A Solana-based memecoin could be about to explode in value, according to economist Henrik Zeberg. Zeberg, who has over 150,000 followers on X (formerly Twitter), says that dogwifhat (WIF) could skyrocket by over 900% in the coming weeks.
Zeberg’s prediction is based on the Elliott Wave Theory, a technical analysis method that looks for patterns in market behavior. He believes that WIF is currently breaking out of a period of consolidation, which could trigger a massive rally.
“WIF could be at $15-$22 in a matter of weeks,” Zeberg said. “It’s breaking out of a long consolidation period. The potential is amazing.”
Zeberg also points to the broader altcoin market, which he believes is starting to outperform Bitcoin.
“Altseason is here! Alts are starting to outperform BTC,” Zeberg said. “The TOTAL3/BTC ratio has broken higher after bullish divergence, and it has retested the trend line. Now we fly, or rather alts fly. WIF has taken the lead!”
Bullish divergence is a technical indicator that suggests a price reversal is coming. In this case, the TOTAL3/BTC ratio is showing bullish divergence, which means that the broader altcoin market is likely to start gaining ground against Bitcoin.
While Zeberg’s predictions are exciting, it’s important to remember that investing in cryptocurrencies is risky.
Do your own research before investing in any cryptocurrency, and never invest more than you can afford to lose. /p>
