dogwifhat

Solana

Myro

Memecoin

<div class="dailyhodl">
 <p>A widely followed crypto analyst is expressing bullish sentiment on a little-known altcoin built on the smart contract platform Solana (SOL).</p>
 <p>Pseudonymous crypto strategist Bluntz tells his 247,700 followers on the social media platform X that memecoin Myro (MYRO) appears to be following in the footsteps of dogwifhat (WIF), another SOL-based meme asset.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
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 <p>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>, MYRO is mirroring the price action displayed by WIF days ago before it saw a surge of about 80%.</p>
 <p>The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction takes place in a three-wave pattern.</p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GIkLICqbUAAE7wo?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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 </figure>
 <p>MYRO is trading at $0.405 at time of writing, a 9.6% gain on the day, while WIF is trading for $3.29. On March 12th, WIF was moving for $1.87.</p>
 <p>According to the analyst, MYRO could rally exponentially after breaking out from a descending channel.</p>
 <p><em>“Not much time left before the MYRO god candle. Everyone’s going to be wishing they had bought some when the $0.45 all-time high breakout happens and it starts doing rapid multiples.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GInmontbYAA8DH-?format=jpg&amp;name=large" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Bluntz/X
  </figcaption>
 </figure>
 <p>Moving on to Solana, Bluntz says that it is destined to appreciate by double-digits against both Bitcoin (BTC) and Ethereum (ETH) after completing a three-wave downward-sloping pattern against each of the top two digital assets by market cap.</p>
 <p>According to the analyst, Solana could record even higher gains against the US dollar while BTC hits a six-figure price tag sometime this cycle.</p>
 <p><em>“Expecting at least 60% higher against both cross pairs, all while I think BTC is going greater than $120,000 this cycle. I’ll let you draw your own conclusions as to where SOL/USD might be heading.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GIkT1g1aMAAP3GD?format=jpg&amp;name=large" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Bluntz/X
  </figcaption>
 </figure>
 <p>Solana is trading at $172 at time of writing while Bitcoin and Ethereum are trading for $72,917 and $3,950, respectively.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-analyst-says-under-the-radar-altcoin-mirroring-price-action-of-dogwifhat-just-before-the-memecoin-exploded-tbt82593.html">https://thebittimes.com/top-analyst-says-under-the-radar-altcoin-mirroring-price-action-of-dogwifhat-just-before-the-memecoin-exploded-tbt82593.html</a></p>

Top Analyst Says Under-the-Radar Altcoin Mirroring Price Action of Dogwifhat Just Before the Memecoin Exploded

TheBitTimes

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