Analyst Identifies Bullish Reversal in Memecoin Running on Solana (SOL)

The cryptocurrency market is always full of surprises, and one analyst seems to have a knack for spotting potential winners. With a following of over 255,000 on social media, pseudonymous analyst Bluntz has caught the attention of many with his timely altcoin calls.

Recently, Bluntz has set his sights on a memecoin running on Solana (SOL) called dogwifhat (WIF). After hitting a low of around $1.89 over the weekend, Bluntz believes that WIF may have found a local bottom. Using the Elliott Wave theory, which predicts a new five-wave rally after a corrective move, Bluntz sees signs of a bullish reversal in WIF’s price action.

With WIF currently trading at $2.64, Bluntz’s analysis seems to be playing out well so far. But WIF is not the only coin catching Bluntz’s attention. The analyst is also bullish on Near (NEAR), an Ethereum (ETH) competitor that has seen a significant correction of over 50% in just one month.

According to Bluntz, NEAR presents opportunities for long-term holders, with the price currently at $5.46, up over 26% from its April low of $4.31. With clear signals of a potential entry point, Bluntz believes that NEAR has a lot going for it in the near future.

As always, it’s important to do your own research before making any investment decisions in the volatile world of cryptocurrencies. But with analysts like Bluntz providing valuable insights, it’s always worth keeping an eye on the market for potential opportunities.