Economist Henrik Zeberg says that the Solana (SOL)-based memecoin dogwifhat (WIF) is mirroring Bitcoin’s (BTC) setup from November.
In a brand new submit on the social media platform X to this 172,200 followers, Zeberg says WIF might leap to the $19 vary.
“Simply earlier than the big run of BTC in November we noticed the identical technical power as we at the moment see in WIF
– Optimistic Divergence in RSI
– MACD about to Cross in a Bullish method
– RVGI transferring larger
All this whereas value has been pushing right into a Descending Wedge – in bigger wave 2.
TRANSLATION:
WIF is about to blow up larger in bigger wave 3 – in an prolonged transfer which can attain as excessive as 18-19 USD on this subsequent transfer!”
WIF is buying and selling for $2.02 at time of writing, up 13% within the final 24 hours. A transfer to $19 would symbolize a proportion improve of roughly 840%.
Yesterday, Zeberg mentioned the crypto market is immediately flashing bullish for altcoins whereas warning of worsening macro circumstances.
“We’ve had the primary preliminary push in wave one of many BTC Dominance Index. Hardly noticeable! It is going to be in wave three (which begins now) that we actually see the large push in altcoins. And it solely ends after one other three waves from right here in wave three, wave 4, wave 5. When? We must see! Most significantly is to be on the best aspect of the commerce.”
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