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Cryptocurrency News Articles
Crypto Analyst Bluntz Leans Bullish on Under-the-Radar Altcoin SAGA, Predicts Major Move for Memecoins WIF and POPCAT
Sep 27, 2024 at 04:00 am
The widely followed cryptocurrency analyst and trader known as Bluntz is leaning bullish on one under-the-radar altcoin while offering his insight on two memecoins.
A popular cryptocurrency analyst and trader is bullish on one under-the-radar altcoin and has offered his thoughts on two memecoins.
The analyst, who goes by the pseudonym Bluntz, told his 276,000 followers on the social media platform X that the native token of layer-1 protocol Saga (SAGA) is “about to gigasend next.”
A chart by the pseudonymous analyst, who often applies the Elliott Wave theory in his technical analysis, shows SAGA completing a minor three-wave pattern on the eight-hour time frame and is now completing a major five-wave pattern that could see its price double.
The Elliott Wave theory suggests that the main trend of an asset’s price unfolds in a five-wave pattern, while a correction occurs in a three-wave pattern.
Saga is trading at $2.55 at the time of writing, up 86% over the past 14 days.
Next is dogwifhat (WIF). According to Bluntz, the dog-themed Solana-based memecoin seems to be ending a months-long bearish phase 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 the time of writing.
Finally, another Solana-based cat-themed memecoin, Popcat (POPCAT), is covered. 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 the time of writing.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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