Dogwifhat (WIF) Price Increases 5.9% in 24 Hours, Targets $2.84
Donald Trump's election as president-elect has significantly impacted the crypto market. The meme coin market has benefited from this bullish sentiment, with Dogwifhat (WIF) experiencing rapid price increases.
Despite the bullish momentum attracting traders, some investors remain cautious, anticipating a potential pullback. A notable crypto analyst believes it is an opportune time to invest and has made a bold price projection for Dogwifhat.
Solana-based Meme Coin Dogwifhat To Rally 20% — Here’s How
On November 9, crypto analyst Ali Martinez analyzed the WIF price, suggesting that the token may continue its upward trajectory. His analysis highlights a bull flag pattern on the 4-hour chart, characterized by a steep upward movement followed by a consolidation phase.
The bull flag is recognized as a continuation pattern; however, confirmation of the trend requires a breakout above the flag.
The chart indicates that Dogwifhat appears to be breaking out of the flag, signaling a possible continuation of the upward trend. If successful, the breakout could match the size of the initial flagpole. Based on this, Martinez set a price target of $2.84 for Dogwifhat, implying a 20% increase from the current price.
WIF Price At A Glance
Currently, the price of Dogwifhat is approximately $2.40, marking a 5.9% rise in the last 24 hours. This daily performance has enhanced the meme coin’s weekly performance, which stands at a 14.6% increase over the past week.
