A largely followed analyst and merchant who predicted precisely the bottom of the Bitcoin (BTC) in 2018 highlights a cryptographic asset which could increase by three -digit percentage points.
The known trader pseudonym under the name of Bluntz tells his 321,100 followers on the social media platform X as Dogwifhat (WIF), a same, built in the Solana ecosystem (soil), could increase by around 472% to recover and exceed High of all time recorded in March 2024.
“Still a lot of work to do and see the confirmation of price action, but I think there is a very real chance, a new pulse of return to all time on WIF has started.”
According to the analyst who regularly applies the theory of Elliott waves in his technical analysis, WIF began an increased trend this month in a five wave model. The Elliott wave theory indicates that the main trend of the price of an asset moves in a five wave model while a correction occurs in a three wave model. Based on Bluntz’s graph over the three -day period, WIF has managed to manage earlier this year.
In the short term, the pseudonym analyst says that WIF could undergo a correction before rallying. Based on the analyst’s table widely followed by the one hour period, WIF could withdraw from around 10% from the current level.
“The ascent of five very obvious waves of the bottom time for WIF, would expect a little withdrawal here before the next major step.”
WIF is traded at $ 0.845 at the time of the editorial staff.
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