Top crypto strategist sees memecoin dogwifhat (WIF) now up over 350%.
Earlier this month, anonymous analyst Blunts told his 265,200 followers that WIF was in the early stages of a new fifth-wave surge.
Analysts use Elliott Wave Theory, which explains that bullish assets tend to go through a five-wave rally after completing an ABC corrective move.
With WIF currently trading at $2.21, Bluntz believes that WIF’s ABC correction is over and that Mimecoin is ready for a massive upside move.
“The $10 WIF is coded by law.
Once it gets going, do you think people who missed the last run from Cent to $5 will miss the second run?
“Absolutely impossible.”
The analyst is also bullish on fellow Mimecoin FLOKI. He believes FLOKI has completed its ABC correction and is ready for a rally to a new all-time high around $0.00045.
Blunts added that FLOKI is showing a bullish divergence on the daily chart, which suggests a trend reversal is in the cards.
“Floki is one of my favorite memes right now.
The ABC structure is clearly visible, with 5 waves clearly visible within the C and high time frames (upward divergence).
I think it’s the best record ever.”
At the time of writing, FLOKI was valued at $0.00019.
Another memecoin on Bluntz’s list is the Solana (SOL)-based altcoin Popcat (POPCAT). According to the analyst, POPCAT is on the verge of blue skies after breaking through its last resistance level of $0.72.
“It was published without comment.
“Popcat.”
At the time of writing, POPCAT is trading at $0.853, up about 13% on the day.
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