A top trader known for making timely altcoin predictions says one Dogecoin (DOGE) challenger is primed for a parabolic surge.
Pseudonymous analyst Bluntz tells his 304,300 followers on the social media platform X that the time for vertical Shiba Inu (SHIB) rallies is coming.
-->The trader shares a chart suggesting that SHIB may be close to repeating its early 2024 price action when it exploded by about 450 in just two months.
“SHIB looks insanely strong, it’s obviously in a solid uptrend but it’s been a controlled one, no parabolic break… YET.
But it’s coming, SHIB/BTC pair also accumulating at rock bottom. I legit think this will pull multiple Xs.”
Source: Bluntz/XAt time of writing, SHIB is trading for $0.0000276.
Another memecoin on the trader’s radar is the Solana (SOL)-based altcoin dogwifhat (WIF). Bluntz says WIF appears to be in the early stages of a five-wave uptrend that could propel the meme token to double digits.
“$10+ WIF is inevitable.”
Source: Bluntz/XBluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rise before concluding an impulsive move up. Based on the trader’s chart, he seems to predict that WIF could climb to as high as $12.
At time of writing, WIF is worth $3.41.
