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Memecoin WIF Could Be Poised for Major Rebound, Analyst Suggests

  • 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.

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