Analyst Predicts Memecoin Could See Major Price Increase
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Analyst "Bluntz" predicts memecoin dogwifhat (WIF) will break out and "go turbo parabolic" from its current price around $0.37.
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WIF has gained over 7,500% since December 13, rising from $0.00478 to $0.366 currently.
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Bluntz suggests WIF has formed a descending price channel it could break out from after testing support around $0.289.
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The $0.289 support level coincides with the 68.2% Fibonacci retracement, indicating a potential price reversal point.
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Bluntz believes WIF will breakthrough its all-time high resistance around $0.47 on this next major upside move.