Token

Solana

Gains

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-analyst-predicts-substantial-gains-for-solana-meme-token/" data-wpel-link="internal">Crypto Analyst Predicts Substantial Gains for Solana Meme Token</a> 
A leading crypto analyst predicts that a meme token from the Solana (SOL) ecosystem could gain value in three-digit figures. The crypto strategist, known by the pseudonym Bluntz, informed his followers on <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> platform X that the downtrend in the daily chart of the meme token dogwifhat (WIF) could be ending with a three-wave pattern. 
<h2 id="272-increase-expected-for-wif">272% Increase Expected for WIF</h2> 
The analyst regularly employs the Elliott Wave theory in his work. This theory suggests that main trends occur in five-wave patterns, while corrections take place in three-wave patterns. Based on Bluntz’s chart, the strategist suggests that the WIF price could rise by approximately 272% from its current level. At the time of writing, WIF had seen an increase of 4.2% over the last 24 hours, trading at $0.222. 
Senior analyst Bluntz then turned his attention to <a href="https://en.coin-turk.com/anticipation-of-bitcoin-etf-approval-brings-optimism-to-crypto-market/" data-wpel-link="internal">Bitcoin</a>. He predicted that the leading cryptocurrency would likely continue trading in a sideways range before potentially starting an uptrend, stating: 
<blockquote> 
 The price movements of Bitcoin have been very dull in the last two days. I still think the maximum pain range encompasses both sides, but we will continue to watch. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-312946 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/bitcoinn.png" alt="" width="680" height="472"> 
&nbsp; 
<h2 id="critical-comments-from-the-analyst">Critical Comments from the Analyst</h2> 
Sharing Bluntz’s charts, the analyst predicts that Bitcoin will first rise above $44,000, then fall below $41,500. Bluntz suggests that after dropping below $41,500, Bitcoin will climb above $45,000. At the time of writing, Bitcoin was trading at $44,719. Crypto analyst Bluntz predicts gains for a meme token belonging to the Solana ecosystem. 
Similarly, he predicts a price increase for the WIF token using the Elliott Wave theory and estimates that Bitcoin will follow a sideways trend in the near term. According to Bluntz’s analyses, while the value of WIF could increase by 272% in a five-wave pattern, the price of Bitcoin is expected to rise above $44,000 and then fall below $41,500. However, Bitcoin is then expected to rise again above $45,000. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-analyst-predicts-substantial-gains-for-solana-meme-token/" data-wpel-link="internal">Crypto Analyst Predicts Substantial Gains for Solana Meme Token</a></h5>

Crypto Analyst Predicts Substantial Gains for Solana Meme Token

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