Renowned for his precise cryptocurrency forecasts, an expert analyst is setting ambitious targets for dogwifhat (WIF), a memecoin built on the Solana (SOL) platform.

Operating under the pseudonym Bluntz, he communicates to his substantial following of 264,200 on X, suggesting that WIF is initiating a potentially significant five-wave uptrend.

Bluntz applies Elliott Wave theory, which asserts that bullish assets typically experience a five-phase upward movement. He presents a chart indicating WIF’s potential surge, foreseeing a climb to $11 by November as part of its five-wave cycle.

“Think big. WIF.”

Source: Bluntz/X

As of the latest update, WIF is priced at $2.26, implying a potential upside of over 386% if it reaches Bluntz’s projected target.

Additionally, the analyst closely monitors Bitcoin (BTC), expressing continued optimism about the cryptocurrency leader. He highlights BTC’s recent quarterly candle, which successfully turned resistance near $60,000 into support.

“Not seeing bearish signs in this BTC quarterly chart.”

Source: Bluntz/X

Analyzing Bitcoin’s weekly timeframe, Bluntz shares a chart illustrating BTC’s consolidation within a triangular pattern. According to his analysis, BTC appears poised for a breakout above $68,000 (D wave), followed by a correction to around $62,000 (E wave).

“The BTC weekly chart shows promising developments.”

Source: Bluntz/X

Moreover, the chart suggests that BTC could break out further and rally beyond $80,000 following the E-wave correction.

Currently, Bitcoin is trading at $62,842.

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