The favored Solana meme coin, Dogwifhat (WIF), is exhibiting important bullish power within the post-CPI pump, reclaiming the $1 worth mark on Wednesday.
Sensible cash traders have all the time seen WIF as a beta play on Solana. With the $SOL worth breaking out above the important thing $185 resistance and now trying to reclaim the $200 degree, the stage is ready for an explosive WIF rally.
Seasoned merchants are giving bullish Dogwifhat worth predictions, with some even anticipating a brand new all-time excessive on this uptrend.
Nevertheless, WIF does nonetheless must breach key resistance ranges, and sidelined traders should be cautious to not purchase an area high.
Specialists additionally imagine that different common meme cash like Pepe, Fartcoin and Pudgy Penguins could supply higher risk-reward setups for brand spanking new patrons. WIF is even going through stiff competitors from low-cap meme tokens like TOKEN6900.
Dogwifhat Worth Prediction – Is Now The Proper Time To Purchase WIF?
The Dogwifhat worth has rebounded by almost 30% since its August 2nd backside, buying and selling as excessive as $1.04 on Wednesday.
$1 is a key psychological degree for any meme coin, and a day by day shut above it will undoubtedly be a bullish signal for WIF.
Sensible cash traders additionally look like bullish on Dogwifhat. Actually, it’s the most purchased meme coin by sensible cash wallets on August twelfth, knowledge from Stalkchain reveals.
Nevertheless, patrons should be conscious that WIF nonetheless must breach key resistance ranges. For starters, it wants a day by day shut above the $1.03 and the $1.10 resistance ranges.
Furthermore, it’s forming a bullish cup-and-handle sample, with its neckline resistance at $1.20.
Actually, there’s a greater cup-and-handle sample forming, with the neckline resistance close to the $1.40 mark. Outstanding dealer Crypto Tony claims that he would open lengthy positions in WIF solely when the Solana meme coin secures a weekly shut above the $1.40 mark.
Spot patrons can nonetheless accumulate at present ranges, with a excessive chance that Dogwifhat will set a brand new all-time excessive, which might imply almost 5x upside from right here. Leveraged merchants, nonetheless, ought to stay cautious of the important thing resistance ranges outlined above.
Alternatively, they could select to attend for a golden cross on WIF’s MACD (12, 26), which is on the verge of forming. A confirmed day by day shut would validate the sign.
Finest Low-Cap Meme Cash To Purchase Now
Regardless of its bullish power, Dogwifhat is in unsure territory. Quite the opposite, specialists imagine that Solana meme cash Fartcoin and Pudgy Penguins and Ethereum meme coin Pepe at present supply a greater risk-reward setup.
Low-cap meme cash are in excessive demand as properly. With the bull market euphoria returning, sensible cash traders are as soon as once more looking for 100x returns with cash like TOKEN6900 (T6900).
Because the title suggests, it’s Ethereum’s model of the favored Solana meme coin, SPX6900. The token shares SPX’s reverence for the quantity 69, anti-Wall Road spirit, and adherence to brain-rot tradition.
Very like Fartcoin, SPX6900 and Ineffective Coin, T6900 is a proud utility-less meme coin. It doesn’t care about financial knowledge, oil costs or company earnings, neither is it leaping on the AI bandwagon. It’s a good ol’ normal meme coin, which needs to offer small-scale merchants a possibility to make huge cash.
TOKEN6900 continues to be in its presale stage. Nevertheless, almost $2 million of the $5 million arduous cap is already offered out, which is leading to important FOMO.
Unsurprisingly, whales are among the many early patrons. A deep-pocketed investor bought over $100k value of T6900 cash on Tuesday. A number of of the outstanding traders are even calling TOKEN6900 the subsequent 100x crypto.
Go to TOKEN6900 Presale
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