Top Trader Says Dogecoin Rival Looks ‘Insanely Strong,’ Predicts Incoming Parabolic Break for Large-Cap Memecoin

A high dealer identified for his well timed altcoin predictions says a challenger to Dogecoin (DOGE) is poised for a parabolic surge.

Pseudonymous analyst Bluntz tells his 304,300 followers on the social media platform X that the time for vertical Shiba Inu (SHIB) conferences is coming.

The dealer shares a chart that means SHIB is about to repeat its value motion from early 2024, when the worth exploded by about 450% in simply two months.

“SHIB seems to be insanely robust, it’s clearly in a strong uptrend, but it surely has been a managed development, not a parabolic breakout… YET.

However it’s coming, the SHIB/BTC pair can be accumulating at a low level. I actually assume this may get a number of X’s.

On the time of writing, SHIB is buying and selling at $0.0000276.

One other memecoin on the dealer’s radar is the Solana (SOL)-based altcoin dogwifhat (WIF). Bluntz says WIF seems to be within the early phases of a five-wave uptrend that might propel the meme token into double digits.

“$10 + WIF is unavoidable.”

Bluntz applies the Elliott Wave concept, which states {that a} bullish asset tends to witness a five-wave rise earlier than capping an impulsive rise. Primarily based on the dealer’s chart, he appears to foretell that WIF might rise to $12.

On the time of writing, WIF is price $3.41.

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Generated picture: Midjourney