Top Trader Predicts Massive Rally for Solana-Based Memecoin, Says Train About To Leave Station
A trader who continues to build his following with timely altcoin calls believes one Solana (SOL)-based memecoin is gearing up for a massive upside move. Pseudonymous analyst Bluntz tells his 268,500 followers on the social media platform X that dogwifhat (WIF) looks to be setting up to break out from a falling wedge formation. The pattern is often seen as a bullish reversal signal as it suggests weakening selling momentum. Says Bluntz, “When WIF gets going, it goes hard. Despite being up 80% in a week, if I wasn’t already positioned, I would absolutely still be buying this. Limited amount of time left before the train leaves the station.” Source: Bluntz/X Looking at the trader’s chart, he seems to suggest that WIF will rally as high as $8 after a breakout from the wedge. At time of writing, WIF is trading for $1.63. The analyst is also bullish on the native asset of the Solana-based decentralized liquid staking protocol Jito (JTO). ...