• Crypto analyst Bluntz offers an optimistic outlook for memecoin dogwifhat (WIF) and smart contract platform Solana (SOL).
  • WIF, currently trading at $0.321, has seen a staggering 323% increase since January 8th, with Bluntz projecting a potential climb above $1.

Renowned blockchain analyst Bluntz, recognized for his technical expertise in the blockchain space, has recently shared compelling insights into the potential bullish trends for memecoin dogwifhat (WIF) and smart contract platform Solana (SOL).

Leveraging the advanced analytical tool, Elliott Wave theory, Bluntz offers projections that have caught the attention of the crypto community.

Blockchain Dynamics: Unraveling the Elliott Wave Theory

Bluntz’s analysis reveals a bullish outlook for WIF, which has experienced an exceptional surge, currently trading at $0.321—a staggering 323% increase since January 8th. The analyst places WIF in the second wave of a five-wave pattern, suggesting the potential for the coin to climb above $1. This surge is significant for WIF, positioning it as a rival to more established memecoins like Dogecoin.

Solana (SOL), a leading smart contract platform, is also in the spotlight as Bluntz predicts a potential rally above $150. SOL, currently trading at $87.45, is believed to have completed a three-wave downtrend, according to Bluntz’s analysis. The digital asset is currently in a phase of testing and reclaiming the $90 to $100 zone, paving the way for an anticipated uptrend.

Navigating Market Dynamics: What’s Next for WIF and SOL?

As the market eagerly awaits these potential bullish movements, attention turns to key support and resistance levels. Bluntz’s projections suggest that for WIF, maintaining ground above $1.50 is pivotal for a sustained upward trajectory. For SOL, the $90 to $100 zone is crucial, serving as a potential launchpad for its rally toward $150.

By Joadin Maina

Beyond the hype, I untangle the web3 revolution, guiding curious minds through the labyrinth of decentralized possibilities.