A renowned crypto trader believes that a Solana-based memecoin, Dogwifhat (WIF), has reached its lowest point and is poised for growth.
WIF Bottom Reached
Analyst Bluntz, known for his accurate altcoin predictions, shared his analysis with his followers. He believes that WIF has experienced a significant correction, dropping 70% from its peak of $4.83. However, the chart pattern suggests that a bullish reversal is underway.
Bluntz explained, “We have a five-wave rise from the lows, the first in months. As long as $1.46 holds, I believe we have a major bottom.”
AI Altcoin Fetch.ai (FET) Shows Promise
Bluntz also identified Fetch.ai (FET) as a promising AI-focused altcoin. He noted that FET has undergone a 68% correction and is currently retesting its previous all-time high.
“The pullback structure is a clear three-wave move down,” said Bluntz. “I believe this is a bottom and FET will experience a significant surge.”
Disclaimer:
The opinions expressed in this article are not financial advice. Investors should conduct thorough research before making any investments.
