Solana

dogwifhat

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-significant-price-increase-for-wif/" data-wpel-link="internal">Analyst Predicts Significant Price Increase for WIF</a> 
In the cryptocurrency world, <a href="https://en.coin-turk.com/solana-captures-market-spotlight-with-remarkable-growth/" data-wpel-link="internal">Solana</a> and meme coins have recently made a significant impact. Especially in the last quarter of 2023 and March 2024, these tokens dominated the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> and gained a substantial market volume. Amidst all this, a renowned analyst made important statements about one of the meme coins that marked March. 
<h2 style="text-align: justify" id="analyst-s-wif-comment">Analyst’s WIF Comment</h2> 
One of the analysts who has attracted attention with his analyses made a significant and bullish price prediction about dogwifhat (WIF), the most voluminous meme coin of Solana (SOL), drawing all attention to himself. 
The analyst named Bluntz made important statements via X and noted that WIF has already started a new five-wave price movement and is in its initial phase. 
Bluntz supported his analysis with the Elliott Wave theory, which helps to examine the five-wave upward movement of an asset expected to move bullishly. According to the trader, WIF might rise to $11 before November, as shown in the graph below. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-367355" src="https://coin-turk.com/wp-content/uploads/2024/07/abcde-coin-turk-com.png" alt="" width="828" height="690"> 
<blockquote> 
 Don’t be afraid to dream a little bigger. WIF. 
</blockquote> 
As of the time of writing, WIF is trading at $2.17, and it is believed that WIF could experience an increase of over 386% if it reaches the levels mentioned by the analyst. 
<h2 style="text-align: justify" id="bitcoin-price-analysis">Bitcoin Price Analysis</h2> 
On the other hand, the analyst also examined Bitcoin (BTC). Bluntz noted that Bitcoin continued its rise after converting the $60,000 level, which once served as resistance, into support. 
<blockquote> 
 I couldn’t have thought that BTC’s three-month chart was in a downtrend. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-367356" src="https://coin-turk.com/wp-content/uploads/2024/07/wif-2-coin-turk-com.png" alt="" width="951" height="792"> 
Bluntz, who conducted a weekly analysis for Bitcoin, shared a chart showing that BTC is moving in a triangle formation (below). According to the <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a>, BTC could drop to $62,000 (wave E) and then rally to $68,000 (wave D). 
<blockquote> 
 Cracking BTC weekly is now shaping up. 
</blockquote> 
Additionally, in the chart he drew, he seems to suggest that BTC could target above $80,000 after wave E. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-367357" src="https://coin-turk.com/wp-content/uploads/2024/07/wif-1-coin-turk-com.png" alt="" width="917" height="921"> 
As of the time of writing, BTC price remains at $62,000. BTC’s price movement reflected a 2.45% decrease on the charts. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-significant-price-increase-for-wif/" data-wpel-link="internal">Analyst Predicts Significant Price Increase for WIF</a></h5>

Analyst Predicts Significant Price Increase for WIF

Table of Contents

COINTURK NEWS

Other articles published on Jul 2, 2024

Shiba Coin Faces Investor Decline

Metaplanet Buys $1.2M Worth of Bitcoin “to Boost Holdings”

Cardano updates MiCA compliance indicators 6 months ahead of the curve

U.S. Spot Bitcoin ETFs Record $129M Net Inflows on July 1

1.28 Trillion PEPE Exits Binance in Epic Whale Shift

Forget BONK Price For a Second – Here’s What This Meme Coin Did for the Solana Ecosystem

Join our free newsletter for daily crypto updates!