🔥🔥🔥 #dogwifhat To Tumble? Analyst Sets $1 Target For $WIF
Dogwifhat (WIF), once a #memecoin🚀🚀🚀 sensation, is now mirroring Bitcoin's downturn with a price dip exceeding 10%. Speculation from analysts like Bluntz suggests WIF may target $1 next after experiencing a 95,000% surge to $4.58 by March's end, followed by oscillations between $2.3 and $3.7. Bluntz views this descent as a "generational buy opportunity," anticipating a new ATH after hitting $1.
However, not all analysts agree. Otsukimi sees WIF's chart displaying solid performance, hinting at a potential bounce back from current levels with a wide bullish consolidation.
Elon Musk's recent mention of Dogwifhat during a live stream sparked speculation about his interest in the token, but the "Musk Effect" had little impact on WIF's price, which remained between $2.65 and $2.8. Musk's mention did lead to the creation of dogwifihat (WIFIHAT), which surged by 6,200% briefly before retracing over 95% in the past 24 hours.
WIF itself experienced a 14.6% decline in the last day, trading at $2.44. This represents a 26.3% and 18% decrease in the weekly and monthly timeframes, respectively, despite a 76.1% increase in market activity with a daily trading volume of $705.6 million.
Source - newsbtc.com
