The Rise of Meme Coin, which Skyrocketed by 104% in One Week, Will Continue: Analyst!

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With the rise in Bitcoin price, there are exciting developments in the cryptocurrency markets. Investors reinforce their hopes for the future with the predictions of popular analysts. One of the analysts whose name we have heard frequently lately believes that a meme coin within the Solana (SOL) ecosystem is preparing for a big exit.

This analyst, who goes by the nickname The Flow Horse, thinks dogwifhat (WIF) could break through a key resistance level at $0.42 and turn into support. states. He claims that this situation could trigger the cryptocurrency to enter a major uptrend. In the analyst’s assessment, WIF currently reflects this potential quite clearly.

According to the analyst, distinct setups can often be seen in the market but it is rare to find such clear-cut ones. However, the current situation of WIF stands out as a harbinger of a major upward trend. The analyst emphasizes that this basis indicates an important movement in the cryptocurrency world.

WIF is up 104% over the past week and is trading at $0.67 at press time.

The analyst doesn’t just follow meme coin WIF. Another altcoin on the analyst’s radar is Optimism (OP). The Flow Horse quoted another social media user’s OP-ARB ratio (OP/ARB) chart and implied that OP will continue to outperform ARB.

The analyst also expects decline for ARB due to the project’s planned token unlocks. Unlocking transactions are often perceived as bearish because they create new tradable supply.

Although cryptocurrency markets have a constantly changing and fluctuating structure, analysts’ predictions can guide investors. However, before investing, it is important to do personal research and consider the risks. It should not be forgotten that cryptocurrency markets, especially the meme coin market, are always full of uncertainties and may experience sudden price changes.

You can follow the current price movement here.


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