A renowned analyst, celebrated for his timely crypto predictions, has now set an ambitious price target for the Solana (SOL)-based memecoin dogwifhat (WIF). The analyst, who goes by the pseudonym Bluntz, shared with his 264,200 followers on the social media platform X that WIF seems to be at the beginning of a new five-wave rally.

Bluntz utilizes the Elliott Wave theory, which posits that a bullish asset generally experiences a five-wave upward movement. According to a chart he posted, WIF could soar to as much as $11 by November this year before completing its five-wave ascent.

“Don’t be afraid to dream a little bigger. WIF.”


Source: Bluntz/X

Currently, WIF is trading at $2.26, suggesting a potential increase of over 386% if it reaches the analyst’s target.

In addition to WIF, Bluntz is also closely monitoring Bitcoin (BTC). He remains optimistic about the leading cryptocurrency after its recent quarterly candle turned the $60,000 resistance level into support.

“Imagine thinking this BTC quarterly chart looks bearish, couldn’t be me.”


Source: Bluntz/X

On the weekly timeframe, Bluntz’s chart indicates that BTC is consolidating within a triangle pattern. It suggests that BTC is poised for a surge above $68,000 (D wave) before a final dip to $62,000 (E wave).

“Cracking BTC weekly shaping up now.”


Source: Bluntz/X

The chart also implies that BTC will break out and rally above $80,000 following the E-wave correction. At present, Bitcoin is trading at $62,842.

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