Top Crypto Trader Says 6x Rally for One Large-Cap Memecoin ‘Inevitable,’ Outlines Path Forward for Solana
A extensively adopted cryptocurrency analyst and dealer is predicting an enormous rally for one large-cap memecoin.
Pseudonymous crypto strategist Bluntz tells his 267,900 followers on social media platform X that meme asset dogwifhat (WIF) might soar greater than 495% from the present worth.
“$10 next, it’s inevitable.”
The analyst depends on the Elliott Wave idea, which states {that a} bullish asset tends to undergo a five-wave rally after finishing an ABC corrective transfer.
With WIF having dropped all the way down to $1.11 this week, Bluntz believes that WIF’s ABC correction is probably going over and the memecoin is able to ignite an enormous upside transfer.
“Safe bet in my opinion is to wait for the reclaim of $1.60 on a daily closing basis which would be confirmation of a low being in.”
WIF is buying and selling for $1.68 at time of writing, up 6% within the final 24 hours.
Subsequent up, the analyst says that sensible contract platform Solana (SOL) could have simply witnessed a swing failure sample (SFP) after bouncing from $110.
“Three day SFP on track to roll into a weekly SFP as well. Love to see it.”
SFPs are sometimes seemed for by merchants as potential reversal factors.
He additionally says that SOL could have completed the ABC corrective wave and that its market correction is probably going over.
“I think that is probably our ABC done at this point and bottom in on SOL and $95 off the table now.”
Solana is buying and selling for $155 at time of writing, up greater than 9% within the final 24 hours.
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