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

Obsah

COINTURK NEWS

Ďalšie články zverejnené 2. 7. 2024

One hundred million dollars will be distributed to cryptocurrency startups by the Lugano investme...

Investment Alert: Altcoins Poised for Explosive Growth This Year

Ripple’s CLO Compares Crypto to Interent

Solana Shows Signs of a Potential Price Surge

Top 10 Crypto Unlocks to Watch in July: Altlayer (ALT) and Aptos (APT) Dominate

Pudgy Penguins Is Heading To The Moon – Its NFT Sales Rise 400% In The Past 24 Hrs

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!