A widely respected cryptocurrency analyst and trader is expressing bullish sentiments about the Solana-based memecoin.
Analyst known by the pseudonym Bluntz says 236,100 followers on the
“If you think this won’t cost at least a dollar, you greatly underestimate how stupid we can be.”
WIF is trading at $0.218 at the time of this writing.
According to the anonymous analyst’s chart, Bluntz appears to be hinting that the dogwifhat/Solana (WIF/SOL) pair has formed two consecutive lower lows this year after previously bottoming on the 4-hour chart.
Convert to Ethereum (ETH), Bluntz Called Paired with Bitcoin (BTC), the second-largest cryptocurrency asset by market capitalization is forming a bullish divergence on the weekly chart, with the price trending lower, while the Relative Strength Index (RSI) indicates overbought or overbought. It is a momentum indicator used to determine whether. Oversold market conditions are on the rise.
According to Bluntz, the ETH/BTC pair has also seen a “fake to the downside,” which is a “very bullish signal.”
As of this writing, ETH is trading at 0.05643000 BTC ($2,597).
Regarding the Ethereum/US dollar pair, an anonymous analyst is suggesting that the second largest cryptocurrency asset could soar above $2,900. According to Blunts: chart, Ethereum may rise, forming the second wave of a 5-wave pattern on the 4-hour chart. According to Elliott Wave Theory, the main trends in asset prices move in a five-wave pattern.
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