dogwifhat

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-analyst-predicts-significant-drop-for-meme-coin-wif/" data-wpel-link="internal">Crypto Analyst Predicts Significant Drop for Meme Coin WIF</a><br></p>
<p style="text-align: justify">Recognized for his accurate forecasts, <a href="https://en.coin-turk.com/cardano-ada-coin-price-analysis-will-it-reach-new-highs-in-2024/" data-wpel-link="internal">crypto analyst</a> and trader Bluntz has announced an expected decline in dogwifhat (WIF), a memecoin ranked in the top 50 by <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> value. The analyst predicts that the altcoin will fall by more than 50%.</p> 
<h2 style="text-align: justify" id="strong-details-of-analyst-bluntz-s-decline-forecast-for-wif-strong"><strong>Details of Analyst Bluntz’s Decline Forecast for WIF</strong></h2> 
<p style="text-align: justify">Anonymous crypto analyst Bluntz has warned his followers on the social media platform X that dogwifhat’s WIF, built on the Solana (SOL) Blockchain, could drop about 66% from its current <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">price</a> levels.</p> 
<p style="text-align: justify">Known for regularly using Elliott Wave theory in his technical analyses, Bluntz suggests that WIF is likely in the process of completing a corrective three-wave pattern. According to Elliott Wave theory, while the main trend of an asset’s price moves in a five-wave formation, corrections occur in a three-wave formation.</p> 
<p style="text-align: justify">Looking at the price chart he shared, it appears the analyst expects the altcoin to form a bottom around $1 before continuing its upward trend towards all-time highs.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-349430" src="https://coin-turk.com/wp-content/uploads/2024/05/Altcoin-WIF.jpeg" alt="" width="1111" height="1147"></p> 
<p style="text-align: justify">Currently the 43rd largest cryptocurrency by market value, WIF was trading at $2.94 at the time this article was written. The Solana-based memecoin dropped to a low of $0.069 on January 10, 2024, gaining over 42 times in value within four months.</p> 
<h2 style="text-align: justify" id="strong-credible-crypto-also-issues-a-decline-warning-for-wif-strong"><strong>Credible Crypto Also Issues a Decline Warning for WIF</strong></h2> 
<p style="text-align: justify">Alongside Bluntz, another crypto analyst known as Credible Crypto has also warned of an expected decline in WIF and other memecoins. According to Credible Crypto, WIF could drop about 47% from its current price levels.</p> 
<p style="text-align: justify">In his warning, the analyst emphasized that the expected decline is rapidly approaching, saying “If you haven’t looked yet and/or you don’t think there will be a significant drop in WIF under $2, Dogecoin (DOGE), and other memecoins, it’s not too late yet.”</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/crypto-analyst-predicts-significant-drop-for-meme-coin-wif/" data-wpel-link="internal">Crypto Analyst Predicts Significant Drop for Meme Coin WIF</a></h5>

Crypto Analyst Predicts Significant Drop for Meme Coin WIF

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