A high analyst recognized for making well-timed crypto calls is unveiling an enormous worth goal for the Solana (SOL)-based memecoin dogwifhat (WIF).
Pseudonymous analyst Bluntz tells his 264,200 followers on the social media platform X that WIF seems to be within the early phases of a recent five-wave rally.
Bluntz practices the Elliott Wave idea, which states {that a} bullish asset tends to undergo a five-wave upside transfer. The dealer shares a chart suggesting that WIF may skyrocket to as excessive as $11 by November of this 12 months earlier than concluding its five-wave surge.
“Don’t be afraid to dream somewhat larger.
WIF.”
At time of writing, WIF is buying and selling for $2.26, indicating an upside potential of over 386% if the memecoin hits the analyst’s goal.
The dealer can also be retaining an in depth watch on Bitcoin (BTC). Bluntz says he continues to be bullish on the crypto king after its most up-to-date quarterly candle flipped resistance at round $60,000 into help.
“Think about considering this BTC quarterly chart appears to be like bearish, couldn’t be me.”
Bitcoin’s weekly timeframe, Bluntz shares a chart suggesting that BTC is consolidating inside a triangle sample. In keeping with the chart, BTC appears to be like poised for a rally above $68,000 (D wave) earlier than a final leg right down to $62,000 (E wave).
“Cracking BTC weekly shaping up now.”
The chart additionally seems to counsel that BTC will escape and rally above $80,000 after the E-wave correction.
At time of writing, Bitcoin is buying and selling for $62,842.
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