Solana

<div class="dailyhodl">
 <p>A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a Solana (SOL) ecosystem memecoin.</p>
 <p>The analyst pseudonymously known as Bluntz tells his 240,300 followers on the social media platform X that dogwifhat (WIF) is on the cusp of breaking through its all-time high of around $0.47 (and which is now a major resistance level) and embarking on an irreversible rally.</p>
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 <p><em>“What if I told you this next leg on WIF is going to be the one that goes turbo parabolic? No more pulling back at $0.50 resistance, this is going to be the push that goes crazy in my opinion.”</em></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/GGznWiUbMAAy8kf?format=jpg&amp;name=large" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Bluntz/X
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 <p>Based on Bluntz’s chart, it appears that the analyst is suggesting that WIF has formed a descending channel chart on the four-hour chart from which it could break out to the upside after testing the lower boundary. It also appears that the analyst is suggesting that WIF has established a support level at around $0.289, a level which coincides with the 68.2% Fibonacci retracement level. The Fibonacci retracement level is a technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> tool that’s used to determine areas where price could reverse.</p>
 <p>WIF is trading at $0.366 at time of writing, up by 7,556% from a price of $0.00478 on December 13th.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-analyst-says-dogecoin-rival-that-s-up-over-7-500-in-less-than-three-months-about-to-go-turbo-parabolic-tbt80485.html">https://thebittimes.com/top-analyst-says-dogecoin-rival-that-s-up-over-7-500-in-less-than-three-months-about-to-go-turbo-parabolic-tbt80485.html</a></p>

Top Analyst Says Dogecoin Rival That’s Up Over 7,500% in Less Than Three Months About To Go ‘Turbo Parabolic’

TheBitTimes

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