A widely followed crypto analyst and trader is expressing bullish sentiment on a low-cap memecoin.
The analyst pseudonymously known as Bluntz tells his 236,000 followers on the X social media platform that it is “clear as day” that the Solana-based memecoin dogwifhat (WIF) is currently undergoing accumulation.
According to a chart attached by the pseudonymous analyst, it appears that Bluntz is suggesting that WIF could continue its upward momentum and hit a price of at least $0.45 – a gain of 228% from the current level.
WIF is trading at $0.137 at time of writing.
The pseudonymous analyst also appears to suggest that WIF could reach a market cap of a billion – which could translate to a gain of around 630% from the current market cap of $136.8 million.
Turning to Solana (SOL), Bluntz says that the fifth-largest crypto asset by market cap could trade “sideways for a while” forming a symmetrical wedge pattern on the three-day chart before resuming the upward trajectory.
Next up is the native token of the Ethereum (ETH) liquid staking protocol Lido DAO (LDO). According to Bluntz, the LDO/USDT pair could hit a price target of $10 – approximately 158% from the current level. From the pseudonymous analyst’s chart, it appears that Bluntz is suggesting that on the weekly chart, LDO has broken out of a horizontal resistance level that started forming in 2023.
The pseudonymous analyst further suggests that the Lido DAO/Bitcoin (LDO/BTC) pair could surge by over 150% after bouncing off a key support level.
LDO is trading at $3.87 at time of writing.
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
