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Altcoin Analysis

Memecoin WIF Could Be Poised for Major Rebound, Analyst Suggests

Memecoin WIF Could Be Poised for Major Rebound, Analyst Suggests

A popular crypto analyst who gained recognition for accurately calling Bitcoin’s 2018 bottom is now turning attention to an unlikely contender: a Solana-based memecoin.

The trader, known online as Bluntz, has pointed to dogwifhat (WIF) as a token to watch, forecasting the potential for a dramatic rebound. According to their analysis, WIF could surge over 470% from its current price levels, potentially surpassing its previous all-time high reached in March 2024.

The analyst bases this prediction on Elliott Wave theory, a technical framework that suggests prices move in structured five-wave patterns during an uptrend. Bluntz believes WIF began such a formation earlier this month, signaling the possible start of a fresh bull cycle.

However, the path upward may not be immediate. In the near term, the analyst anticipates a minor correction—possibly around 10%—before momentum resumes. On shorter timeframes, WIF has shown a complete five-wave pattern from its recent lows, which typically precedes a temporary cooldown before another upward move.

WIF, known more for its meme appeal than fundamentals, remains speculative. Still, with many memecoins staging surprising rallies in the current market climate, Bluntz’s projection has caught the attention of traders looking for the next breakout candidate in the Solana ecosystem.

As always, forecasts in the crypto world come with high volatility and risk—but if the chart holds, WIF may be one of the unexpected stories to watch in the coming months.

Author
Alexander Stefanov

Reporter at Coindoo

Alex ist ein erfahrener Finanzjournalist und Krypto-Enthusiast. Mit mehr als 8 Jahren Erfahrung in der Berichterstattung über die Krypto-, Blockchain- und Fintech-Branchen ist er mit der komplexen und sich ständig weiterentwickelnden Welt der digitalen Vermögenswerte bestens vertraut. Seine aufschlussreichen und zum Nachdenken anregenden Artikel vermitteln den Lesern ein klares Bild von den neuesten Entwicklungen und Trends auf dem Markt. Sein Ansatz ermöglicht es ihm, komplexe Ideen in leicht verständliche und aufschlussreiche Inhalte zu zerlegen. Verfolgen Sie seine Veröffentlichungen, um über die wichtigsten Trends und Themen auf dem Laufenden zu bleiben.

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