Solana meme coins are on the move again, with Dogwifhat leading the rally.
The WIF price is up by over 36% in the past week after a 7% green candle on Wednesday.
The meme coin has now reclaimed $2 and the latest Dogwifhat price predictions have it reaching new all-time highs at a surprisingly rapid pace.
Experts believe that WIF’s resurgence will also mark the start of a broader meme coin bull run, which could see low-cap gems like Pepe Unchained, MOTHER and MAGA skyrocket as well.
Dogwifhat Price Prediction - How High Can WIF Go In October?
Prominent crypto trader RookieXBT projects that Dogwifhat will erase months of downtrend in a span of 2-3 weeks, a sentiment shared by many smart money investors.
Considering WIF’s price action over the past week, it appears that the meme coin is on the cusp of a bullish reversal.
For instance, the top Bybit trader Bluntz - whose Dogwifhat price predictions have been remarkably accurate - signals that WIF has breached its multi-month downtrend.
Using the Elliot Wave Theory, he projects that the bottom is in for WIF and the meme coin could see a steep bullish trajectory to the $6 - $7 price range.
Previously, Bluntz had projected that Dogwifhat would peak in the $10 to $12 price range this bull cycle.
He is also not the only smart money investor projecting a bullish reversal for WIF. Crypto Tony also signals that the meme coin’s high-volume reclaim of the $2 price mark has a high likelihood of bullish continuation.
While a new all-time high in October would be a tall order for the bulls, experts are confident that a $3 reclaim isn’t out of the question. However, the WIF price would have to flip its 30-week Simple Moving Average to achieve this, which is currently hovering at $2.40.
Smart money investors have highlighted that Dogwifhat has been an excellent indicator of the broader market sentiment. As a result, WIF’s bullish resurgence could be a signal that a broader meme coin bull run is on the horizon, which could see low-cap tokens deliver outsized returns.
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