Economist Henrik Zeberg says that the Solana (SOL)-based memecoin dogwifhat (WIF) is mirroring Bitcoin’s (BTC) setup from November.
In a brand new put up on the social media platform X to this 172,200 followers, Zeberg says WIF may leap to the $19 vary.
“Simply earlier than the massive run of BTC in November we noticed the identical technical power as we at present see in WIF
– Constructive Divergence in RSI
– MACD about to Cross in a Bullish method
– RVGI transferring increased
All this whereas worth has been pushing right into a Descending Wedge – in bigger wave 2.
TRANSLATION:
WIF is about to blow up increased in bigger wave 3 – in an prolonged transfer which can attain as excessive as 18-19 USD on this subsequent transfer!”
WIF is buying and selling for $2.02 at time of writing, up 13% within the final 24 hours. A transfer to $19 would characterize a share enhance of roughly 840%.
Yesterday, Zeberg said the crypto market is out of the blue flashing bullish for altcoins whereas warning of worsening macro circumstances.
“We have now had the primary preliminary push in wave one of many BTC Dominance Index. Hardly noticeable! It will likely be in wave three (which begins now) that we actually see the massive push in altcoins. And it solely ends after one other three waves from right here in wave three, wave 4, wave 5. When? We must see! Most significantly is to be on the suitable facet of the commerce.”
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Test Price Action
Observe us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any losses you could incur are your accountability. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please observe that The Each day Hodl participates in internet online affiliate marketing.
Generated Picture: Midjourney
Source link