A broadly adopted analyst and trader is expressing bullish sentiment on an altcoin constructed on Solana (SOL) that has surged by over 100x in a few months.
The analyst pseudonymously is named Bluntz tells his 249,900 followers on the social media platform X that the low cap memecoin Myro (MYRO) is offering a probability to the upside on the eight-hour chart after enduring a double-digit correction.
Consistent with a chart posted by the analyst, it looks that Bluntz, who on a standard basis applies the Elliott Wave theory in his technical diagnosis, is suggesting that MYRO is on the closing leg of a 5-wave sample and would possibly well perhaps surge by around 163% from the recent tag and reach a brand recent all-time excessive of about $0.55.
The Elliott Wave theory states that the important thing pattern of the price of an asset strikes in a 5-wave sample whereas a correction occurs in a 3-wave sample.
“There’s a pleasant MYRO obtain-up play here for all individuals who neglected dogwifhat. Dogwifhat will gentle outperform even though.”
MYRO is buying and selling at $0.209 at time of writing, up by 10,389 from the all-time low of $0.001995 reached on November 12th of 2023.
Next up is dogwifhat (WIF). Consistent with a chart by the pseudonymous analyst, Bluntz looks to counsel that WIF would possibly well perhaps complete the fifth wave on the every day chart and hit a tag of fine below $5, which would possibly well perhaps be a brand recent all-time excessive.
WIF is buying and selling at $2.21 at time of writing.
Generated Characterize: DALLE3
