Cryptocurrency analyst Bluntz is predicting a 50% rally for a memecoin based on the Solana blockchain. Bluntz, who has a large following on social media, believes that the altcoin, known as dogwifhat (WIF), is showing bullish signals that suggest it may experience a relief rally before continuing its overall downtrend. While Bluntz acknowledges that WIF looks destined to reach around $1 in the long term, he expects a bounce first, with a potential rise to $3-3.4. The analyst uses the Elliott Wave theory to analyze price movements and believes that WIF has completed a five-wave move down and is now primed for an ABC correction upward. However, Bluntz also expects WIF to eventually fall to around $1. Currently, WIF is trading at $2.57.
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Top Crypto Analyst Predicts 50% Rally for Solana-Based Memecoin – Here Are His Targets
