Economist Henrik Zeberg has made a bold prediction that’s catching the attention of crypto traders and investors alike. He believes Dogwifhat (WIF), a Solana-based memecoin, could see a jaw-dropping price surge of up to 840%, potentially soaring from its current value of $2.02 to a stunning $19.
But what’s driving this exciting forecast? Zeberg points to a combination of technical signals that suggest a major rally is on the horizon, similar to the one Bitcoin experienced before its explosive rise in November.
As Bitcoin climbs, meme coins often follow, and WIF is one that traders are watching closely. Could this be the next big thing in crypto?
Zeberg highlights several key technical factors suggesting that WIF could soon see a significant price jump. A major indicator is the positive divergence in the Relative Strength Index (RSI), which shows growing buying momentum despite price fluctuations. Additionally, the Moving Average Convergence Divergence (MACD) is about to cross in a bullish direction, reinforcing the idea of an upcoming upward movement.
The Relative Vigor Index (RVGI) is also on the rise, signaling increasing buying interest. These indicators, along with WIF’s price moving into a descending wedge pattern, lead Zeberg to believe that WIF is nearing the final phase of a larger wave structure—specifically, wave 3—which could send its price soaring.
More Gains Ahead?
Zeberg’s optimism is further supported by the appearance of a Golden Cross, where the short-term 13-day moving average crosses above the longer 49-day moving average. This pattern is often a sign that prices are likely to rise. However, for this trend to be confirmed, WIF needs to break through the key resistance level at $2.467.
The open interest for WIF is currently at $445.64 million, reflecting a 4.29% increase. This steady rise since November indicates that more people are becoming involved and are expecting greater price volatility soon. WIF has already surged by 13% in the last 24 hours, a strong sign of growing investor confidence.
Zeberg believes this recent surge signals that a major rally is coming, with WIF potentially reaching $19, an 840% increase from its current price. This makes WIF an attractive investment for traders seeking substantial profits.
Zeberg also shares his broader outlook on the cryptocurrency market. He sees altcoins showing strong bullish signals, with the first phase of Bitcoin dominance (wave 1) already underway. However, he expects the real altcoin rally to begin in wave 3, which he believes is starting now.
Despite the challenges posed by macroeconomic factors, Zeberg is confident that altcoins like WIF are on track for significant growth. He advises traders to stay on the right side of the trade to maximize potential gains.
If Zeberg’s prediction comes true, WIF could be the breakout coin of 2025, delivering gains that leave investors scrambling to get in.
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