A widely followed cryptocurrency analyst and trader is leaning bullish on one under-the-radar altcoin while offering his insight on two memecoins.
The analyst pseudonymously known as Bluntz tells his 276,000 followers on the social media platform X that the native token of the layer-1 protocol Saga (SAGA) is “about to gigasend next.”
Based on a chart by the pseudonymous analyst who regularly applies the Elliott Wave theory in his technical analysis, SAGA has completed a minor three-wave pattern on the eight-hour time frame and is now in the process of completing a major five-wave pattern that could see its price double. According to the Elliott Wave theory, the main trend of the price of an asset occurs in a five-wave pattern while a correction takes place in a three-wave pattern.
Saga is trading at $2.55 at time of writing, up by 86% over the past 14 days.
Next up is dogwifhat (WIF). According to Bluntz, the dog-themed Solana-based memecoin appears to be ending a bearish phase that has lasted months on the daily chart.
“WIF is a bee’s dick away from a major -77% downtrend breakout, strap in, are you ready for the second round?”
WIF is trading at $2 at time of writing.
Next up is another Solana-based cat-themed memecoin Popcat (POPCAT). The pseudonymous analyst says,
“Next 48 hours, Popcat sees a real all-time high attempt in my opinion.”
Popcat is trading at $1.01 at time of writing.
Generated Image: Midjourney