WIF Coin Falls Below the Price Warned by Analysts: Is Disaster Coming?

While the price of the popular meme coin Dogwifhat (WIF) retreated nearly 20% in the last 24 hours, the analyst issued a warning about the price.

Cryptocurrency trader Jack Skipp, known as Cryptojack, said in his post on Twitter that the WIF price should remain above $3.5. Stating that otherwise this could be a disaster for prices, the trader warned investors.

WIF is trading below the analyst warned price.

On the other hand, another trader commented on the 4-hour chart of the WIF price and stated that he expected an upward movement. Along with WIF, there was also a decline in meme coins in general. While Bitcoin followed a horizontal course during this period, some altcoins experienced significant increases.

According to CoinGecko data, WIF, which reached its all-time high of $4.83 2 months ago, has been in a period of decline for a while. At the time of writing, WIF is trading 30% below the ATH level at $3.4.