Memecoins
Analyst Says Dogwifhat (WIF)’s New All-Time High Is ‘Coded Into Law’, Predicts Rallies for Two Other Memecoins
A top crypto strategist believes that the memecoin dogwifhat (Wireless) is now on track to see an increase of more than 350%.
Earlier this month, pseudonymous analyst Bluntz said Its 265,200 subscribers said the WIF was at the start of a new five-wave wave.
The analyst relies on Elliott Wave Theory, which states that a bullish asset tends to go through a five-wave rally after completing an ABC corrective move.
With WIF now trading at $2.21, Bluntz believes that the WIF ABC correction is over and the memecoin is ready to trigger a massive bullish move.
“$10 WIF is coded by law.
Once this starts to play out properly, do you think everyone who missed the last round of $5 cents will miss the second round?
No chance.”
Source: Bluntz/X
The analyst is also optimistic about his meme counterpart Floki (FLOKI). He believes FLOKI has completed its ABC correction and is preparing for a rally to a new all-time high at around $0.00045.
Bluntz adds that FLOKI is also displaying bullish divergence on the daily chart, indicating that a trend reversal could be in the offing.
“Floki is one of my favorite memes right now.
Clear ABC macro structure as day, five waves clearly visible in the C and high time frame [bullish divergence] at the lowest.
A historic record on the way, in my opinion.
Source: Bluntz/X
At the time of writing, FLOKI is worth $0.00019.
Another memecoin on Bluntz’s list is Solana (GROUND)-altcoin based on Popcat (POPCAT). According to the analyst, the sky is blue for POPCAT after breaking through its last resistance level at $0.72.
“Presented without comment.
“Popcat.”
Source: Bluntz/X
At the time of writing, POPCAT is trading at $0.853, up nearly 13% on the day.
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