A extensively followed analyst and trader who precisely predicted the Bitcoin (BTC) bottom in 2018 is highlighting one crypto asset that may per chance per chance streak up by triple-digit proportion capabilities.
The trader pseudonymously identified as Bluntz tells his 321,100 followers on the social media platform X that dogwifhat (WIF), a memecoin in-built the Solana (SOL) ecosystem, may per chance per chance streak up by about 472% to reclaim and surpass the all-time excessive recorded in March of 2024.
“Peaceable a model of labor to assign in and must ask label circulation ascertain, but I deem there’s a truly staunch likelihood a brand contemporary impulse serve to all-time excessive on WIF has commenced.”
In step with the analyst who on a current foundation applies the Elliott Wave theory in his technical prognosis, WIF started a bullish uptrend earlier this month in a 5-wave pattern. The Elliott Wave theory states that the important pattern of the worth of an asset moves in a 5-wave pattern whereas a correction happens in a 3-wave pattern. In step with Bluntz’s chart on the three-day time body, WIF bottomed out earlier this year.
Over the brief timeframe, the pseudonymous analyst says WIF may per chance per chance undergo a correction sooner than rallying. In step with the extensively followed analyst’s chart of the one-hour time body, WIF may per chance per chance pull serve by round 10% from the contemporary stage.
“Very obvious 5-wave rise from the lows on hourly for WIF, would ask a little bit of of a pullback here sooner than the next important leg up.”
WIF is buying and selling at $0.845 at time of writing.
Generated Image: Midjourney
