dogwifhat

Token

Solana

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/prominent-analyst-foresees-significant-drops-for-wif-and-solana" rel="noopener noreferrer nofollow">Prominent Analyst Foresees Significant Drops for WIF and Solana</a><br></p>
<p style="text-align: justify">In a recent social media update, renowned <a href="https://en.bitcoinhaber.net/from-1-eth-to-a-fortune-the-trading-journey-of-a-crypto-investor" rel="noopener noreferrer nofollow">cryptocurrency</a> expert Bluntz has issued a forecast that could spell trouble for holders of the memecoin dogwifhat (WIF) and <a href="https://en.bitcoinhaber.net/solanas-rise-and-interoperability-with-ethereum-a-glimpse-into-the-future-of-blockchain" rel="noopener noreferrer nofollow">Solana</a>‘s native token (SOL). Utilizing his analytical skills and the Elliott Wave theory, Bluntz projects a substantial price decline for both digital assets. His findings have stirred discussions among cryptocurrency investors and market watchers.</p>
<h2 id="wif-expected-to-experience-a-steep-correction">WIF Expected to Experience a Steep Correction</h2>
<p style="text-align: justify">Bluntz’s <a href="https://en.bitcoinhaber.net/ai-driven-altcoins-in-the-spotlight-fetch-fet-coins-surge-and-future-predictions" rel="noopener noreferrer nofollow">technical analysis</a>, underpinned by the Elliott Wave principle, suggests that WIF has completed its bullish cycle and is on the brink of entering a corrective phase. He anticipates that WIF might face a severe devaluation of approximately 69%, falling to a price point of $1. His forecast is based on the completion of a five-wave growth pattern and the imminent start of an ABC correction wave.</p>
<p style="text-align: justify">The analysis points to the 0.786 Fibonacci retracement level as a significant marker, hinting at potential support and resistance zones. Currently, WIF has seen an astronomic rise from its initial price, trading at $3.32, a leap from $0.00478 recorded at its launch.</p>
<h2 id="solana-token-sol-also-to-retract">Solana Token SOL Also to Retract</h2>
<p style="text-align: justify">Alongside the WIF prognosis, Bluntz expects Solana’s SOL token to retract following a visible three-wave correction pattern. He forecasts a 7% reduction from its present trading value, which could see the digital currency revisiting the $160 level. The latest data shows SOL achieving a modest increase, trading at $176.14.</p>
<h2 id="points-to-consider">Points to Consider</h2>
<ul>
 <li>WIF could decline by 69% to a value of $1, indicating a significant correction phase.</li>
 <li>SOL might face a 7% drop, potentially retracting to $160 as per Bluntz’s analysis.</li>
 <li>Investors and traders should monitor the 0.786 Fibonacci level for WIF and the $160 mark for SOL as critical points of interest.</li>
</ul>
<p style="text-align: justify">Bluntz’s predictions are generating interest among the crypto community, as these assets prepare for potential downward adjustments. Market participants are advised to keep a close watch on these developments and consider the impact on their investment strategies.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/prominent-analyst-foresees-significant-drops-for-wif-and-solana" rel="noopener noreferrer nofollow">Prominent Analyst Foresees Significant Drops for WIF and Solana</a></h5>

Prominent Analyst Foresees Significant Drops for WIF and Solana

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