Cryptocurrency traders who follow closely remain bullish on the Solana (SOL)-based Dogecoin (DOGE) rival, which has posted big gains in recent months.
pseudonym trader The Flow Horse says 200,300 followers on social media platform
“I continue to buy WIF during intraday declines. It’s not the best until there’s a big explosion. Weekly VWAP (Volume Weighted Average Price) remains a good entry. We expect this to continue as short-term leverage continues to dissipate and spot bids remain strong. “We are targeting at least $0.80.”
At the time of writing, WIF is trading at $0.373, down almost 10% in the last 24 hours.
That too Believe Altcoin price trends will be greatly influenced by the short-term movements of Bitcoin (BTC). He believes that if Bitcoin rebounds further, liquidity from alternative assets will shift towards Bitcoin as traders chase upward trends in the best-performing digital asset. He also believes that altcoins could see an outflow if Bitcoin undergoes a significant market correction.
“Alt is in a weird place. I woke up this morning and noticed a few red spots, so I peeled some off. If Bitcoin continues to rise, I think we will see a quality effect as people dump alternative stocks that are not moving. OTOH (on the other hand), the sharper corrections that typically occur for BTC also affect the same alternatives.”
As of this writing, the value of Bitcoin is $51,996, down slightly from the previous day.
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