The analysts who have been widely followed are expected to strengthen the MEMECOIN of Solana (SOL) ecosystems, given that cryptographic assets lose 72%of their values in history.
The analyst, known as Bluntz, tells the bottom of 314,000 followers in the social media platform X that the bottom would have come to the bottom after completing the three -wave pattern modification in the weekly time.
In the technical analysis, the analyst who applied Elliott Wave theory regularly lasts longer than originally expected, but there are “some signs of life formation” at Memecoin’s low time. Elliott Wave Theory says modifications occur in three wave patterns while the main trend of asset prices is moving to 5 wave patterns.
Bluntz says that Bluntz is too early to speak.
“Obviously we haven’t seen a five -wave rise in the lowest point in the early days, but I think it’s likely that it has begun to be formed.”
WIF is trading at $ 1.32 for writing.
The following is Bitcoin (BTC). According to the widely followed analyst, Bitcoin can potentially form a “cruel” swing failure pattern (SFP) in the disadvantages of the two -week chart. Swing failure pattern is a technical analysis tool used to determine the potential point of the trend reversal.
“Bitcoin is not a cruel two -week SFP.”
Bitcoin is trading for $ 101,912 at the time of writing.
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Created image: Midjourney