Economist Henrik Zeberg is making waves in the crypto community with his latest prediction regarding the Solana-based memecoin dogwifhat (WIF). Zeberg, who has a following of over 172,000 on social media platform X, recently shared his insights on WIF’s potential price movement, drawing parallels to Bitcoin’s setup back in November.
According to Zeberg, WIF is exhibiting technical strength similar to what Bitcoin showed before its significant rally in November. He pointed out key indicators such as positive divergence in RSI, MACD about to cross in a bullish manner, and RVGI moving higher. All of this is happening as the price of WIF is pushing into a Descending Wedge, signaling a larger wave 2.
In Zeberg’s own words, “WIF is about to explode higher in larger wave 3 – in an extended move which may reach as high as 18-19 USD in this next move.” This bold prediction suggests a potential price increase of approximately 840% from its current trading value of $2.02.
Zeberg’s optimism for WIF comes amidst a broader bullish sentiment for altcoins in the crypto market. He recently mentioned that the market is showing positive signs for altcoins, hinting at a significant push in wave three of the BTC Dominance Index. While acknowledging some macroeconomic concerns, Zeberg remains confident in the potential for altcoins to rally in the coming waves.
As investors eagerly await WIF’s price action, Zeberg’s insights serve as a valuable guide for navigating the volatile crypto market. With his track record of accurate predictions, many are keeping a close eye on WIF’s potential for a major price surge in the near future.
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Source: Henrik Zeberg/X
Image Source: Midjourney