One main crypto strategist thinks {that a} dog-themed Solana (SOL)-based memecoin is headed to a lot decrease costs.
In a brand new video, pseudonymous analyst Credible Crypto tells his 55,500 YouTube subscribers that dogwifhat (WIF) probably has not but shaped a market backside.
“I do suppose that we might see some kind of a lifeless cat bounce right here, however I don’t fairly suppose that the draw back is but achieved.”
his chart, the dealer means that WIF might right to as little as $0.80 with value bounces alongside the way in which.
WIF is buying and selling for $1.60 at time of writing, up practically 3% within the final 24 hours.
Subsequent up, the analyst says memecoin Pepe (PEPE) could expertise a couple of 90% correction from its all-time excessive of $0.0000171.
“Clearly we’ve got a major space of assist right here within the inexperienced zone [between $0.0000059 and $0.0000040] so we might even see some kind of a bounce from there. However in the end the place I feel that is headed is decrease.”
Primarily based on the dealer’s chart, he seems to foretell that PEPE might plummet to as little as $0.00000185.
Pepe is buying and selling for $0.00000876 at time of writing.
Lastly, the analyst says that dog-themed memecoin Dogecoin (DOGE) could retest larger resistance ranges if Bitcoin begins to rally.
“Cash like DOGE might even see some reduction to the upside. You’ve hit our first draw back goal space of demand – logical place to see a bounce.
We most likely see a bounce together with Bitcoin. After which we most likely discover some resistance after which proceed to bleed as Bitcoin continues to pump. And that’s the place we get this kind of extended bleed to the draw back…
Dogecoin: logical place to have an interest at $0.10. However there’s an opportunity that we will go decrease if this area is misplaced. We could actually see a bounce right here.”
his chart, the analyst means that one doable state of affairs is for DOGE to dip to round $0.084, retest resistance at round $0.15 and collapse to as little as $0.06.
DOGE is buying and selling for $0.108 at time of writing, up barely within the final 24 hours.
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