Economist Henrik Zeberg said Solana (SOL)-based memecoin dogwifhat (WIF) has been mirroring Bitcoin (BTC) setup since November.
In a new post on social media platform
“Right before BTC’s big launch in November, we saw the same technical strength we see now with WIF.
– Positive emanation of RSI
– MACD about to cross in a bullish manner
– RVGI rises higher
All this while the price was pushing into the descending wedge from the larger second wave.
translation:
WIF will explode higher in three larger waves. In this next move it is an extended move that could reach 18-19 USD!”
At the time of this writing, WIF is trading at $2.02, up 13% in the last 24 hours. A change to $19 represents an increase of approximately 840%.
Yesterday, Zeberg said the cryptocurrency market was suddenly bullish on altcoins as he warned of worsening macro conditions.
“We got our first initial push from the first wave of the BTC Dominance Index. Almost unnoticeable! It will be the third wave (starting now) that will really see significant momentum for altcoins. And it ends here only after another three waves – wave 3, wave 4 and wave 5. when? We’ll have to see! The most important thing is to be on the right side of the deal.”
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