Memecoin

Sherpa

PEPE

Coin

<ul>
 <li>An analyst has predicted that Dogwifhat (WIF) could hit and surpass the $2.5 mark.&nbsp;</li>
</ul>
<ul>
 <li>The analyst also predicted that MOG and PEPE Coin could join WIF in the impending rally.&nbsp;</li>
</ul>
<a href="https://www.crypto-news-flash.com/breaking-whale-investor-shows-faith-in-dogwifhat-wif-with-massive-accumulation/" target="_blank" rel="noopener noreferrer nofollow">Dogwifhat (WIF)</a> dramatically increased by almost 3,088% from $0.06 in January to $4.8 in March, positioning its market cap at almost $5 billion. However, the asset took a nosedive and has since struggled to return to its peak due to negative price-determining factors and general market uncertainties.&nbsp;
According to our data, June was one of the worst months for the asset, as it plunged from $4.07 to $1.47, dragging WIF below the 61.8% Fibonacci retracement level. Fortunately, the broader market supply pressure eased this week as the price surged by 16% to rise to $2. For its intraday loss, analysts believe that it came from a bearish reversal from the downsloping trendline, which carries the current correction trend.&nbsp;

<div class="cryptoboxes" id="mcw-709528" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="dogwifhat" data-symbol="WIF" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
Analysts say the asset could drop to as low as $1.47 once a rebound fails. However, a successful control by bulls could return the price to its all-time high.&nbsp;
Amid the backdrop of this, whales are actively accumulating the asset with an on-chain data tracker, Lookonchain, showing that the largest holder of the asset recently spent 4.65 million USDC to purchase 2.3 million WIF for $2.03 per token. This has increased his holdings to 23.39M WIF ($49.6M), with a profit of around $83M.&nbsp;
<h3 id="strong-crypto-analyst-gives-bullish-assessment-on-dogwifhat-wif-and-other-memecoins-strong">Crypto Analyst Gives Bullish Assessment on Dogwifhat (WIF) and Other Memecoins&nbsp;</h3>
Regarding the positive side of the price movement, crypto analyst Altcoin Sherpa believes that a bounce back is imminent.&nbsp;
Speaking to his 217k followers, Sherpa <a href="https://dailyhodl.com/2024/06/27/trader-says-memecoin-thats-exploded-over-3000-in-five-months-primed-to-go-higher-updates-outlook-on-solana/" target="_blank" rel="noopener noreferrer nofollow">disclosed</a> that the meme coins are making a promising recovery following the recent market crash. Leveraging this, the analyst expects WIF to breach the $2.5 resistance mark in the short term, then proceed into the $3 zone. Alongside WIF, Sherpa also tipped <a href="https://www.crypto-news-flash.com/mog-coin-skyrockets-into-top-100-cryptos-by-market-cap-meme-dominate/" target="_blank" rel="noopener noreferrer nofollow">MOG</a> and PEPECoin for a bullish run.&nbsp;
<blockquote>
 Some memes are making a strong bounce from their local bottoms. WIF probably will go to at least $2.50, MOG is one of the stronger ones, and og PEPEcoin is at a solid bounce area (I own this one). Let’s see if these areas can be sustained.
</blockquote>
At press time, MOG was trading at $0.00000188 after surging by 9% in the last 24 hours and 96% in the last seven days. Pepecoin was also trading at $3 at press time and had surged by 6.5% in the last seven days.&nbsp;
Speaking on the smart contract platform <a href="https://www.crypto-news-flash.com/what-is-solana-and-how-does-it-work/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL)</a>, the analyst predicted that the price would rise back into the $170 zone. However, he believes another crash could take place and drag the price to a far lower point.&nbsp;&nbsp;
<blockquote>
 SOL: I think this goes higher overall. to be determined if this is ‘the bottom’; I kind of doubt it. I still think you get another shot at the lows again later.
</blockquote>
At press time, SOL was trading at $140 after declining by 2.6% in the last 24 hours and 15% in the last 30 days. However, its seven-day gain remains positive, with a return of 3.8%.&nbsp;
<div class="cryptoboxes" id="mcw-126000" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="solana" data-symbol="SOL" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="month" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Trader Bullish on Memecoin WIF, Expects Further Surge Despite 3,000% Gains

Table of Contents

Crypto News Flash

Other articles published on Jun 30, 2024

BlockDAG’s Miners Dominate with Over 8,313 Sales as Render Faces Bearish Predictions; More on Imm...

Weekend Bitcoin trading drops to record low of 16%

Bitcoin Remains Bullish As New BTC Addresses Surge To New 2-Month Highs

Ethereum ETF Probably Delayed To 2nd Week of July or Later By SEC

Toncoin Eyes Bullish Continuation: Support Trendline Holds the Key

Vitalik Buterin Proposes Regulatory Solutions Amid Ongoing Concerns

Join our free newsletter for daily crypto updates!