Top Trader Says ‘Monster Trend’ Underway for Ethereum-Based Memecoin, Updates Forecast on WIF and POPCAT

A crypto strategist who supercharged his following after nailing the Bitcoin ( BTC ) 2018 bottom believes one memecoin is gearing up to spark more rallies.

Pseudonymous analyst Bluntz tells his 277,200 followers on the social media platform X that he thinks the frog-themed, Ethereum ( ETH )-based meme token Pepe ( PEPE ) is set to witness bullish continuation after pulling back in the last few days.

The trader shares a chart suggesting that PEPE will rally close to $0.000014 before ending its five-wave surge.

“Nice little PEPE dip this fine Sunday evening, I think it should be bottoming around here any minute now.

There are still many [legs up] to go in my opinion, and this is an absolute monster trend.” 

Source: Bluntz/X

Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to see a five-wave rally before topping out. The theory also states that a bullish asset typically rallies after concluding an ABC correction.

Looking at the trader’s chart, he seems to suggest that PEPE has completed an ABC pullback amid a wave three surge.

At time of writing, PEPE is trading for $0.0000105.

Turning to fellow meme token dogwifhat ( WIF ), the trader shares a chart suggesting that the Solana ( SOL )-based altcoin has taken out a diagonal resistance area that has kept the crypto asset bearish for months.

“GM (good morning) my hatted bros.”

Source: Bluntz/X

At time of writing, WIF is worth $2.44, well above the diagonal resistance.

Another memecoin on the trader’s radar is Popcat ( POPCAT ). According to Bluntz, POPCAT looks poised to break out and rally to new all-time highs.

“Le POPCAT looking good again here, nice ABC down on 4-hour chart just underneath all-time highs, the next leg should break.

Starting to struggle to find room for all the bags I wanna have now, too many looking great.”

Source: Bluntz/X

Based on the trader’s chart, he seems to suggest that POPCAT will surge to a fresh record high of $1.25.

At time of writing, POPCAT is worth $0.95.

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