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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Disclaimer: The views expressed at The Daily Hodl are not investment recommendations. Investors are encouraged to perform their own research before making any high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please be aware that your transactions and trades are conducted at your own risk, and any potential losses are your responsibility. The Daily Hodl does not promote the buying or selling of any cryptocurrencies or digital assets, nor is it an investment advisory service. It is worth noting that The Daily Hodl engages in affiliate marketing.
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