Top Trader Says Dogecoin Rival Looks ‘Insanely Strong,’ Predicts Incoming Parabolic Break for Large-Cap Memecoin
A prime dealer recognized for making well timed altcoin predictions says one Dogecoin (DOGE) challenger is primed for a parabolic surge.
Pseudonymous analyst Bluntz tells his 304,300 followers on the social media platform X that the time for vertical Shiba Inu (SHIB) rallies is coming.
The dealer shares a chart suggesting that SHIB could also be near repeating its early 2024 worth motion when it exploded by about 450% in simply two months.
“SHIB seems to be insanely robust, it’s clearly in a strong uptrend nevertheless it’s been a managed one, no parabolic break… YET.
But it surely’s coming, SHIB/BTC pair additionally accumulating at all-time low. I legit assume this can pull a number of Xs.”
At time of writing, SHIB is buying and selling for $0.0000276.
One other memecoin on the dealer’s radar is the Solana (SOL)-based altcoin dogwifhat (WIF). Bluntz says WIF seems to be within the early phases of a five-wave uptrend that would propel the meme token to double digits.
“$10+ WIF is inevitable.”
Bluntz practices the Elliott Wave idea, which states {that a} bullish asset tends to witness a five-wave rise earlier than concluding an impulsive transfer up. Primarily based on the dealer’s chart, he appears to foretell that WIF might climb to as excessive as $12.
At time of writing, WIF is price $3.41.
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