An anonymous crypto analyst known for making accurate altcoin predictions has identified a meme coin that is poised for a significant price surge.
Referred to as Bluntz, the analyst shared his insights with his large following on the social media platform X, suggesting that the Solana-based meme token dogwifhat (WIF) is on the verge of experiencing substantial gains.
Bluntz highlighted multiple bullish signals for dogwifhat against Solana (WIF/SOL), indicating a potential reversal and a strong upward trend.
“SOL is currently leading the market, and WIF/SOL is showing signs of bottoming out.
There is a significant divergence with a five-wave pattern on the four-hour chart.
Given the extremely bullish nature of SOL, I believe WIF is about to see significant growth.
My bags are ready for the ride.”
Bluntz utilizes the Elliott Wave theory, which suggests that an asset’s trend typically ends after a five-wave movement. Based on his analysis, WIF/SOL has completed a five-wave correction, indicating that the meme coin is ready to surpass Solana in terms of performance.
As of the current writing, WIF is trading at $2.59, marking a nearly 6% increase for the day.
Shifting focus to the layer-1 protocol Sui (SUI), Bluntz expressed optimism about the altcoin’s potential for a wave-five rally to reach a new all-time high of $3.
At the time of writing, SUI is valued at $1.90, with a growth of over 10% in the past 24 hours.
The final altcoin mentioned by the analyst is Popcat (POPCAT). Bluntz shared a chart indicating that POPCAT is currently in the midst of a five-wave uptrend, targeting a price of around $2.10.
“A clear pattern on POPCAT has emerged, pointing towards a return to all-time highs in my opinion.”
Currently, POPCAT is trading at $1.69, reflecting a more than 15% increase in the last day.
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