Bluntz Sees Dogwifhat Price Surge Before Crash

Famous analyst Bluntz has shared his thoughts on dogwifhat (WIF), a Solana-based meme coin. He believes that WIF will surge in the near future, but is short-term bearish about it.

According to Bluntz, WIF's price will keep falling for a while, but then experience a big bounce. He thinks this bounce will be followed by a sharp decline back down to $1.

Bluntz uses the Elliott Wave theory, which is based on crowd psychology and predicts future prices by following consecutive waves. He claims that WIF has completed a five-wave move down and is now poised for an ABC bounce, with three waves of price swings up and down.

The peak of this bounce is expected to be around $3-4, according to Bluntz. The dogwifhat project's official website describes WIF as a symbol of progress, a beacon for those who think ahead.