Bluntz: WIF and PEPE meme-cosines are ready for a major breakthrough

A cryptocurrency expert and investor who accurately predicted the bottom of the bitcoin bear market BTC $56,459.08 Bitcoin -3.08% Market capitalization $1.11 trillion VOL. 24 hours $4.5 billion in 2018 is optimistic about two meme tokens. According to his analysis, dogwifhat and Pepe will mark the beginning of a new season of growth for humorous cryptocurrencies.

The specialist known as Bluntz announced that the WIF token, built on the Solana blockchain SOL $134.42 Solana -0.35% Market capitalization $62.22 billion VOL. 24 hours $1.03 billion , shows maximum values every time the asset completes a three-wave correction. The trader expressed the opinion that since its inception, dogwifhat has been trading with a large accumulation base, with constant impulsive rises and clear back-and-forth movements, each time forming a higher local low. The expert suggests that WIF is on the verge of breaking out of the ascending triangle on its way to rising to $ 1.40.

At the time of writing, WIF was trading at $ 0.63. The value of the digital asset has increased by more than 42% per day. Over the week, the price increased by 74.24%.

Bluntz is a practitioner of the Elliott Wave Theory, an approach to technical analysis that attempts to predict future price action by following crowd psychology, which tends to manifest itself in the form of waves. According to the theory, a bullish asset tends to have a three-wave corrective movement before the next stage of growth.

Another meme token tracked by the trader is Pepe (PEPE), launched on the Ethereum blockchain ETH $2,968.85 Ethereum -5.34% Market capitalization $356.85 billion VOL. 24 hours $2.65 billion . Bluntz said that the digital asset has completed a three-wave correctional move and is now ready to rise to $ 0.22.

At the time of writing, the PEPE coin was worth $ 0.1 832. The price of the cryptocurrency has risen by 23.85% over the past 24 hours, and the growth over the past week was 125.3%.