Based

Solana

Dogecoin

dogwifhat

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 <p>A widely followed crypto analyst is expressing bullish sentiment toward a memecoin that has skyrocketed by triple digits in less than three weeks.</p>
 <p>The analyst pseudonymously known as Bluntz tells his 237,900 followers on the social media platform X that the meme asset dogwifhat (WIF) bottomed out at below $0.10 and will only revisit prices above that level after the current market cycle is over.</p>
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 <p>Based on Bluntz’s one-day chart of the asset, it appears that the analyst, who is known for applying the Elliott Wave theory in his technical <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/analysis.html">Analysis</a>, is suggesting that WIF is currently on the second wave of a five-wave pattern and could see it eventually reach a price of above $1.</p>
 <figure style="width: 100%" class="wp-caption alignnone"><img src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GEkQKS_akAAFvzJ?format=png&amp;name=900x900" alt="GEkQKS_akAAFvzJ" width="1063" height="499">
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   Source: Bluntz/X
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 <p>The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a corrective wave occurs in a three-wave pattern.</p>
 <p>WIF is trading at $0.321 at time of writing, a staggering 323% gain from its January 8th close of $0.0759.</p>
 <p>Next up is smart contract platform Solana (SOL). Bluntz says that the fifth-largest crypto asset by market cap could soar above $150, a gain of around 72% from its current level.</p>
 <p>Based on Bluntz’s eight-hour chart on the layer-1 crypto project, it appears that Solana has potentially completed a three-wave downtrend pattern and is now trying to “test and reclaim” the zone that lies roughly between $90 and $100 before resuming an uptrend that could see it rally beyond $150.</p>
 <figure style="width: 100%" class="wp-caption alignnone"><img src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GEl2KYjbkAAvSns?format=jpg&amp;name=large" alt="GEl2KYjbkAAvSns" width="1063" height="499">
  <figcaption>
   Source: Bluntz/X
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 </figure>
 <p>Solana is trading at $87.45 at time of writing, a 5.66% increase during the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-analyst-updates-outlook-on-dogecoin-rival-that-s-exploded-300-in-three-weeks-says-solana-to-surge-higher-tbt77691.html">https://thebittimes.com/top-analyst-updates-outlook-on-dogecoin-rival-that-s-exploded-300-in-three-weeks-says-solana-to-surge-higher-tbt77691.html</a></p>

Top Analyst Updates Outlook on Dogecoin Rival That’s Exploded 300%+ in Three Weeks, Says Solana To Surge Higher

TheBitTimes

Other articles published on Jan 25, 2024

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