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Bluntz, a well-known crypto analyst and trader, shared his bullish sentiments about the altcoin in the Solana (SOL) ecosystem, whose price has soared by 900% in four weeks. The analyst told his 244,400 followers on the X platform.
According to Bluntz, the dogwifhat (WIF) memecoin is ready for a significant surge in value after a V-shaped recovery on the hourly chart. Judging by the analyst’s chart, WIF has completed the formation of a three-wave pattern, which means the end of the correction, according to the Elliott wave theory.
The analyst is convinced that WIF can rise by 44% from the current level in the next stage of the rally. «$ 2.50 to $ 3 is next, but you won’t believe it now,» Bluntz wrote.
The analyst also published a forecast for the value of the Pepe memcoin (PEPE), which also recorded a triple-digit increase over the past 30 days. «There is no impulsive decline in PEPE yet, it still looks corrective, and I still expect new highs ,» the expert said.
A few days ago, we reported that the dogwifhat (WIF) memocurrency brought impressive profits to cryptocurrency traders, becoming one of the best performers. The WIF token reached a capitalization of $ 1.90 billion on March 4, making some of its investors millionaires. At the end of November 2023, a trader spent 5.28 SOL to buy 2.58 million WIF worth $ 310. According to Lookonchain, this stack is currently worth $ 4.1 million, or more than 30,000 SOL.