A broadly adopted analyst and dealer is expressing bullish sentiment on an altcoin constructed on Solana (SOL) that has surged by over 100x in a few months.
The analyst pseudonymously often called Bluntz tells his 249,900 followers on the social media platform X that the low cap memecoin Myro (MYRO) is providing a possibility to the upside on the eight-hour chart after enduring a double-digit correction.
Primarily based on a chart posted by the analyst, it seems that Bluntz, who repeatedly applies the Elliott Wave concept in his technical evaluation, is suggesting that MYRO is on the ultimate leg of a five-wave sample and will surge by round 163% from the present value and attain a brand new all-time excessive of about $0.55.
The Elliott Wave concept states that the primary development of the value of an asset strikes in a five-wave sample whereas a correction happens in a three-wave sample.
“There’s a pleasant MYRO catch-up play right here for all those that missed dogwifhat. Dogwifhat will nonetheless outperform although.”
MYRO is buying and selling at $0.209 at time of writing, up by 10,389 from the all-time low of $0.001995 reached on November twelfth of 2023.
Subsequent up is dogwifhat (WIF). Primarily based on a chart by the pseudonymous analyst, Bluntz seems to counsel that WIF may full the fifth wave on the every day chart and hit a value of just under $5, which might be a brand new all-time excessive.
WIF is buying and selling at $2.21 at time of writing.
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