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Famous crypto currency analyst and trader Bluntz continues to expect a rise in Myro (MYRO), a low-capital memecoin built on the Solana (SOL) Blockchain, which has seen a notable increase of over 100 times in just a few months. The analyst believes that MYRO’s eight-hour price chart, especially after its recent double-digit correction, presents a significant opportunity for upward potential.
Bluntz Anticipates MYRO to Reach $0.55
Using the Elliott Wave theory in his technical analysis, Bluntz suggests that MYRO is currently in the last leg of a five-wave formation and signals a potential rise of about 163% from its current price. According to the analyst’s analysis, MYRO could reach its all-time high of approximately $0.55.
As is known, the Elliott Wave theory assumes that the price trend of an asset typically moves within a five-wave pattern and that corrections occur in three-wave models. The price chart shared by Bluntz shows that MYRO follows this model and offers an opportunity for investors who may have missed previous fluctuations seen in dogwifhat (WIF).
MYRO is currently trading at $0.209 and has seen a significant rise from its all-time low of $0.001995 reached on November 12, 2023. The analyst’s analysis indicates that MYRO has significant potential for further rise and shows great parallels with the general bullish expectations surrounding altcoins in the crypto currency market.
Bluntz Raises Expectations with WIF Commentary
In addition to MYRO, Bluntz also indicates an expected rise in the altcoin dogwifhat‘s WIF. According to his analysis, WIF is about to complete its fifth wave on the daily chart and could potentially reach a price just below $5, setting a new record.
Bluntz’s particular focus on memecoins built on the Solana Blockchain follows the high hype in this area, drawing the attention of investors. The general memecoin hype and the hype around Solana Blockchain-based memecoins have put altcoins like MYRO and WIF on the radar of investors looking for strong growth opportunities in the market.
