- According to a prominent cryptocurrency expert, memecoin dogwifhat (WIF) is now expected to rise by around 350%.
Pseudonymous analyst Bluntz informed his 265,200 followers earlier this month that WIF was just beginning a new five-wave rally.
The Elliott Wave theory, according to which a bullish asset typically experiences a five-wave rally following the completion of an ABC corrective move, provides the basis for the analyst’s analysis.
Bluntz thinks that WIF’s ABC drop is finished and the memecoin is prepared to spark a significant upward rise given that it is currently trading at $2.21.
The law codes $10 WIF.
Do you believe everyone who missed the previous run from cents to $5 will miss round two once it gets going properly?
The analyst has a positive outlook on Floki (FLOKI), another memecoin. He believes FLOKI is ready for a rally to a new all-time high at about $0.00045, having finished its ABC correction.
Bluntz continues, “On the daily chart, FLOKI is also displaying a bullish divergence, suggesting that a trend reversal may be approaching.”
Floki ranks among my all-time favorite memes right now.
Five waves are plainly apparent within the C and high time frame [bullish divergence] at the lows, with the macro ABC structure completed and clear as day.
All-time high on the way, I would say.
FLOKI is currently valued at $0.00019.
Bluntz’s list also includes Popcat (POPCAT), a cryptocurrency based in Solana (SOL). The analyst says that once POPCAT broke above its previous resistance level at $0.72, bright skies are ahead for the company.
As of this writing, POPCAT is up about 13% for the day at $0.853.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
