The cryptocurrency strategist, who continues to build a following through timely altcoin calls, believes that one memecoin is poised to witness a major upside.
Alien analyst Bluntz told his 289,900 followers on social media platform
Bluntz notes that dogwifhat is sending several bullish signals for Solana (WIF/SOL), indicating that the memecoin is preparing for a big reversal.
“SOL is currently leading the market and WIF/SOL is bottoming out.
On the 4-hour chart (chart), there are 5 major declines and significant divergence.
With SOL looking insanely optimistic, it looks like WIF is about to turn mental.
“My bags are all packed.”
Bluntz practices Elliott Wave theory, which states that trends in assets tend to end after five waves. Based on the trader charts, he appears to be suggesting that WIF/SOL has completed a five-wave correction, which suggests that Memcoin is poised to outperform Solana.
As of this writing, WIF is trading at $2.59, up nearly 6% on the day.
Turning to layer-1 protocol Sui (SUI), Bluntz believes the altcoin is in the early stages of a five-wave rally to hit a new all-time high of $3.
“SUI macro wave 4 is almost complete, reaching the 0.38 Fibonacci level of macro wave 3, still looking for a new ATH and a 5th wave rise.”
As of this writing, the value of SUI is $1.90, up more than 10% in the last 24 hours.
The last altcoin on traders’ radar is Popcat (POPCAT). Bluntz shares a chart that suggests POPCAT is in the midst of a five-wave uptick with a target price of around $2.10.
“I think POPCAT’s stunning apartments were also completed over the weekend and on their way to an ATH (all-time high) again.”
As of this writing, POPCAT is trading at $1.69, up more than 15% in the past day.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney