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Crypto Analyst's Ambitious Prediction for Dogecoin Rival: The Rally Fever Will Continue!
The cryptocurrency analyst, known by the pseudonym Bluntz, continues to come to the fore with his recent posts. In his latest post, the analyst made a new prediction about the price of Dogwifhat (WIF), which has recorded huge gains in less than a month.
Bluntz thinks that the meme coin, which quickly became popular, could reach a new peak price after reaching a bottom price of around $0.10. According to the analyst, in addition to the bottom price, the current market cycle should also come to an end.
Based on Dogwifhat's daily chart, the analyst used the "Elliott Wave Theory" to state that the WIF is currently in the second wave of a "five-wave" pattern. With the end of this second wave, the price has the potential to reach $1.
As we reported Koinfinans.com, the Elliott Wave Theory uses the "five waves" theory to analyze the price of an asset and suggests that the price follows these movements. A corrective wave usually occurs in three waves.
While the Dogwifhat price was trading at $0.321, it has attracted attention, skyrocketing over 320% so far from a low of $0.0759 on January 8.
Bluntz, who previously shared his views on the price of Solana**, elaborated on his prediction, suggesting that the SOL price could rise by over 72% to $150.
Commenting on the last eight-hour period of the SOL price chart, Bluntz thinks that a three-wave downtrend has been completed and that an uptrend is now coming.
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