Price: $0.19314 -0.9597%
Market Cap: 28.33B 1.125%
Volume (24h): 4.67B 0.2%
Dominance: 1.125%
Price: $0.19314 -0.9597%
Market Cap: 28.33B 1.125%
Volume (24h): 4.67B 0.2%
Dominance: 1.125% 1.125%
  • Price: $0.19314 -0.9597%
  • Market Cap: 28.33B 1.125%
  • Volume (24h): 4.67B 0.2%
  • Dominance: 1.125% 1.125%
  • Price: $0.19314 -0.9597%
Home > Information news > Top Analyst Issues Warning on dogwifhat Memecoin, Says a Drop Below This Level Will Be ‘Quite Catastrophic’

Top Analyst Issues Warning on dogwifhat Memecoin, Says a Drop Below This Level Will Be ‘Quite Catastrophic’

Release: 2024/04/12 03:27 Reading: 478

Original author:TheBitTimes

Original source:https://coinmarketcap.com/community/articles/66182d33b89773638932cba1

A top crypto analyst is issuing a warning that dogwifhat (WIF) could collapse if the memecoin dips below a key level.

In a new strategy session, pseudonymous analyst DonAlt tells his 58,800 YouTube subscribers that WIF could plummet in value if it fails to hold $3 as support.

“If Dogecoin goes up, maybe WIF goes back up too, so you can kind of make up your own minds, but I think a close below $3 would be quite catastrophic. So if you’re bullish on WIF, it’s trading quite a bit above $3, but if it starts trading below $3, I think that is a major shift in momentum.”

However, the analyst says there is a possibility that if WIF dips below $3 it could take off on another run beyond $4.50 – or it could just chop around $3 for a while.

“If you start selling at $3 and it does this, you might be upset because there’s a chance that it does this and then goes for another run. But then it’s basically you close below $3 and you reopen above and then there’s a chance it just chops you out a bunch but that’s how it goes if you really want to trade these things.”

WIF is trading for $3.56 at time of writing, up more than 2% in the last 24 hours.

 

Source: https://thebittimes.com/top-analyst-issues-warning-on-dogwifhat-memecoin-says-a-drop-below-this-level-will-be-quite-catastrophic-tbt85139.html

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