Economist Henrik Zeberg says that the Solana (SOL)-based memecoin dogwifhat (WIF) is mirroring Bitcoin’s (BTC) setup from November.
In a brand new publish on the social media platform X to this 172,200 followers, Zeberg says WIF might leap to the $19 vary.
“Simply earlier than the massive run of BTC in November we noticed the identical technical energy as we at present see in WIF
– Optimistic Divergence in RSI
– MACD about to Cross in a Bullish method
– RVGI shifting greater
All this whereas worth has been pushing right into a Descending Wedge – in bigger wave 2.
TRANSLATION:
WIF is about to blow up greater 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 characterize a share improve of roughly 840%.
Yesterday, Zeberg said the crypto market is all of a sudden flashing bullish for altcoins whereas warning of worsening macro circumstances.
“Now we have 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 massive push in altcoins. And it solely ends after one other three waves from right here in wave three, wave 4, wave 5. When? We should see! Most significantly is to be on the fitting facet of the commerce.”
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