A cryptocurrency strategist who gained popularity for accurately predicting the bottom of Bitcoin (BTC) in 2018 is now turning his attention to meme coins, specifically Pepe (PEPE). The analyst, known as Bluntz, believes that PEPE is gearing up for a bullish continuation after a recent pullback.
Bluntz, who follows the Elliott Wave theory, suggests that PEPE is on track to rally close to $0.000014 before completing its five-wave surge. According to his chart analysis, PEPE has already completed an ABC pullback amid a wave three surge. As of the latest data, PEPE is currently trading at $0.0000105.
In addition to PEPE, Bluntz is also keeping an eye on other meme coins such as dogwifhat (WIF) and Popcat (POPCAT). WIF, based on the Solana (SOL) blockchain, has broken through a diagonal resistance area that has kept the coin bearish for months. At the time of writing, WIF is valued at $2.44, well above the previous resistance level.
As for POPCAT, Bluntz believes that the meme coin is poised for a breakout and could rally to new all-time highs. His chart analysis suggests that POPCAT could reach a record high of $1.25, with the current price standing at $0.95.
Overall, Bluntz’s analysis and predictions on meme coins have garnered attention from his large following on social media platform X. His expertise in technical analysis, particularly the Elliott Wave theory, has provided valuable insights for investors looking to capitalize on the potential growth of meme coins in the cryptocurrency market.
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Image Source: Midjourney