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.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Credit: Source link
