An analyst who continues to build a following with timely altcoin calls says that one memecoin running on Solana (SOL) is flashing signs of bullish reversal.Pseudonymous analyst Bluntz tells his 255,700 followers on the social media platform X that dogwifhat (WIF) may have carved a local bottom when it hit a low of around $1.89 during the weekend.“$1.80 hit and wicked straight into the 0.618 on WIF.Promising reaction so far, hoping this is the low but will wait for an impulsive five-wave rise on low timeframes i.e. 30 minutes – one hour for confirmation.” Bluntz practices the Elliott Wave theory, which states that a bullish asset goes through an ABC corrective move before witnessing a new five-wave rally.Following up on his WIF analysis, Bluntz says the memecoin’s latest price action suggests that a move to the upside is in sight.“And there we have it, a nice five-wave rise from the lows and an ABC as well.WIF looking good here in my opinion, hats back on.”At time of writing, WIF is worth $2.64.Bluntz is also bullish on Ethereum (ETH) competitor Near (NEAR). According to the trader, NEAR is presenting opportunities for long-term holders following an over 50% correction in just one month.“NEAR has so much going for it right now.50% dip peak to trough, clear ABC down from the highs with five subwaves visible in the C wave and 4-hour RSI (relative strength index) extremely oversold at levels not seen since the literal bottom at $1.This will prove to be a great entry in time in my opinion.” At time of writing, NEAR is worth $5.46, up over 26% from its April low of $4.31.

#WIF #bitcoinhalving #folllowformore