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.
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 trajectory.
Next up is the native token of the Ethereum (ETH) liquid staking protocol Lido DAO (LDO). According to Bluntz, the LDO/USDT pair could hit a price target of $10 – approximately 158% from the current level. From the pseudonymous analyst’s chart, it appears that Bluntz is suggesting that on the weekly chart, LDO has broken out of a horizontal resistance level that started forming in 2023.
The pseudonymous analyst further suggests that the Lido DAO/Bitcoin (LDO/BTC) pair could surge by over 150% after bouncing off a key support level.
LDO is trading at $3.87 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 Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: DALLE3
