Top Analyst Issues Warning on dogwifhat Memecoin, Says a Drop Below This Level Will Be ‘Quite Catastrophic’
A high crypto analyst is issuing a warning that dogwifhat (WIF) might collapse if the memecoin dips under a key degree.
In a new technique session, pseudonymous analyst DonAlt tells his 58,800 YouTube subscribers that WIF might plummet in worth if it fails to carry $3 as help.
“If Dogecoin goes up, maybe WIF goes back up too, so you can kind of make up your own minds, but I think a close below $3 would be quite catastrophic. So if you’re bullish on WIF, it’s trading quite a bit above $3, but if it starts trading below $3, I think that is a major shift in momentum.”
Nonetheless, the analyst says there’s a risk that if WIF dips under $3 it might take off on one other run past $4.50 – or it might simply chop round $3 for a whereas.
“If you start selling at $3 and it does this, you might be upset because there’s a chance that it does this and then goes for another run. But then it’s basically you close below $3 and you reopen above and then there’s a chance it just chops you out a bunch but that’s how it goes if you really want to trade these things.”
WIF is buying and selling for $3.56 at time of writing, up greater than 2% within the final 24 hours.
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