In the cryptocurrency world, Solana and meme coins have recently made a significant impact. Especially in the last quarter of 2023 and March 2024, these tokens dominated the market and gained a substantial market volume. Amidst all this, a renowned analyst made important statements about one of the meme coins that marked March.
Analyst’s WIF Comment
One of the analysts who has attracted attention with his analyses made a significant and bullish price prediction about dogwifhat (WIF), the most voluminous meme coin of Solana (SOL), drawing all attention to himself.
The analyst named Bluntz made important statements via X and noted that WIF has already started a new five-wave price movement and is in its initial phase.
Bluntz supported his analysis with the Elliott Wave theory, which helps to examine the five-wave upward movement of an asset expected to move bullishly. According to the trader, WIF might rise to $11 before November, as shown in the graph below.
Don’t be afraid to dream a little bigger. WIF.
As of the time of writing, WIF is trading at $2.17, and it is believed that WIF could experience an increase of over 386% if it reaches the levels mentioned by the analyst.
Bitcoin Price Analysis
On the other hand, the analyst also examined Bitcoin (BTC). Bluntz noted that Bitcoin continued its rise after converting the $60,000 level, which once served as resistance, into support.
I couldn’t have thought that BTC’s three-month chart was in a downtrend.
Bluntz, who conducted a weekly analysis for Bitcoin, shared a chart showing that BTC is moving in a triangle formation (below). According to the data, BTC could drop to $62,000 (wave E) and then rally to $68,000 (wave D).
Cracking BTC weekly is now shaping up.
Additionally, in the chart he drew, he seems to suggest that BTC could target above $80,000 after wave E.
As of the time of writing, BTC price remains at $62,000. BTC’s price movement reflected a 2.45% decrease on the charts.
