The trader that nailed Bitcoin (BTCPrice floor in 2018 Bear Market believes that one Memecoin Running on the SolanaSOL(Blockchain is poised to reach a new record high.
Pseudonymous Bluntz informs his 249.400 followers via the social media platform X, that he is seeing meme tokens dogwifhat.WIF() surged to an all-time record high of $4.50, before concluding a five-wave upsurge.
Bluntz uses the Elliott Wave Theory, according to which a bullish investment tends to experience a five wave move upwards before taking a break.
According to the analyst
“From the lows on WIF, it still needs one more leg up to new all-time highs to fully complete the five-wave structure. So for now still viewing this pullback as another wave four with one final all-time high leg up yet to come.”
WIF currently trades at $3.06 and has risen by over 35% within the past 24 hours.
Bluntz, in his own words: “Looking at Solana as a person” says SOL, the altcoin he is bullish about after it held its own during the latest market-wide correction.
What was the most recent item to be discarded? [48] hours. The majority of people prefer to concentrate on what was dumped most after the general dumps. They think that they are getting better entries. But I do not subscribe to this line of thinking.
SOL “This is a clear standout.”
SOL was trading at $202.89 as of the time this article is written, an increase of over 8% from yesterday.
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