Analyst Sees Potential Recovery in Solana-Based Memecoin dogwifhat
- The memecoin dogwifhat (WIF) has lost 72% of its value from its all-time high.
- Analyst Bluntz suggests WIF may have bottomed after a three-wave correction.
- Bluntz uses the Elliott Wave theory, indicating potential signs of life in WIF’s low time-frames.
- WIF is currently trading at $1.32.
- Bitcoin might be forming a swing failure pattern on the two-week chart, with five days to confirm this trend.
The analyst Bluntz believes that while it’s early to confirm a bull run for dogwifhat, there are promising signs following its correction phase. Bitcoin’s current trading situation also suggests potential volatility ahead.
Source (2.6)https://dailyhodl.com/2025/01/30/nice-signs-of-life-starting-to-form-on-solana-based-memecoin-dogwifhat-says-trader-but-theres-a-catch/?rand=59076
