Solana

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 A trader who accurately called Bitcoin’s (BTC) 2018 bear market bottom says he’s bullish on two memecoins.
 Pseudonymous analyst Bluntz tells his 240,800 followers on the social media platform X that the Solana (SOL)-based meme token dogwifhat (WIF) has been printing bullish higher low setups each time the asset completes a three-wave corrective move.
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 Bluntz is a practitioner of the Elliott Wave theory, a technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> approach that attempts to predict future price action by following crowd psychology that tends to manifest in waves.
 According to the theory, a bullish asset tends to witness a three-wave corrective move before the next leg up.
 Says Bluntz,
 “WIF has essentially been trading in a large accumulation base since inception, with constant impulsive rises and constant clear corrective three-wave moves back down, each time forming a higher low.
 Eventually, this base breaks out and moves higher and many will be surprised, but the signs were there.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHNmhGua0AAL9fv?format=png&amp;name=900x900" alt="Image" width="697" height="610">
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 Source: Bluntz/X
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 Looking at the analyst’s chart, he seems to suggest WIF is on the verge of breaking out from an ascending triangle pattern en route to rallying toward his target at $1.40.
 At time of writing, WIF is worth $0.507, up over 42% in the past day.
 Another altcoin on the trader’s radar is the memecoin Pepe (PEPE). Bluntz shares a chart that suggests PEPE has completed a three-wave corrective move and is now poised to rally toward his target at $0.0000022.
 “Nice steady push higher on PEPE all weekend.
 I like this setup a lot, meme season feels like it is heating up again.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHOSldvbEAAe79H?format=jpg&amp;name=large" alt="Image" width="1302" height="1187">
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 Source: Bluntz/X
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 At time of writing, PEPE is worth $0.000001832, up over 30% in the last 24 hours.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-trader-predicts-rallies-for-two-dogecoin-rivals-says-memecoin-season-is-heating-up-tbt81004.html">https://thebittimes.com/top-trader-predicts-rallies-for-two-dogecoin-rivals-says-memecoin-season-is-heating-up-tbt81004.html</a>

Top Trader Predicts Rallies for Two Dogecoin Rivals, Says Memecoin Season Is Heating Up

TheBitTimes

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