Economist Henrik Zeberg predicts a massive price jump for the Solana-based memecoin, dogwifhat (WIF). He believes WIF could surge to $19, representing a staggering 840% increase from its current price.
WIF’s Potential Breakout
Zeberg shared his bullish outlook on X (formerly Twitter), citing several technical indicators that mirror Bitcoin’s price action before a significant rally last November. These indicators include positive RSI divergence, a bullish MACD crossover, and a rising RVGI, all while the price consolidates within a descending wedge. He interprets this as a setup for a major price increase.
Currently trading around $2.02, a jump to $19 would be a huge win for investors. The prediction is based on Zeberg’s analysis of larger market trends and technical patterns.
Broader Crypto Market Outlook
Zeberg also commented on the broader crypto market, suggesting a bullish outlook for altcoins despite worsening macroeconomic conditions. He believes the current market conditions are favorable for altcoin gains, predicting a significant push in the coming weeks. He cautions, however, that this is part of a larger wave pattern, and timing the exact peak remains uncertain.
Disclaimer: This is not financial advice. Investing in cryptocurrencies is risky, and you could lose money. Always do your own research before making any investment decisions.
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