The widely respected cryptocurrency analyst and trader has expressed optimism about the altcoin in the Solana (SOL) ecosystem, which has surged by triple digits in four weeks.
Analyst known by the pseudonym Bluntz says 244,400 followers on social media platform
According to the anonymous analyst’s chart, Memcoin appears to have completed a three-wave pattern, which would signify the end of a correction according to Elliott Wave Theory.
According to Elliott Wave Theory, major trends in asset prices move in a five-wave pattern, while minor corrective trends move in a three-wave pattern.
WIF is trading at $2.08 at the time of this writing, up 994% from its closing price of $0.190 on February 7.
Depending on the For Bluntz, WIF could rise up to 44% from current levels during the next leg of the rally.
“Next time it’ll be $2.50 – $3, but you won’t believe it.”
Blunts too proposal Here are his predictions for the Pepe (PEPE) memecoin, which has seen triple-digit gains over the past 30 days.
“There is no impulsive decline in PEPE yet, it is still showing a correction and we still expect new highs from here.”
As of this writing, PEPE is trading at $0.000008116, up about 780% over the past month. The 1000PEPE perpetual contract tracks Pepe tokens and, as the symbol suggests, represents 1,000 PEPE tokens.
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