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Bluntz is expecting a pretty strong run from WIF!
Today is the day of the bulls. While the leading cryptocurrency Bitcoin has exceeded 47 thousand dollars, morale is high in the market. In this positive environment, analysts expect explosive moves from some tokens. A popular analyst with the pseudonym Bluntz says that the bearish three-wave pattern on the daily chart of Solana-based meme coin dogwiffat (WIF) may come to an end.
In his work, the analyst regularly uses the Elliott Wave theory, a technical analysis concept that states that major trends occur in five-wave patterns, while corrections occur in three-wave patterns. According to his chart, Bluntz predicts that the price of WIF will rise by about 272% from its current level in a five-wave pattern.