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Known for his accurate predictions, anonymous crypto analyst Bluntz has expressed expectations for a surge in Dogwifhat (WIF), a memecoin based on Solana. The analyst also shared his bullish outlook for the altcoin king Ethereum (ETH).
Ambitious Target for Dogwifhat (WIF): 1 Dollar
The anonymous crypto analyst Bluntz told his followers on his personal account on the social media platform that the Dogwifhat memecoin could potentially gain about 359 percent from its current level. Bluntz stated, “If you think it won’t reach at least 1 dollar, you’re greatly underestimating how stupid we can be.”
Looking at the price chart shared by the analyst, it is seen that Bluntz expects Dogwifhat/Solana (WIF/SOL) trading pair to first establish a bottom and then begin to rise.
At the time of writing this article, Dogwifhat’s WIF has seen a 17.27 percent decrease in the last 24 hours, trading at $0.202. It is worth noting that the altcoin has still increased by 101 percent in just the last 7 days despite this drop.
Bluntz Expects Ethereum (ETH) to Hit $2,900
Following Dogwifhat, Bluntz turned his attention to the altcoin king Ethereum, stating that ETH is in a downtrend against Bitcoin (BTC) on the weekly timeframe and has formed a bullish divergence because the Relative Strength Index (RSI), a momentum indicator used to identify overbought or oversold market conditions, is trending upwards.
According to Bluntz, the ETH/BTC trading pair has also made a false breakout downward, which is a strong bullish signal.
Commenting on the Ethereum/US dollar trading pair, the analyst said that the altcoin king could rise above $2,900. Looking at Bluntz’s ETH chart, it is seen that Ethereum is expected to form the second wave of a five-wave formation on the four-hour chart as it progresses upwards. According to Elliott Wave Theory, the price of an asset moves within a five-wave pattern in the direction of the main trend.
