Economist Henrik Zeberg says that the Solana (SOL)-based memecoin dogwifhat (WIF) is mirroring Bitcoin’s (BTC) setup from November.
In a new post on the social media platform X to this 172,200 followers, Zeberg says WIF could leap to the $19 range.
“Just before the large run of BTC in November we saw the same technical strength as we currently see in WIF
– Positive Divergence in RSI
– MACD about to Cross in a Bullish manner
– RVGI moving higher
All this while price has been pushing into a Descending Wedge – in larger wave 2.
TRANSLATION:
WIF is about to explode higher in larger wave 3 – in an extended move which may reach as high as 18-19 USD in this next move!”
WIF is trading for $2.02 at time of writing, up 13% in the last 24 hours. A move to $19 would represent a percentage increase of approximately 840%.
Yesterday, Zeberg said the crypto market is suddenly flashing bullish for altcoins while warning of worsening macro conditions.
“We have had the first initial push in wave one of the BTC Dominance Index. Hardly noticeable! It will be in wave three (which starts now) that we really see the big push in altcoins. And it only ends after another three waves from here in wave three, wave four, wave five. When? We will have to see! Most importantly is to be on the right side of the trade.”
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Generated Image: Midjourney
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