A crypto strategist who continues to build a following with timely altcoin calls believes that one memecoin is poised to witness a big burst to the upside.
Pseudonymous analyst Bluntz tells his 289,900 followers on the social media platform X that he thinks the Solana (SOL)-based meme token dogwifhat (WIF) looks ready to ignite huge rallies.
Bluntz says that dogwifhat is flashing multiple bullish signals against Solana (WIF/SOL), indicating that the memecoin is gearing up for a big reversal.
“SOL is leading the market right now and WIF/SOL is bottoming out.
A huge five down on the four-hour [chart] and diverging heavily.
With SOL looking insanely bullish, I think WIF is about to go mental.
My bags are packed.”
Bluntz practices the Elliott Wave theory, which states that an asset’s trend tends to end after a five-wave move. Based on the trader’s chart, he seems to suggest that WIF/SOL has completed a five-wave correction, suggesting that the memecoin is primed to outperform Solana.
At time of writing, WIF is trading for $2.59, up nearly 6% on the day.
Turning to layer-1 protocol Sui (SUI), Bluntz believes that the altcoin is in the early stages of a wave-five rally to hit a new all-time high at $3.
“SUI macro wave four nearing completion, hit the 0.38 Fibonacci level of the macro wave three and still expecting fresh ATHs and a 5th wave up.”
At time of writing, SUI is worth $1.90, up over 10% in the last 24 hours.
The last altcoin on the trader’s radar is Popcat (POPCAT). Bluntz shares a chart suggesting that POPCAT is in the midst of a five-wave move-up with a target price of around $2.10.
“Nice flat on POPCAT also done over the weekend, en route to ATHs (all-time highs) again, in my opinion.”
At time of writing, POPCAT is trading for $1.69, up more than 15% in the past day.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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