Altcoin Expert Predicts Strong Gains for Solana-Based Dogwifhat

A trader renowned for accurate altcoin predictions is eyeing significant potential for a Solana-based memecoin.

Known by the pseudonym Bluntz, the analyst shared that dogwifhat (WIF) appears poised for a major breakout from a falling wedge pattern, which typically signals a bullish reversal due to decreasing selling pressure.

when $wif gets going, it goes hard.

despite being up 80% in a week,if i wasnt already positioned i would absolutely still be buying this.

limited amount of time left before the train leaves the station imo pic.twitter.com/xAwfQoMBuO

— Bluntz (@Bluntz_Capital) August 8, 2024

Bluntz remarked that, despite WIF already rising 80% in the past week, the asset’s current price of $1.63 presents a buying opportunity before it potentially surges to $8.

In addition to WIF, Bluntz is optimistic about Jito (JTO), the native token of a Solana-based decentralized staking protocol.

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The analyst suggests JTO has likely reached its lowest point following an ABC correction and is set for a strong rally.

time to get some sol beta exposure again imo.

i like $JTO here, can see a big fuck off abc decline followed by an impulsive 5 wave rise from the lows and pullback into a higher low.

A+ setup imo, im long. pic.twitter.com/OPCcBMuOWw

— Bluntz (@Bluntz_Capital) August 8, 2024

He projects that JTO, currently priced at $2.45, could rise to $5, noting that the setup is favorable for investors looking to capitalize on this potential upswing.

Alexander Stefanov