A crypto strategist who continues to amass a following with well-timed altcoin predictions believes that a particular memecoin is on the verge of a significant surge in value.

The pseudonymous analyst, known as Bluntz, recently informed his 289,900 followers on the social media platform X that he sees potential for the Solana-based meme token, dogwifhat (WIF), to experience substantial rallies.

Bluntz points out that dogwifhat is displaying multiple bullish signals against Solana (WIF/SOL), indicating that the memecoin is preparing for a major turnaround.

“SOL is currently leading the market, and WIF/SOL is hitting its bottom. There’s a significant five-wave downward movement on the four-hour chart, with a clear divergence. Given how incredibly bullish SOL looks, I believe WIF is about to explode. I’m ready to make a move.”

Bluntz is known for utilizing the Elliott Wave theory, which suggests that an asset’s trend tends to conclude after a five-wave movement. Based on his analysis, it appears that WIF/SOL has completed a five-wave correction, indicating that the memecoin is poised to outperform Solana.

As of the time of writing, WIF is trading at $2.59, experiencing an almost 6% increase for the day.

Shifting focus to the layer-1 protocol Sui (SUI), Bluntz believes that this altcoin is in the early stages of a wave-five rally that will lead to a new all-time high of $3.

“SUI’s macro wave four is nearing completion, having reached the 0.38 Fibonacci level of the macro wave three. I still anticipate fresh all-time highs and a fifth wave upwards.”

At the moment, SUI is valued at $1.90, witnessing an over 10% rise in the past 24 hours.

The final altcoin that Bluntz has identified is Popcat (POPCAT). He shares a chart indicating that POPCAT is currently in the midst of a five-wave upward movement, with a target price of approximately $2.10.

“There’s a nice flat pattern on POPCAT that has recently concluded, and in my opinion, it will return to all-time highs once again.”

As of now, POPCAT is trading at $1.69, experiencing a more than 15% increase in the last day.