Crypto analyst says that Altcoin-based solana is approaching ‘attractive levels’, but there is a catch

A broadly adopted analyst leans Bullish on a memecoin constructed within the Solana (SOL) ecosystem however with reserves.

The analyst Pseudonym often called credible crypto tells Are 462,900 followers on the social media platform X that the Dogwifhat (WIF) memecoin “shortly approaches enticing ranges” for a place that may probably be held till the tip of the present cycle.

“The area between $ 0.20 – $ 0.50 is a spot the place I’d really contemplate a blind bid/shopping for place for an extended -term maintain if I believed that WIF will make a comeback in the future.

At these ranges, the chance/reward is for my part justified for spot buy, as a result of the good thing about earlier highlights could be at the least a 10x and the drawback is comparatively restricted from this area (until it merely dies). “

Nonetheless, the pseudonym analyst says that he has reservations about Wif due to the prevailing damaging sentiment round Solana within the midst of controversies with excessive -profile memecoins in his ecosystem.

“For now, due to the present setting round Sol and Memecoins, I’ll personally look and await extra value motion to develop. Ideally, a clear accumulation oak/backside that may take a while. “

Wif acts at $ 0.64 on the time of writing, whereas Solana acts at $ 170.

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