At these moments, the WIF meme token received a listing on Binance. In the “Seed” category, which when listing “new, innovative projects that may exhibit higher volatility and risks compared to other listed tokens.”
We analyzed the chart #WIF on March 1st. The probability of a correction then did not work out and the price went even higher, from 540% to +1089%. In less than a month from February 7th.
This growth saw a large number of liquidations in the $50,000-$100,000 range as reported by liquidation services. And there were cases of deposits growing at fabulous interest rates. For example, a trader who bought WIF for $310 in November 2023 began taking profits after the rate grew by 400% in a week. And even as of yesterday, his total profit was already x13,307 - $4.12 million. All this is closing about the greedy crowd and the feet of short sellers.
We believe that the maximum that will be set today will become a reversal maximum and a long correction will begin. How it happened after the listing of the#PEPEtoken on #Binance. Such hype stories most often unfold precisely at the culmination of purchasing events.
By the way, for most other meme coins the situation is the same - buyers exhaust their potential and the unloading into the crowd ends. That's why we sold#SHIBovernight. But let’s hold#DOGEfrom the entry point of $0.08553 for now.
Amid today's listing on #Bloomberg , there is talk that "The Memcoin Era is Back." Mentioning just #WIF and #PEPE. Another argument for starting a correction for meme coins.
