Economist Predicts 2,500% Price Surge for Dogwifhat (WIF)
Economist Henrik Zeberg has published a technical analysis of Dogwifhat (WIF) on X, predicting a potential price increase of 2,500%, targeting $78. This forecast is based on a larger ABC pattern and smaller subwaves.
Projected Path to $78 for Dogwifhat (WIF)
Zeberg's weekly WIF/USDT chart reveals a large ABC corrective pattern indicating a retracement within a broader bullish trend. He anticipates that this pattern may culminate at point C around $78, suggesting that new highs could follow the completion of the correction phase, which he describes as the economy catching up with the bull market.
Within the ABC structure, Zeberg identifies five smaller waves aligned with Elliott Wave theory. These waves represent initial stages of the price rally: the first wave peaked at $3.04, followed by a correction to $2.00 in the second wave. With this correction complete, Zeberg forecasts a rise to $6.59, followed by a dip to $4.59 in wave 4 before aiming for $15.24.
The chart marks critical Fibonacci retracement and extension levels, which help identify support and resistance zones. The 2.618 Fibonacci extension at approximately $6.59 aligns with Zeberg’s immediate short-term target. Higher extension levels at 3.618 and 4.618 ($11.96 and $21.69, respectively) indicate further upward momentum, potentially leading to the anticipated $78 target if market trends continue positively.
In the near term, Zeberg predicts a move towards $6.3 by week’s end, followed by a pullback. He expects WIF to reach $13-$15 by late November or early December, serving as milestones toward the projected price of $78, marked by the completion of the ABC pattern.
At press time, Dogwifhat was trading at $3.079.
