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Bitcoin‘s (BTC) anonymous crypto analyst Bluntz, known for accurately predicting the 2018 bear market bottom, announced an uptrend in two leading memecoins. Over the weekend, Bluntz observed a steady uptrend and expressed his excitement for a potential resurgence of a memecoin season in the crypto market.
Dogwifhat (WIF)
The anonymous crypto analyst known as Bluntz has announced his expectation for a significant rise in two memecoins. The analyst emphasized his optimism for the Solana-based memecoin Dogwifhat (WIF), pointing out its consistent pattern of forming higher lows after completing a three-wave correction movement.
Using the Elliott Wave theory, a technical analysis approach based on crowd psychology manifested in waves, Bluntz noted that WIF has been trading within a significant accumulation bottom since its inception, creating higher lows after each correction movement.
According to Bluntz’s analysis, WIF appears to be on the verge of breaking out of an ascending triangle formation, indicating a potential rally towards a $1.40 target. At the time of writing, WIF has seen an increase of over 42% in the last 24 hours, trading at $0.507, reflecting Bluntz’s bullish expectations.
Pepe (PEPE)
In addition to WIF, Bluntz also identified another popular memecoin, Pepe (PEPE), as a promising altcoin on the rise. Sharing a chart that shows PEPE completing a three-wave correction movement, Bluntz claimed that the altcoin is ready for a rally towards its $0.0000022 target.
Currently at the $0.000001832 level, PEPE has experienced a notable increase of over 30% in the last 24 hours, moving in line with Bluntz’s bullish expectations.
Although Bluntz’s price predictions, like the ones currently presented, often attract significant interest from investors, it is important to be aware that memecoins are highly volatile assets. This means that deviations from the analyst’s predicted levels are possible, or there could be sharp movements during the rise for both PEPE and WIF.
