The post Dogwifhat Price Prediction – Why It Could Be Time To Sell WIF Coin appeared on BitcoinEthereumNews.com.

This article was paid for* Solana meme coins have been outpacing the broader crypto market, with Dogwifhat leading the rally.  After creating a local bottom at $1.11, the WIF price has surged by nearly 150%, trading as high as high as $2.80.   However, the latest Dogwifhat price predictions from prominent crypto traders suggest that the meme coin could see considerable downside volatility in the short term. It is already down over 12% from Monday’s high, with a significant possibility of a larger correction.  Mid-caps like First Neiro On Ethereum and Popcat are currently outperforming WIF, with even low-caps like MEMEBET and STARS in high demand.  Dogwifhat Price Prediction – Experts Turn Bearish On WIF Bluntz – one of the top traders on Bybit – is a noted WIF bull. He expects the top Solana meme coin to peak at $12 in this bull cycle.  Earlier this month, Bluntz predicted the Dogwifhat rally, citing a strong lower timeframe accumulation, bullish divergences on the hourly chart and a break in the downtrend structure.  Unsurprisingly, WIF recorded a 38% growth after his projection, bouncing from $2.12 to $2.8.  However, Bluntz has now signalled that this upside move has topped out and revealed that he has closed his long positions.  In fact, he claims that the broad-based rally in crypto prices this week could have been a bull trap, citing a potential rally in the US Dollar and Bitcoin’s rejection from its 0.618 Fib resistance.  As per his chart, the US Dollar Index could jump to 108, which would likely result in strong sell-offs in risk-on assets like meme coins.  Bluntz isn’t the only prominent investor with a bearish Dogwifhat price prediction. CrediBULL Crypto – a smart money investor with over 420k X followers – expects the WIF price to see a sharp decline,…

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Filed under: News - @ October 8, 2024 5:28 pm