Crypto analyst Bluntz predicts a possible major rebound for Solana-based memecoin, WIF, suggesting a potential surge of over 470% from current levels.
Bluntz relies on Elliott Wave theory, indicating a structured five-wave pattern for WIF that could signal the beginning of a new bullish cycle.
Despite anticipating a minor correction of around 10% in the near term, WIF has shown a complete five-wave pattern, typically followed by an upward movement.
With memecoins gaining attention in the current market climate, WIF's meme appeal and speculative nature make it an intriguing candidate for traders according to Bluntz's analysis.