Solana-Based Dogwifhat Reaches Critical Level That Could Lead To Catastrophic Crash



Crypto
analyst
Crypto
Jack
has
suggested
that
Solana-based
meme
coin


Dogwifhat
(WIF)


could
soon
witness
a
catastrophic
crash.
He
noted
what
needs
to
happen
for
the
meme
coin
to
avoid
this
significant
price
decline. 

How
Dogwifhat’s
Price
Could
Crash
Significantly 


Crypto
Jack
mentioned
in
an
X
(formerly
Twitter)


post


that
Dogwifhat’s
price
needs
to
stay
above
$3.5
as
failure
to
hold
above
that
level
could
be
“catastrophic”
for
the
meme
coin.
He
also
advised

How To Get Free Crypto  


crypto
traders


to
exercise
caution
while
trading
the
meme
coin
so
they
do
not
get
caught
unaware
and
shaken
out
from
their
positions. 

Source:
X


Interestingly,


data


from
CoinMarketCap
shows
that
Dogwifhat
has
experienced
a
price
drop
below
$3.5
from
its
weekly
high
of
$4.
Crypto
Jack’s
analysis
suggests
that
the
meme
coin’s
catastrophic
crash
may
have
already
begun,
as
it
could
well
hit
new
lows
on
its
way
down. 


It
is
worth
mentioning
that
Dogwifhat
is
still
up
over
24%
in
the
last
seven
days,
which
suggests
that
this
recent
price
decline
might
just
be
a


brief
correction


as
part
of
an
upward
trend
that
the
meme
coin
is
currently
enjoying.
However,
thanks
to
this
recent
price
decline,
over
$1.2
million
in
long
positions
have
been
liquidated
in
the
last
24
hours,
according
to

Coinbase Banner  


data


from
Coinglass. 

Not
Yet
Time
To
Be
Bearish
On
Dogwifhat


Crypto
analyst
CrediBULL
Crypto


had


previously
revealed


his
bearish
expectations
for
Dogwifhat,
claiming
that
the
crypto
token
could
drop
to
as
low
as
$1.6.
He
added
that
he
would
look
to
short
the
meme
coin
at
$3.90,
as
he
expected
it
to
enjoy
one
last
push
to
the
upside
before
it
declined
significantly. 


However,
despite
Dogwifhat
already
attaining
this
height
as
predicted,


CrediBULL
Crypto


suggested
in
a
recent
X
post
that
it
wasn’t
yet
the
right
time
to
be
bearish
on
Dogwifhat.
He
claimed
that
the
“Hat
stays
on
a
bit
longer”
because
he
believes


Solana


is
approaching
a
bounce
zone,
which
could
cause
it
to
climb
to
new
local
highs.
If
that
is
the
case,
he
expects
WIF
to
continue
its
upward
trend,
making
it
shorting
it
now
a
wrong
move. 


Crypto
analyst
and
trader
Ponzi
Trader
also
suggested
that
Dogwifhat
still
has
enough
bullish
momentum
to
make
another
run
following
its
recent
price
decline.
He

FreeBitcoin Banner  


revealed


that
he
is
betting
on
WIF,
bouncing
from
its
current
price
range. 

Source:
X


Regarding
how
high
Dogwifhat
could
rally
on
its
next
leg
up,
crypto
analyst
Alex
Clay


predicts


the
bullish
sentiment
towards
the
meme
coin
could
send
its
price
to
$6.7.
Crypto
analyst
and
trader
Unipcs
(Bonk
Guy)
is
bullish
on
Dogwifhat
and


predicts


that
the
meme
coin
will
reach
$10
while
claiming
it
will
never
drop
to
$1
again. 

WIF
price
fluctuates
with
crypto
market
|
Source:

WIFUSDT
on
Tradingview.com

Featured
image
created
with
Dall.E,
chart
from
Tradingview.com

Go to Source
Author: Scott Matherson


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