The post Dogwifhat Price Prediction – Is It Time To Sell WIF And Buy New Meme Coins? appeared on BitcoinEthereumNews.com.

Top Solana meme coin Dogwifhat is facing the risk of major downside volatility.  The WIF price is already down over 16% from its October high of $2.92, trading at just $2.44 at press time. The meme coin is creating another red candle today on Tuesday and is down by 4% in the past 24 hours.  With the meme coin now facing a key resistance level, the latest Dogwifhat price predictions are cautioning about another sharp correction.  On the contrary, new meme coins continue to thrive behind large whale investments. GOAT and CAT are amongst the top gainers today, while presale projects like Pepe Unchained are seeing strong funding.  Dogwifhat Price Prediction – Will WIF Avoid A Sell-Off? Crypto traders are already sounding the alarm on the possibility of a steep correction in Dogwifhat.  After failing to hold above the $2.85 resistance level earlier this month, WIF is now trading firmly below it. Similarly, it has also dipped below an ascending trendline, which does not bode well for its short-term prospects.    Prominent crypto traders like Aditya Thakur are warning that it is crucial for the Solana meme coin to flip and hold above this horizontal resistance level. The last time WIF failed to reclaim it as a support, it saw a significant correction back to $1.  Another popular crypto investor StefanB has also opened a short position on Dogwifhat, anticipating the meme coin to slide to $1.96.    $WIF -> shorts still trailing and covering for potential long losses on the way.Stick to the plan, execute and profits will come consistently. pic.twitter.com/utZ02LTwLC — StefanB (@Stefan_B_Trades) October 22, 2024   Notably, prominent trader CrediBULL Crypto also opened a short position on WIF earlier this month. His Dogwifhat price prediction has the meme coin to dip to $1, particularly since he anticipates…

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Filed under: News - @ October 23, 2024 3:20 am