dogwifhat (ETH)

Rally

Solana

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-significant-rally-for-wif-and-solana-coins/" data-wpel-link="internal">Analyst Predicts Significant Rally for WIF and Solana Coins</a> 
Due to economic events in Japan, the global economy and cryptocurrencies experienced a significant crash last Monday, with almost the entire market, including Bitcoin, seeing historic declines after sharp sell-offs. However, prices later showed some recovery, and some analysts continue to make strong upward predictions. 
<h2 style="text-align: justify" id="analyst-s-wif-comment">Analyst’s WIF Comment</h2> 
A prominent analyst and investor in the crypto world emphasized that a major rally could occur in WIF, the fourth largest meme coin by volume. The famous analyst Bluntz stated on social media platform X that dogwifhat (WIF) could rise more than 495% from its current price level and added: 
<blockquote> 
 Next up is $10, this is inevitable. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-378499" src="https://coin-turk.com/wp-content/uploads/2024/08/wif-wif-coin-turk-com.png" alt="" width="612" height="632"> 
The analyst bases the potential upward movement on the Elliott Wave theory, which could indicate a five-wave price rally after completing an ABC corrective move. With WIF dropping to $1.11 during the week, Bluntz emphasized that the meme coin’s ABC correction is likely over and that a significant upward price movement could begin. 
<blockquote> 
 I think the safe trade is to wait for a daily close above $1.60, which will confirm a low level. 
</blockquote> 
As of the time of writing, WIF is trading at $1.79, following a 6% increase in the last 24 hours. 
<h2 style="text-align: justify" id="solana-coin-comments">Solana Coin Comments</h2> 
The analyst also highlighted that <a href="https://en.coin-turk.com/solana-continues-its-unstoppable-price-rally-dont-miss-out-on-the-opportunity/" data-wpel-link="internal">Solana</a> (SOL), known as the Ethereum killer, which had previously dropped to single-digit prices and then returned above $200, might have witnessed a swing failure pattern (SFP) after rebounding from $110. 
<blockquote> 
 The three-day SFP is on its way to becoming a weekly SFP. I love to see this. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-378498" src="https://coin-turk.com/wp-content/uploads/2024/08/solana-sol-coin-turk-com.png" alt="" width="610" height="641"> 
It should be noted that SFPs generally serve as potential reversal points for analysts and <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. On the other hand, the analyst mentioned that SOL might have completed its ABC corrective wave and that the market correction is likely over. 
<blockquote> 
 I think at this point, our ABC is probably completed, and SOL has bottomed out, and now $95 is off the table. 
</blockquote> 
Solana price dropped to $153 after a 3.27% decrease in the last 24 hours. This decline also brought the market cap down to $71 billion. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-significant-rally-for-wif-and-solana-coins/" data-wpel-link="internal">Analyst Predicts Significant Rally for WIF and Solana Coins</a></h5>
The post <a href="https://en.coin-turk.com/analyst-predicts-significant-rally-for-wif-and-solana-coins/" data-wpel-link="internal">Analyst Predicts Significant Rally for WIF and Solana Coins</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Analyst Predicts Significant Rally for WIF and Solana Coins

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