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 energy as we at the moment see in WIF
– Optimistic Divergence in RSI
– MACD about to Cross in a Bullish method
– RVGI transferring larger
All this whereas value has been pushing right into a Descending Wedge – in bigger wave 2.
TRANSLATION:
WIF is about to blow up larger 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 symbolize a share improve of roughly 840%.
Yesterday, Zeberg mentioned the crypto market is abruptly flashing bullish for altcoins whereas warning of worsening macro situations.
“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 proper facet of the commerce.”
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Examine Worth Motion
Comply with us on X, Fb and Telegram
Surf The Each day Hodl Combine
 
Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses you might incur are your duty. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please observe that The Each day Hodl participates in internet affiliate marketing.
Generated Picture: Midjourney
Discussion about this post