Analyst Forecasts Impressive Gains for Altcoin that Surged Over 10,000% in Less than Six Months, Provides Updates on Dogwifhat
Renowned analyst Bluntz has made optimistic predictions for an altcoin built on Solana (SOL) that has experienced a meteoric rise of over 100 times within a couple of months. Bluntz shared his bullish sentiment with his 249,900 followers on the social media platform X, highlighting the potential upside for the low cap memecoin Myro (MYRO) on the eight-hour chart, following a significant correction.
Bluntz, who regularly utilizes the Elliott Wave theory in his technical analysis, believes that MYRO is currently in the final stage of a five-wave pattern. Based on Bluntz’s chart, there is a possibility of a 163% surge from the current price, leading to a new all-time high of approximately $0.55 for MYRO. The Elliott Wave theory suggests that asset prices follow a five-wave pattern in the main trend, with corrections occurring in three-wave patterns.
In addition, Bluntz also mentioned that there is an opportunity to catch up with MYRO for those who might have missed out on dogwifhat, another altcoin. However, Bluntz expects dogwifhat to outperform MYRO in the long run.
Currently, MYRO is trading at $0.209, experiencing an impressive increase of 10,389 times from its all-time low of $0.001995 recorded on November 12th, 2023.
Bluntz also shared insights on dogwifhat (WIF), suggesting that the fifth wave on the daily chart may soon be completed. According to Bluntz, this could potentially lead to a new all-time high for WIF, with the price just below $5.
At the time of writing, WIF is trading at $2.21.
It is important to note that the generated image used in this article is DALLE3.