dogwifhat

Solana

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 <p>A widely followed analyst and trader is offering his insight on two digital assets as the total crypto market cap edges upwards.</p>
 <p>The crypto analyst pseudonymously known as Bluntz tells his 241,400 followers on the social media platform X that the memecoin dogwifhat (WIF) is displaying bullish divergence on the long time frames.</p>
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 <p>A bullish divergence occurs when the price of an asset keeps forming lower lows while an oscillator, in this case the Relative Strength Index (RSI), is forming higher lows.</p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHitfBzagAAqzj2?format=jpg&amp;name=small" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Bluntz/X
  </figcaption>
 </figure>
 <p>WIF is trading at $0.952 at time of writing, up by around 229% from a low of $0.289 recorded on February 24th.</p>
 <p>Turning to Solana (SOL), the pseudonymous analyst says that the layer-1 altcoin has potentially bottomed out against Bitcoin (BTC) after forming a bullish divergence on the one-hour time frame.</p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHay7L3acAAtN1T?format=jpg&amp;name=small" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Bluntz/X
  </figcaption>
 </figure>
 <p>On the three-day time frame, Bluntz says that the Solana/Bitcoin pair is forming a “hell of a bottom wick”. A bottom wick is a candle which indicates that price has significantly pulled back from the low to close at a much higher price, thereby resulting in a thin line at the lower part of the candle.</p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHe3RUHbIAAAaLT?format=jpg&amp;name=small" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Bluntz/X
  </figcaption>
 </figure>
 <p>Solana is trading at 0.00216 BTC ($133.37) at time of writing.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-updates-outlook-on-altcoin-that-s-exploded-over-220-in-a-week-maps-path-forward-for-solana-tbt81365.html">https://thebittimes.com/analyst-updates-outlook-on-altcoin-that-s-exploded-over-220-in-a-week-maps-path-forward-for-solana-tbt81365.html</a></p>

Analyst Updates Outlook on Altcoin That’s Exploded Over 220% in a Week, Maps Path Forward for Solana

TheBitTimes

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