Altcoin News Official TheBitTimes.com

A closely followed crypto trader and Elliott Wave specialist is forecasting rallies for several altcoins amid a correction in the digital asset markets. Pseudonymous trader Bluntz tells his 304,000 followers on the social media platform X that the utility token for decentralized oracle service Pyth Network (PYTH) has broken out of a bull flag pattern. Bluntz’s chart also suggests that PYTH is in the midst of a five-wave impulse to around the $0.50 level. “Solana ecosystem looking good again, nice bull flag PYTH breakout. Looking impulsive.” Source: Bluntz/X Bluntz practices Elliott Wave theory, which states that a bullish asset tends to go through a five-wave move up before an ABC correction. Based on the trader’s chart, he seems to suggest that PYTH is on the verge of starting its fifth-wave surge following the bull flag breakout. At time of writing, PYTH is trading at $0.431. Bluntz is also bullish on memecoins, saying that the secto...

A popular crypto trader thinks one Dogecoin (DOGE) rival could be headed for a breakout soon. The pseudonymous analyst known as Altcoin Sherpa tells his 224,000 followers on the social media platform X that if the Solana (SOL)-based memecoin dogwifhat (WIF) manages to break above the $2.845 range, it could surge toward $3.50. Despite the possible breakout, Altcoin Sherpa says he wouldn’t buy at WIF’s current level. Source: Altcoin Sherpa/X WIF is trading at $2.47 at time of writing. The 42nd-ranked crypto asset by market cap is down more than 7.6% in the past 24 hours. The analyst also thinks the memecoin Popcat (POPCAT) could witness a short price surge. “Wouldn’t be surprised to see some sort of parabolic blow-off top to $2 or something and then this thing dies for a bit. All cat beta should follow the same pattern. Would NOT recommend buying most cat tokens at current levels; wait for a pullback if you can.”  Source: Altcoin Sh...