of the time this article is written, an increase of nearly 6% for the day.
The layer-1 protocol (Sui)SUIBluntz is of the opinion that Bitcoin Altcoins are in the beginning stages of the fifth wave rally, which will lead to a new high.
“SUI macro wave four nearing completion, hit the 0.38 Fibonacci level of the macro wave three and still expecting fresh ATHs and a 5th wave up.”
SUI was worth $1.90 at the time of this writing. That’s an increase over 10% from just 24 hours ago.
Popcat, the final altcoin to be on a trader’s radar (POPCAT). Bluntz shows a chart that suggests POPCAT has entered a 5-wave uptrend with a price target of $2.10.
“Nice flat on POPCAT also done over the weekend, en route to ATHs (all-time highs) again, in my opinion.”
POPCAT, at the time this article was written, is currently trading for $1.69. This represents a gain of more than 15 % in just one day.
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