This Solana-Based Altcoin Could Explode by Over 250%, According to Analyst Who Nailed 2018 Bitcoin Bottom
A high cryptocurrency analyst and dealer is predicting {that a} Solana (SOL) ecosystem memecoin might respect by triple digits.
The crypto strategist pseudonymously generally known as Bluntz tells his 239,300 followers on the social media platform X {that a} downtrending three-wave sample on the day by day chart of the memecoin dogwifhat (WIF) could be over with.
The analyst often makes use of Elliott Wave principle in his work, a technical evaluation idea which states that foremost developments happen in five-wave patterns whereas corrections happen in three-wave patterns.
Based mostly on Bluntz’s chart, the strategist is predicting the worth of WIF might rise by round 272% from its present stage in a five-wave sample.
WIF is buying and selling at $0.222 at time of writing, a 4.2% acquire over the last day.
Turning to Bitcoin (BTC), the Bluntz predicts that the flagship crypto asset will doubtless proceed buying and selling in a sideways vary earlier than doubtlessly breaking out to the upside.
“Very boring worth motion over the past two days on Bitcoin.
Nonetheless suppose max ache is sweep either side of the vary however will proceed to monitor.”
Based mostly on Bluntz’s chart, the pseudonymous analyst foresees Bitcoin first rising above $44,000 earlier than falling to under $41,500. After falling under $41,500, Bluntz means that Bitcoin will then respect to above $45,000.
Bitcoin is buying and selling at $44,719 at time of writing.
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