$WIF IS NOW AHEAD OF $PEPE !!! ๐ฑ Will It Reach $10? ๐ค๐
WIF (Dogwifhat) has recently hit a new ATH of $4.64 and it's becoming the third-largest memecoin by market cap! For who doesn't know, WIF is a meme token on Solana with a market cap of $4.3 billion! These days, many predictions have been made (e.g. $5, $10 $20, etc). It's important to keep in mind that when a token hits a new all-time high (ATH), predictions become uncharted. Although, Fibonacci helps us on this case to predict couple of short term scenarios.
BULLISH DIRECTION - TARGET PRICE FROM 5.25 to 6 (Short Term Prediction)
Next 24/48 hrs. volumes must show strength and break through the resistance R1; if it breaks, then mostlikey the price may hit $5.25. In case of selling pressure, support S1 could be considered as long entry point to speculate on a retest of R1 and furthermore a $6 take profit target.
BEARISH DIRECTION - TARGE PRICE FROM 3 to 3.3 (Short Term Prediction)
If the selling pressure becomes to high and S4 can't keep it up, then S4 will become a potential price target. It's also important to consider that at the moment there is an holder with $139.5 million worth that hasn't sold yet. It's a huge an unrealized profit and thus it's really important to track its wallet!
In my opinion, 10 dollar target in the short term is pretty hard to achieve! Although, $5 to $6 looks more reasonable!
#memecoinprediction #MemeCoinsSeason #dogwifhat #PepeMemecoin #WIF/LONG