⏰ Act Early, Profit Big!
Be among the first to access the newest altcoins. Don't miss out, click now!

Analyst Predicts 50% Rally for Dogwifhat (WIF) Amid Market Downturn

  • A seasoned crypto analyst known for successful altcoin forecasts predicts a major surge for a meme coin.
  • Another popular analyst foresees significant rallies for two DeFi altcoins.
  • A notable detail: the meme coin could see a 50% jump before continuing its downward trend, according to the analyst.

Discover the latest insights from top crypto analysts predicting substantial movements in meme and DeFi altcoins, offering potential investment opportunities.

Significant Surge Expected for Meme Coin WIF

Renowned crypto analyst Bluntz suggests that despite a medium-term bearish trend, meme token Dogwifhat (WIF) might be primed for a notable bounce. He identifies multiple bullish signals indicating a possible relief rally before resuming its decline. Bluntz forecasts a 50% upward move, driven by patterns observed in higher time frame charts indicating potential price movements to $3-$3.4 before short positions become viable again.

Elliott Wave Theory and WIF

Bluntz applies the Elliott Wave Theory, which tracks crowd psychology through predictable wave patterns to estimate future price actions. According to this theory, after a five-wave downward trend, an asset typically experiences a three-wave ABC correction. Bluntz’s analysis reveals WIF has concluded its five-wave drop and is poised for an ABC upward correction. However, he predicts a subsequent decline to around $1 post-rally.

DeFi Altcoins CRV and CVX Poised for Rallies

Credible Crypto, a well-known contrarian analyst, is bullish on Curve (CRV) and Convex Finance (CVX). Curve Finance is a decentralized exchange focused on stablecoins, while Convex Finance optimizes yields for locked tokens on Curve. Following the liquidation of Curve’s founder Michael Egorov on June 13, the analyst notes that both altcoins are positioned for upward movement, supported by recent low-time frame impulses.

CRV and CVX Price Targets

Since Egorov’s liquidation, both CRV and CVX have seen upward trends. On June 17, CVX surged over 157%, hitting $4.77 from its low of $1.85. Credible Crypto believes CRV will follow CVX’s trajectory. According to his analysis, primary resistance areas are $2 for CRV and $15 for CVX. These levels are anticipated to see profit-taking from leveraged long positions, while long-term spot holdings are expected to aim for new all-time highs.

Conclusion

In summary, top analysts see potential in specific altcoins amid the fluctuating crypto market. WIF may experience a short-term rally before further decline, while CRV and CVX show significant upward potential following key events. Investors should monitor these movements closely for strategic opportunities.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

SEC Weighs Collateralization for BlackRock’s Ethereum ETF While Postponing Grayscale’s Litecoin ETF Verdict

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Kraken Targets $500 Million Funding Round at $15 Billion Valuation

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

CRYPTO EXCHANGE KRAKEN SEEKING ABOUT $500 MILLION, AT A $15 BILLION VALUATION – – RTRS

CRYPTO EXCHANGE KRAKEN SEEKING ABOUT $500 MILLION, AT A...

BTCS INC. FILES $2 BILLION SHELF OFFERING, MAY USE PROCEEDS TO PURCHASE ETHEREUM

BTCS INC. FILES $2 BILLION SHELF OFFERING, MAY USE...

SEC APPROVES IN-KIND REDEMPTIONS FOR BITCOIN AND ETHEREUM ETFS

SEC APPROVES IN-KIND REDEMPTIONS FOR BITCOIN AND ETHEREUM ETFS $BTC...

Strategy May Have Acquired Over 21,000 Bitcoin Following $2.5 Billion Preferred Stock Offering

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

XRP Shows Potential for Wave 5 Rally Toward $6.85 Amid Rising Wallet Activity and Key Support

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Bitcoin Faces Resistance Near $120K as Long-Term Holders Begin Profit Taking

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Massive Bitcoin Transfer of 7,625 BTC from Coinbase to Unknown Wallet Raises Market Speculation

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

SEC Approves In-Kind Bitcoin ETFs and Fast-Tracks Altcoin ETF Reviews, Raising IBIT Options Limits

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

XRP May Lead Institutional Inflows as Bitcoin Holdings Reach $130 Billion Amid Market Shifts

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

XRP Shows Potential for Breakout as BlockDAG Presale Gains Momentum Ahead of August Deadline

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img