The analysts known to be creating Altcoin Call in a timely manner think that Memecoin, which runs on Solana (SOL), is preparing for a huge rise.
Bluntz, a pseudonym analyst, says the Memecoin SPX6900 (SPX) is a steep surge in the principle of Elliott Wei theory to 319,800 followers in social media platform X. Elliott Wei Theory Theory, a high -quality technical analysis approach to predict future price behavior through crowd psychology, which tends to represent waves.
According to the theory, optimistic assets tend to witness 5 rally, and 3 represents the longest and steepest rise.
Bluntz says.
“SPX looks crazy. The lowest price behavior in March is 1-2 seconds, no 3 waves yet, and later set the stage of a parabolic line.”
Based on the trader’s chart, he seems to predict that SPX will rally at $ 2.20. At the time of writing, the value of SPX is $ 1.10.
Analysts are also optimistic about Dogwifhat (WiF), another Solana -based memecoin. The merchant predicts that the WIF will record $ 1.25 in the short term.
“The movement of the WIF has already recovered the range well and I saw an impulsive appearance in my opinion. I think this fullback is four low lows.”
At the time of writing, the value of the WIF is $ 0.97.
Looking at the wider Altcoin market, Bluntz believes that a group’s coins may surpass all other tokens.
“When the actual altcoin bid is returned, the meme is always the strongest.
It doesn’t matter how bad you want to want the foundation. Because at the end of the day we go to all steams, we all know. ”
But beyond the encryption market, the trader said he was seeing his silver.
“The Silver/GOLD ratio seems to have started rolling with Silver on USD.
Regarding gold price behavior, I think $ 75 beyond the realm of possibilities. ”
At the time of writing, silver is worth $ 34.50.
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Created image: Midjourney