An analyst who is widely respected and a trader who has a large following are expressing a bullish outlook on an altcoin based on Solana.SOL() has risen by more than 100 times in just a few months.
Bluntz is the pseudonymous analyst. tells His 249,900 subscribers on the social media platform X the low-cap memecoin Myro.MYROAfter suffering a two-digit correction, the (8) chart offers an opportunity for the upside.
According to a chart published by Bluntz who uses the Elliott Wave Theory in his analysis regularly, MYRO could reach an all-time price of $0.55 and surge 163%.
Elliott Waves theory says that the major trend of a price for an asset is a five wave pattern, while corrections are a three wave pattern.
“There’s a nice MYRO catch-up play here for all those who missed dogwifhat. Dogwifhat will still outperform though.”
MYRO has reached a new high of $0.209, an increase of 10,389 since the previous low of $0.001995 on November 12, 2023.
Next is dogwifhatWIF). According to a chart created by an anonymous analyst, Bluntz seems to be able suggest WIF’s price could reach just under $5 if it completes the 5th wave of the daily chart. This would mark a new high.
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/Analyst-Predicts-New-Highs-for-Altcoin-Thats-Up-Over-10000.png)
WIF has traded at $2.21 since the date of this writing.
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Source: dailyhodl.com