Token

Solana

Optimism

dogwifhat

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-major-breakout-for-solana-meme-token/" data-wpel-link="internal">Analyst Predicts Major Breakout for Solana Meme Token</a> 
<a href="https://coin-turk.com/1-milyon-eth-gecti-ethereum-shanghai-guncellemesi-sonrasi-hareketlilik-devam-ediyor" data-wpel-link="internal">Cryptocurrency</a> market’s leading analyst suggests that the prominent <a href="https://en.coin-turk.com/solanas-remarkable-recovery-and-price-prediction/" data-wpel-link="internal">Solana</a> (<a href="https://en.coin-turk.com/renowned-analyst-forecasts-significant-upswing-for-binance-coin-bnb-and-possible-market-downturns/" data-wpel-link="internal">SOL</a>) ecosystem meme token is gearing up for a significant breakout. The analyst discussed the popular meme token dogwifhat (WIF) and shared critical resistance levels with followers. 
<h2 id="key-levels-for-wif">Key Levels for WIF</h2> 
Known by the pseudonym The Flow Horse, the crypto analyst told followers on social media that the popular meme token dogwifhat (WIF) is on the verge of turning a significant resistance level at $0.42 into support, which could trigger a major rally. The expert commented: 
<blockquote> 
 There are usually some very obvious setups. Few things are as clear as WIF. This base is forming a much bigger formation again. 
</blockquote> 
Later, the crypto analyst pointed out that <a href="https://coin-turk.com/ethereum-eth-litecoin-ltc-ve-ripple-xrp-teknik-analizi-3-subat-2021" data-wpel-link="internal">Ethereum’s (ETH)</a> Layer-2 project Optimism (OP) is on the rise, favoring it over Arbitrum (ARB). Another social media user’s chart comparing the OP/ARB ratio was cited, suggesting that OP will continue to outperform ARB. The analyst stated: 
<blockquote> 
 I agree. ARB is not in for a long wait, OP is in for the long haul. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-320923 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/WIF.png" alt="" width="1551" height="716"> 
<h2 id="unlocking-key-for-arb">Unlocking Key for ARB</h2> 
At the time of writing, Optimism was trading at $3.73, down about 3% in the last 24 hours. The analyst also indicated a bearish trend for ARB due to planned token unlock events. Unlock events are generally perceived as bearish because they can create new sellable supply. The senior analyst finally said: 
<blockquote> 
 Yes, it’s much worse than I thought. I’m taking this out. There’s no benefit to tying up capital in anything less than A+ with the current trading volume. 
</blockquote> 
According to data from 21milyon.com, WIF was trading at $0.62, up more than 30% in the last 24 hours at the time the article was written. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-major-breakout-for-solana-meme-token/" data-wpel-link="internal">Analyst Predicts Major Breakout for Solana Meme Token</a></h5>

Analyst Predicts Major Breakout for Solana Meme Token

Table of Contents

COINTURK NEWS

Other articles published on Feb 28, 2024

Shiba Inu Leads Meme Token Surge in Crypto Market

JasmyCoin Price Prediction: JASMY Soars 15% And An Insane 235% In A Month, But Can It Outperform ...

Huge excitement over Crypto Lending Innovation Kelexo (KLXO) looks to 30X post presale whilst Car...

US Economic Data and Its Impact on Cryptocurrency Markets

Will Spring and Summer warm up Ripple (XRP) trading price and will Kelexo (KLXO) 20X as Aave (AAV...

Pepe Coin Price Surge: Traders Made $2 Million In Profits

Join our free newsletter for daily crypto updates!