Forecast: Solana Memecoin Eyes 50% Surge, According to Prominent Analyst
Trader Bluntz, renowned for precise altcoin predictions, suggests a significant upturn for one particular memecoin.
With over 261,500 followers on X, Bluntz shares insights on dogwifhat (WIF), expressing a short-term bearish outlook but anticipating a notable surge. Analyzing bullish indicators, Bluntz predicts a potential 50% bounce for WIF before resuming its downward trajectory.
Employing Elliott Wave theory, he anticipates an ABC correction leading to a peak around $3-3.4, cautioning against shorting at these levels. However, he forecasts WIF ultimately dropping to $1 after the bounce. Currently trading at $2.57, WIF’s future movements remain under scrutiny amidst Bluntz’s analysis.
Clever Robot News Desk 19th June 2024
