Ethereum

Myro

dogwifhat

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 A widely followed analyst is expressing bullish sentiment on a leading Ethereum (ETH) competitor as the total crypto market cap approaches $3 trillion.
 The analyst pseudonymously known as Bluntz tells his 247,200 followers on the social media platform X that Solana (SOL) is about to go up even higher after gaining by 92% from the January 23rd low of $79.
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 “Solana looks like it’s been vertically accumulating since the January 23rd low, the floodgates open soon in my opinion.”
 Solana is trading at $152 at time of writing, up by approximately 591% from the close of $22 reached on October 14th, 2023.
 Next up is the Solana-based memecoin dogwifhat (WIF). According to Bluntz, who regularly applies the Elliott Wave theory in his technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, WIF has potentially ended a short-term downtrend on the one-hour chart after completing a five-wave pattern within the last wave of a correctional three-wave pattern.
 The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern.
 Based on Bluntz’s chart, it appears that the analyst sees WIF potentially reaching a price of $2.80 from the current level.
 <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/GIfsKiBaUAA1wUZ?format=jpg&amp;name=small" alt="" width="1063" height="499">
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 Source: Bluntz/X
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 WIF is trading at $2.31 at time of writing.
 Next up is the Solana-based low-cap memecoin Myro (MYRO). According to Bluntz, MYRO is set to soar even higher.
 “Still the ONLY dog coin under a billion dollars on multiple tier-1 exchanges now, but not for long.
 MYRO.”
 MYRO is trading at $0.339 at time of writing and has a market cap of slightly over $338 million.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/floodgates-open-soon-altcoin-that-s-exploded-over-590-in-five-months-primed-for-more-upside-top-analyst-tbt82506.html">https://thebittimes.com/floodgates-open-soon-altcoin-that-s-exploded-over-590-in-five-months-primed-for-more-upside-top-analyst-tbt82506.html</a>

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TheBitTimes

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