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kryptobörsen > News > Altcoin > Top Analyst Says Dogecoin Rival That’s Up Over 7,500% in Less Than Three Months About To Go ‘Turbo Parabolic’

Top Analyst Says Dogecoin Rival That’s Up Over 7,500% in Less Than Three Months About To Go ‘Turbo Parabolic’


A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a Solana (SOL) ecosystem memecoin.

The analyst pseudonymously known as Bluntz tells his 240,300 followers on the social media platform X that dogwifhat (WIF) is on the cusp of breaking through its all-time high of around $0.47 (and which is now a major resistance level) and embarking on an irreversible rally.

“What if I told you this next leg on WIF is going to be the one that goes turbo parabolic? No more pulling back at $0.50 resistance, this is going to be the push that goes crazy in my opinion.”

Source: Bluntz/X

Based on Bluntz’s chart, it appears that the analyst is suggesting that WIF has formed a descending channel chart on the four-hour chart from which it could break out to the upside after testing the lower boundary. It also appears that the analyst is suggesting that WIF has established a support level at around $0.289, a level which coincides with the 68.2% Fibonacci retracement level. The Fibonacci retracement level is a technical analysis tool that’s used to determine areas where price could reverse.

WIF is trading at $0.366 at time of writing, up by 7,556% from a price of $0.00478 on December 13th.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

 





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