Analyst Predicts New Highs for Altcoin That’s Up Over 10,000% in Under Six Months, Updates Outlook on Dogwifhat

A broadly adopted analyst and dealer is expressing bullish sentiment on an altcoin constructed on Solana (SOL) that has surged by over 100x in a few months.

The analyst pseudonymously often known as Bluntz tells his 249,900 followers on the social media platform X that the low cap memecoin Myro (MYRO) is providing a possibility to the upside on the eight-hour chart after enduring a double-digit correction.

Based mostly on a chart posted by the analyst, it seems that Bluntz, who often applies the Elliott Wave concept in his technical evaluation, is suggesting that MYRO is on the ultimate leg of a five-wave sample and will surge by round 163% from the present worth and attain a brand new all-time excessive of about $0.55.

The Elliott Wave concept states that the primary pattern of the worth of an asset strikes in a five-wave sample whereas a correction happens in a three-wave sample.

“There’s a nice MYRO catch-up play here for all those who missed dogwifhat. Dogwifhat will still outperform though.”

Supply: Bluntz/X

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 twelfth of 2023.

Subsequent up is dogwifhat (WIF). Based mostly on a chart by the pseudonymous analyst, Bluntz seems to suggest that WIF may full the fifth wave on the day by day chart and hit a worth of slightly below $5, which might be a brand new all-time excessive.

Supply: Bluntz/X

WIF is buying and selling at $2.21 at time of writing.

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