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Home»Analysis»Top Analyst Says One Memecoin Is About to Go ‘Mental’, Updates Prediction on SUI and POPCAT
Analysis

Top Analyst Says One Memecoin Is About to Go ‘Mental’, Updates Prediction on SUI and POPCAT

2024-10-30No Comments2 Mins Read
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A crypto strategist who continues to build a following with timely altcoin calls believes one memecoin is about to witness a major blowout to the upside.

Pseudonymous analyst Bluntz tells his 289,900 followers on social media platform

Bluntz says dogwifhat is issuing multiple bullish signals against Solana (WIF/SOL), indicating the memecoin is gearing up for a major reversal.

“SOL is currently leading the market and WIF/SOL has bottomed out.

A huge five behind the four o’clock mark [chart] and widely varying.

With SOL looking insanely bullish, I think WIF is about to go crazy.

My bags are packed.”

Image
Source: Bluntz/X

Bluntz applies Elliott Wave theory, which states that an asset’s trend tends to end after a five-wave move. Based on the trader’s chart, he seems to suggest that WIF/SOL has completed a five-wave correction, indicating that the memecoin is poised to outperform Solana.

At the time of writing, WIF is trading at $2.59, up almost 6% on the day.

As for the layer-1 protocol Sui (SUI), Bluntz believes the altcoin is in the early stages of a wave-five rally to reach a new all-time high at $3.

“SUI macro wave four is nearing completion, reaching the 0.38 Fibonacci level of macro wave three and still expecting new ATHs and a fifth wave up.”

Image
Source: Bluntz/X

At the time of writing, SUI is worth $1.90, up over 10% in the last 24 hours.

The last altcoin on the trader’s radar is Popcat (POPCAT). Bluntz shares a chart suggesting POPCAT is in the midst of a five-wave move with a price target of around $2.10.

“Nice flat on POPCAT, also done this weekend, back to ATH’s (all-time highs), in my opinion.”

Image
Source: Bluntz/X

At the time of writing, POPCAT is trading at $1.69, up more than 15% in the past day.

See also  Research into the possibilities of the new peaks of ether in 2024

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Analyst MEMECOIN Mental POPCAT Prediction Sui Top Updates
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