2 Altcoins Showing Bullish Patterns, According to Analysts
Two prominent traders have spotlighted bullish setups for altcoins, citing textbook technical patterns that could signal sharp upward moves if key levels hold.
WIF Correction Complete, Range Reclaim Could Trigger Surge
Crypto analyst Bluntz believes WIF is poised for a strong rally. According to his latest chart, the token has completed a five-wave advance followed by an ABC corrective pattern on the daily timeframe.
Bluntz suggests that the correction may be over. A reclaim of the highlighted range could serve as the launchpad for the next move up.
“5 up and abc on daily looks done imo, reclaim the range and it sends hard,” he wrote, adding, “hat stays on.”
The analysis implies a potential resumption of WIF’s uptrend, contingent on price reclaiming and holding the prior range zone.
TAO Double Bottom Signals 230% Upside
Meanwhile, “Bitcoinsensus” highlighted a bullish structure on the weekly TAO chart. A textbook double bottom (W pattern) appears to be forming — one of the most reliable bullish reversal signals in technical analysis.
Key points from the analysis:
- A breakout above the neckline with strong volume would confirm the pattern.
- A pullback to retest the neckline zone could offer an optimal entry.
- If the pattern plays out, the projected upside targets $1,335 per $TAO — a 230% increase from current levels.
Bitcoinsensus emphasized that TAO remains one of the strongest technical setups in the Top 100 altcoins, still holding its critical support levels.
Conclusion
Both $WIF and $TAO are flashing bullish technical signals according to seasoned analysts. If key resistance levels are reclaimed and patterns validated, these altcoins could see outsized moves in the coming weeks.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.