Bitcoin‘s (BTC) price prediction prowess during the 2018 bear market made the crypto analyst Bluntz well-known, and now he has set his sights on a memecoin operating on the Solana (SOL) network. The analyst predicts that the altcoin he has added to his watchlist will reach a new record level.
Anticipating WIF to Refresh Record at $4.5
The anonymous crypto analyst Bluntz, who has tens of thousands of followers on social media platform X, predicts that the memecoin named dogwifhat (WIF) will rise to its all-time high of $4.50 following a brief respite, influenced by the Elliott Wave theory which suggests a five-wave movement pattern.
Despite a recent pullback, Bluntz emphasized that WIF needs one more leg to complete the five-wave structure and reach its all-time high. Currently trading at $3.06, WIF has seen a significant rise of over 35% in the last 24 hours, reflecting growing investor interest and optimism surrounding its potential rally.
Also Optimistic About Solana’s SOL
In addition to his bullish expectations for WIF, Bluntz also spoke optimistically about Solana’s SOL. Comparing SOL’s performance during the downturn with other altcoins, the analyst highlighted that it has shown a very strong performance and possesses more upside potential.
Bluntz’s strategy, contrary to the common investment strategy of targeting assets that have seen significant declines, focuses on altcoins that have shown strength during market downturns. SOL’s rise of over 8% in the last 24 hours, surpassing the $200 threshold, validates the analyst’s strategy.
SOL’s strong performance amidst the market’s sharp movements makes it attractive to investors seeking stability and potential high returns in the volatile cryptocurrency market. As Bluntz’s analysis suggests, SOL’s robust stance makes it an investable altcoin for those looking for appealing opportunities amid market uncertainties.
