DogWifHat has been seeing a lot of bullish momentum recently. Traders are now looking at what’s next for the iconic Solana memecoin. At the same time, analysts see Cutoshi at $0.50, delivering massive gains for holders.
After months of negative performance, DogWifHat seems to be just ahead of a bullish breakout. Since its highs in March, WIF continued declining, losing 54% of its value. However, the trends are changing, and WIF could reach new highs soon.
The token started the last month mostly remaining stable at the $1.5 mark. Since September 19th, however, there has been significant bullish momentum. This amounted to a monthly growth of 38.60%, putting WIF at $2.19. Moreover, it looks like the rally is not over.
Technicals for WIF suggest that the token will go up again and flash strong buy signals. This is especially true for moving averages, which put WIF in the oversold category. Because traders look at these indicators when they invest, WIF will likely see another rally.
For that reason, WIF has the potential to rise above its next resistance at $2.5. Traders expect WIF to rise to $3.7, in the coming months, and even beyond that. Pushing WIF further up is also the coming memecoin rally that is likely in the works.
Meme tokens are rising across the board, driving further market traffic and excitement. If the memecoin market rallies, WIF is in a good position to double very soon. And with it, many other tokens.
The new memecoin that captured analysts’ attention is Cutoshi (CUTO). This memecoin, currently selling at $0.015 during its presale, is already selling out rapidly. Thanks to the growing demand and its strong technicals, analysts predict it to rise to $0.5 very soon.
Cutoshi is a fun and innovative memecoin with strong utility. With the Chinese lucky cat as its mascot, Cutoshi wants to bring luck to your crypto wallet. At the same time, this token has a bold vision for a complete ecosystem that’s packed with utility.
Cutoshi will feature a multichain DEX, multiple ways for farming rewards, and even NFTs. Moreover, 20% of the DEX revenues will go towards burning Cutoshi tokens, making it deflationary. Due to its strong ecosystem, and a fixed supply of 440,000,000 reaching $0.5 is very realistic.
What is more, as the memecoin market is rising again, Cutoshi has the potential to ride this wave. Because Cutoshi combines memecoins and DeFi, it appeals both to memecoin traders and DeFi investors.
While DogWifHat is seeing strong buy signals, Cutoshi is in a better position to grow. Due to its low presale price, Cutoshi could be in a great position to deliver massive gains.
For more information on the Cutoshi (CUTO) Presale:
Website: https://cutoshi.com
Join and become a community member:
Twitter : https://twitter.com/CutoshiToken
Telegram: https://t.me/cutoshi
The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
Crypto use in Iran is rising as the country faces ongoing U.S. sanctions and a…
Canton network price today is trading near $0.189 as fresh institutional infrastructure developments reshape its…
Despite the recent bounce, Bitcoin (BTC) price action continues to show clear signs of pressure…
Arbitrum DAO has confirmed that its official X account has been compromised. The team warned…
Dogecoin price jumped after a fresh comment from Elon Musk renewed interest in the meme…
Remittix Wallet adoption is accelerating as crypto users increasingly look for products that offer real…
