A leading crypto-strategist believes that the price of a memecoin based on Solana’s (SOL), a cryptocurrency themed around dogs, will drop dramatically.
Credible Crypto, a pseudonymous YouTube analyst, tells 55,500 subscribers in a recent video that the market for dogwifhat has likely not reached a bottom.
The trader, looking at his chart suggests that WIF may correct as low as $80. There will be price fluctuations along the way.
WIF currently trades at $1.60, an increase of nearly 3% over the past 24 hours.
Analysts predict that memecoin Pepe will experience a 90 percent correction from the all-time peak of $0.0000171.
But ultimately, I think this is headed lower.” Ultimately, I believe this will be heading lower .”
According to the chart of the trader, it appears that PEPE may fall as low as $0.00000185.
Pepe currently trades for $0.0000876.
Analysts say that Dogecoin, a memecoin based on dogs (DOGE), may test higher resistance levels in the event Bitcoin starts to rise.
Coins such as DOGE could see some relief on the upside. Your first demand area on the downside has been hit – this is a logical spot to expect a rebound.
Bitcoin will probably bounce. We will probably then find resistance, and continue bleeding as Bitcoin pumps. This is why we see this prolonged bleeding to the downside.
Dogecoin is a logical investment at $0.05. There’s still a possibility that this area could be lost, and we may go even lower. There is a possibility that we will see a rebound here .”
The analyst believes that a possible scenario for DOGE is that it will dip as low as around $0.084, then retest the resistance around $0.15, and finally collapse as low as around $0.06.
DOGE has risen to $0.108 as of the time this article was written, a slight increase in price over the past 24 hours.
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The post Crypto Trader says Solana-based Altcoin primed to plunge further, Outlines path forward for Pepe Dogecoin and may be updated as new information becomes available.
