Trader Predicts 80% Altcoin Will Soar, Updates on Memecoins

A popular cryptocurrency analyst and trader is expressing optimism about one lesser-known altcoin while sharing his thoughts on two memecoins.

The analyst, known by the pseudonym Bluntz, informs his 276,000 followers on the social media platform X that the native token of the layer-1 protocol Saga (SAGA) is “about to go on a significant run next.”

According to a chart from the pseudonymous analyst, who frequently utilizes Elliott Wave theory in his technical assessments, SAGA has finished a minor three-wave formation on the eight-hour chart and is now working on completing a major five-wave pattern that could potentially double its price. The Elliott Wave theory suggests that the primary trend of an asset’s price unfolds in a five-wave pattern, whereas corrections occur in three-wave patterns.

At the time of writing, Saga is trading at $2.55, marking an 86% increase over the last 14 days.

Next on the list is dogwifhat (WIF). Bluntz indicates that the dog-themed memecoin based on Solana seems to be nearing the end of a prolonged bearish period as seen on the daily chart.

“WIF is just a hair away from breaking out of a significant -77% downtrend; get ready for the next round!”

WIF is currently trading at $2.

Following that is another Solana-based cat-themed memecoin, Popcat (POPCAT). The pseudonymous analyst states,

“In the next 48 hours, I believe Popcat will make a serious attempt at a new all-time high.”

At the moment, Popcat is trading at $1.01.

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