dogwifhat

Solana

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-further-decline-in-dogwifhat-despite-recent-drop/" data-wpel-link="internal">Analyst Predicts Further Decline in Dogwifhat Despite Recent Drop</a><br></p>
<p style="text-align: justify">The decline in Bitcoin continues to impact the <a href="https://en.coin-turk.com/junes-exciting-start-in-cryptocurrency-expert-opinion-on-bitcoins-direction/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>. The uneasy environment created by economic statements from the US has been one of the biggest triggers of this process. Additionally, a famous analyst made significant remarks that one of the cryptocurrencies that marked the first quarter of the year is very close to collapsing.</p> 
<h2 style="text-align: justify" id="analyst-s-wif-comments">Analyst’s WIF Comments</h2> 
<p style="text-align: justify">Altcoin Sherpa, a well-known analyst in the cryptocurrency world, made an important statement about <strong>dogwifhat</strong> (WIF), the fourth meme coin. In his statement, he noted that despite the significant drop in price, WIF might not have reached the bottom yet and issued a warning.</p> 
<blockquote> 
 <p>WIF: generally a good area, I expect a bounce. However, I don’t think this is the overall bottom. There is a strong pullback overall, and I expect it to drop further.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-363941" src="https://coin-turk.com/wp-content/uploads/2024/06/wif-coin-turk-com-1.png" alt="" width="920" height="512"></p> 
<p style="text-align: justify">The analyst, in his <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">review</a>, indicated that WIF could rise to $2.50 before a correction to $1.26, which marks the Fibonacci retracement level. Looking back at historical data, WIF was found to have buyers at the $0.148 region on December 20. As of the time of writing, it is trading at the $1.75 region after experiencing a drop of over 13%.</p> 
<h2 style="text-align: justify" id="1-bitcoin-to-usd">1 Bitcoin to USD</h2> 
<p style="text-align: justify">Turning his attention to <strong>BTC</strong>, the analyst highlighted the daily chart analysis of Bitcoin (BTC), noting that the price movement of the market leader is occurring within a trading range, which could be a process before a trend confirmation.</p> 
<blockquote> 
 <p>BTC: keep your charts simple and relax. EQ (equilibrium price) is usually not a point where you would actively want to trade, but let’s see what happens.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-363940" src="https://coin-turk.com/wp-content/uploads/2024/06/btc-coin-turk-com-3.png" alt="" width="924" height="516"></p> 
<p style="text-align: justify">After a 1.90% drop in the last 24 hours, Bitcoin is trading at $63,800, causing the market cap to decline to $1.26 trillion.</p> 
<h2 style="text-align: justify" id="solana-s-current-price">Solana’s Current Price</h2> 
<p style="text-align: justify">Following all this, the analyst also examined a high-volume altcoin, noting that <strong>Solana</strong> (SOL) experienced a decline similar to the last months of 2020 before a new rally, indicating a parallel process.</p> 
<blockquote> 
 <p>I constantly quote this because I think it is extremely relevant today. I believe we are somewhere in the yellow boxes right now. Most alts probably need to go a bit lower, and I expect BTC to be in super healthy condition before alts start moving.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-363939" src="https://coin-turk.com/wp-content/uploads/2024/06/solana-coin-turk-com-1.png" alt="" width="922" height="512"></p> 
<p style="text-align: justify">Despite a 4.13% drop in the last 24 hours, Solana continues to stay above $129.</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/analyst-predicts-further-decline-in-dogwifhat-despite-recent-drop/" data-wpel-link="internal">Analyst Predicts Further Decline in Dogwifhat Despite Recent Drop</a></h5>

Analyst Predicts Further Decline in Dogwifhat Despite Recent Drop

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