A widely followed crypto analyst and trader is expressing bullish sentiment on a low-cap memecoin.
The analyst pseudonymously known as Bluntz tells his 236,000 followers on the X social media platform that it is “clear as day” that the Solana-based memecoin dogwifhat (WIF) is currently undergoing accumulation.
According to a chart attached by the pseudonymous analyst, it appears that Bluntz is suggesting that WIF could continue its upward momentum and hit a price of at least $0.45 – a gain of 228% from the current level.
Source: Bluntz/X
WIF is trading at $0.137 at time of writing.
The pseudonymous analyst also appears to suggest that WIF could reach a market cap of a billion – which could translate to a gain of around 630% from the current market cap of $136.8 million.
Turning to Solana (SOL), Bluntz says that the fifth-largest crypto asset by market cap could trade “sideways for a while” forming a symmetrical wedge pattern on the three-day chart before resuming the upward
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