Monday, June 23, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Altcoin

‘Nice Signs of Life’ Starting To Form on Solana-Based Memecoin dogwifhat, Says Trader – But There’s a Catch

n70products by n70products
January 31, 2025
in Altcoin
0
‘Nice Signs of Life’ Starting To Form on Solana-Based Memecoin dogwifhat, Says Trader – But There’s a Catch
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


A extensively adopted analyst is leaning bullish on a memecoin within the Solana (SOL) ecosystem amid a rout that has seen the crypto asset lose 72% of its worth from the all-time excessive.

The analyst pseudonymously generally known as Bluntz tells his 314,000 followers on the social media platform X that dogwifhat (WIF) may need bottomed out after finishing a correction in a three-wave sample on the weekly time-frame.

The analyst who repeatedly applies the Elliott Wave principle in his technical evaluation says that whereas WIF’s bearish pattern lasted longer than he had initially anticipated, there are “some good indicators of life forming” on the memecoin’s low time-frames. The Elliott Wave principle states that the primary pattern of the value of an asset strikes in a five-wave sample whereas a correction happens in a three-wave sample.

Whereas cautioning that it’s too early to conclude {that a} bull run is underway, Bluntz says,

“Clearly very early days and we haven’t seen a five-wave rise from the lows “but” however I feel there’s an honest probability one has begun to kind.”

Gia
Supply: Bluntz/X

WIF is buying and selling at $1.32 at time of writing.

Subsequent up is Bitcoin (BTC). According to the extensively adopted analyst, Bitcoin might probably be forming a “brutal” swing failure sample (SFP) to the draw back on the two-week chart. A swing failure sample is a device in technical evaluation that’s used to find out potential factors of a pattern reversal.

“Bitcoin has 5 days to not be a brutal two-week SFP.”

GiaXpkybQAAcX0w?format=jpg&name=small
Supply: Bluntz/X

Bitcoin is buying and selling at $101,912 at time of writing.

Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox

Examine Price Action

Comply with us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Each day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any losses you might incur are your accountability. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please be aware that The Each day Hodl participates in internet affiliate marketing.

Generated Picture: Midjourney





Source link

Tags: CatchDogwifhatformlifeMemecoinNiceSignsSolanaBasedStartingTrader
Previous Post

Hedge fund Elliott warns White House is inflating crypto bubble that ‘could wreak havoc’

Next Post

Dogecoin Open Interest Climbs To $4 Billion Again After Market Rebound

Next Post
Dogecoin Open Interest Climbs To $4 Billion Again After Market Rebound

Dogecoin Open Interest Climbs To $4 Billion Again After Market Rebound

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Bitcoin’s 2024 outlook should concern you: Here’s why

Bitcoin’s 2024 outlook should concern you: Here’s why

January 2, 2024
World’s Largest Bank To Pay $32,400,000 for Violating Bank Secrecy Act, Backdating Documents and Exposing Confidential Information

World’s Largest Bank To Pay $32,400,000 for Violating Bank Secrecy Act, Backdating Documents and Exposing Confidential Information

January 23, 2024
Ethereum exchange supply drops – Are buyers now aggressive?

Ethereum exchange supply drops – Are buyers now aggressive?

February 24, 2024
Here Are The Factors That Could Drive The Dogecoin Price To $1 This Bull Market

Here Are The Factors That Could Drive The Dogecoin Price To $1 This Bull Market

November 15, 2024
Ethereum ETFs Dream Wanes: Approval Odds Drop Significantly To 35%

Ethereum ETFs Dream Wanes: Approval Odds Drop Significantly To 35%

March 12, 2024
Audit Results for the Pectra System Contracts

Ethereum DEV Update: C++ Roadmap

April 19, 2025

Recent Posts

  • Texas Govt. Signs Strategic Bitcoin Reserve Into Law
  • City in Washington Bans Crypto Kiosks After State Witnessed $141,756,936 in Losses to Scams
  • Dogecoin (DOGE) Eyes Upside After Crash, Yet Resistance Levels Cap Momentum

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

Texas Govt. Signs Strategic Bitcoin Reserve Into Law

Texas Govt. Signs Strategic Bitcoin Reserve Into Law

June 23, 2025
City in Washington Bans Crypto Kiosks After State Witnessed $141,756,936 in Losses to Scams

City in Washington Bans Crypto Kiosks After State Witnessed $141,756,936 in Losses to Scams

June 23, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version