The cryptocurrency analyst, known by the pseudonym Bluntz, continues to come to the fore with his recent posts. In his last post, the analyst noted that dogwifhat A new prediction about (WIF) price found.
Bluntz thinks that the meme coin, which became popular in a short time, may reach a peak price again after reaching a bottom price around $0.10. According to the analyst, in addition to the bottom price, the current market cycle must also end.
Based on Dogwifhat’s daily chart, the analyst used the “Elliott Wave Theory” and stated that WIF is currently in the second wave of a “five-wave” formation. With the end of this second wave, the price has the potential to reach $1.
As we reported as Koinfinans.com, Elliott Wave Theory uses the “five waves” theory when analyzing the price of an asset and suggests that the price follows these movements. A corrective wave usually occurs in three waves.
While Dogwifhat price is trading at $0.321, it has jumped over 320% so far from the low price of $0.0759 on January 8th.
Common Opinion for Solana from Three Traders: This Level is Suitable for Buying Before the Rally!
Before solana Expressing his views on the price, Bluntz detailed his prediction and suggested that the price of SOL could rise to $ 150, an increase of over 72%.
Commenting on the last eight-hour period of the SOL price chart, Bluntz thinks that a three-wave downtrend has been completed and now the uptrend will come.
