A top trader who is known for doing timely Altcoin forecasts says that a Dogecoin (doge) challenger is ready for a parabolic increase.
Pseudonym analyst Bluntz tells his 304,300 followers on the social media platform X that the time comes for vertical Shiba Inu (Shib) rallies.
The trader shares a graph that suggests that Shib may almost repeat his price action in the early 2024 when it exploded by around 450% in just two months.
“Shib looks incredibly strong, it is clear in a solid upward trend, but it is a controlled, not yet a parabolic break …
But it is coming, Shib/BTC pair also accumulates on the bottom. I think this will attract several XS. “
At the time of writing, Shib acts for $ 0.0000276.
Another memecoin on the trader’s radar is the Solana (SOL) based on Altcoin Dogwifhat (Wif). Bluntz says that Wif seems to be in the early stages of a five-wave trend that could propel the meme token to double digits.
“$ 10+ Wif is inevitable.”
Bluntz practices the Elliott golf theory, which states that a bullish is actively tended to see an increase of five wave before he completes an impulsive movement. Based on the graph of the trader, he seems to predict that Wif could climb up to $ 12.
At the time of writing, WIF is worth $ 3.41.
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Generated image: midjourney