A popular crypto analyst who gained recognition for accurately calling Bitcoin’s 2018 bottom is now turning attention to an unlikely contender: a Solana-based memecoin.
The trader, known online as Bluntz, has pointed to dogwifhat (WIF) as a token to watch, forecasting the potential for a dramatic rebound. According to their analysis, WIF could surge over 470% from its current price levels, potentially surpassing its previous all-time high reached in March 2024.
still alot of work to put in and need to see price action confirm but i think theres a very real chance a new impulse back to ath on $wif has commenced. https://t.co/U5SYs7bqsm pic.twitter.com/jrClhwm1XY
— Bluntz (@Bluntz_Capital) June 24, 2025
The analyst bases this prediction on Elliott Wave theory, a technical framework that suggests prices move in structured five-wave patterns during an uptrend. Bluntz believes WIF began such a formation earlier this month, signaling the possible start of a fresh bull cycle.
However, the path upward may not be immediate. In the near term, the analyst anticipates a minor correction—possibly around 10%—before momentum resumes. On shorter timeframes, WIF has shown a complete five-wave pattern from its recent lows, which typically precedes a temporary cooldown before another upward move.
WIF, known more for its meme appeal than fundamentals, remains speculative. Still, with many memecoins staging surprising rallies in the current market climate, Bluntz’s projection has caught the attention of traders looking for the next breakout candidate in the Solana ecosystem.
As always, forecasts in the crypto world come with high volatility and risk—but if the chart holds, WIF may be one of the unexpected stories to watch in the coming months.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/market/memecoin-wif-could-be-poised-for-major-rebound-analyst-suggests/