Economist Henrik Zeberg says that the Solana (SOL)-based memecoin dogwifhat (WIF) is mirroring Bitcoin’s (BTC) setup from November.
In a brand new publish on the social media platform X to this 172,200 followers, Zeberg says WIF may leap to the $19 vary.
“Simply earlier than the big run of BTC in November we noticed the identical technical power as we presently see in WIF
– Constructive Divergence in RSI
– MACD about to Cross in a Bullish method
– RVGI transferring greater
All this whereas worth has been pushing right into a Descending Wedge – in bigger wave 2.
TRANSLATION:
WIF is about to blow up greater 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 abruptly flashing bullish for altcoins whereas warning of worsening macro circumstances.
“We now have had the primary preliminary push in wave one of many BTC Dominance Index. Hardly noticeable! It is going to 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 should see! Most significantly is to be on the proper facet of the commerce.”
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Test Price Action
Comply with us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Day by day Hodl usually are not funding recommendation. Traders 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 danger, and any losses chances are you’ll incur are your duty. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in affiliate marketing online.
Generated Picture: Midjourney
