A well-known crypto trader and analyst has expressed a bullish outlook on an altcoin called Solana.SOLThe ecosystem’s growth has tripled in just four weeks.
Bluntz, the analyst who goes by a pseudonym. tells His 244,400 followers on social media platform X, the memecoin (dogwifhat) dogwifhat.WIF) is primed for a “monster” After a V-shaped recover on the hourly chart, surge.
According to the Elliott Wave Theory, the chart of the pseudonymous expert shows that the memecoin appears to have completed a three wave pattern.
According to the Elliott Wave Theory, the major trend in the price of an investment moves in five waves while the minor corrective trend moves within a three wave pattern.
WIF is currently trading at $2.08, an increase of 994% over the close of $0.190 on February 7th.
According According to Bluntz WIF could increase by as much as 44% from its current level. next Leg of the rally
“$2.50 – $3 next but you wouldn’t believe it.”
Bluntz also offers His forecast on the PepePEPEThe memecoin, which also has triple-digit increases over the last 30 day.
“No impulsive decline yet on PEPE, still looks corrective and still expect fresh highs from here.”
PEPE is currently trading at $0.000008116, an increase of around 780% from the previous month. The 1000PEPE contract is a perpetual tracker of the Pepe token, and as its symbol implies, represents 1,000 PEPE tokens.
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Source: dailyhodl.com