A renowned analyst, known for his accurate predictions in the altcoin market, is confident that both Pepe (PEPE) and another memecoin are about to experience significant rallies.

Operating under the pseudonym Bluntz, the analyst recently shared his insights with his extensive following of 263,500 users on social media platform X. Bluntz bases his predictions on the Elliott Wave theory, which suggests that a bullish asset typically undergoes a five-wave rally after completing an ABC correction.

According to Bluntz, PEPE has already completed its ABC corrective move and is now poised for a surge towards $0.0000145. He shared a chart to support his claim, expressing his optimism about the coin’s potential for a five-wave rise.

Bluntz stated, “Liking PEPE here, can see a nice five-wave rise and ABC back down done. One of the few alts to actually not get smoked and make new lows.”

As of now, PEPE is valued at $0.00001286.

Moving on to Popcat (POPCAT), Bluntz believes that this memecoin, based on the Solana (SOL) blockchain, has also completed its correction. He noted a strong bounce from the lows, with clear five-waves up on the daily chart. Bluntz even expressed a playful sentiment, saying, “I’m starting to think memes are back baby.”

Bluntz pointed out that POPCAT’s market structure appears to mirror that of another memecoin, dogwifhat (WIF), before it experienced a rally to all-time highs in March. He shared a fractal chart to emphasize the similarities.

Currently, POPCAT is trading at $0.486, reflecting a 12% increase in the past day.

In addition to his predictions, Bluntz believes that memecoins and artificial intelligence (AI) will continue to dominate the attention of crypto traders. He stated, “Memes and AI will continue to be the two top leading narratives in my opinion. Pick your fighters wisely.”

It’s clear that Bluntz has a strong following and is considered a reliable source of information in the altcoin market. However, it’s important for investors to conduct their own research and exercise caution before making any high-risk investments.

Disclaimer: The views expressed in this article are the opinion of the author and should not be considered financial advice. Investors should conduct their own research and make informed decisions when investing in Bitcoin, cryptocurrencies, or digital assets. Please note that investing in these assets carries inherent risks, and any losses incurred are the responsibility of the investor. The Daily Hodl does not endorse or recommend the buying or selling of any cryptocurrencies or digital assets, and is not an investment advisor.