Dogecoin Competitor That’s Skyrocketed Over 150,000% in Ten Months on Cusp of New Uptrend, According to Analyst

A extensively adopted crypto analyst says a dog-themed memecoin that has posted six-figure features in simply 10 months is on the verge of one other breakout.

In a brand new technique session, crypto dealer Rekt Capital tells its 501,600 followers on social media platform X Dogecoin (DOGE) rival dogwifhat (WIF) seem poised to skyrocket once more.

“WIF – Dogwifhat has damaged its macro downtrend. WIF is on the cusp of the beginning of a brand new macro upward development.”

WIF is buying and selling at $2.35 on the time of writing, a staggering 151.512% acquire for the reason that low of $0.00155 in December 2023 and a 5% acquire during the last day.

Trying additional at fellow meme asset Pepe (PEPE), Rekt Capital says this firm can also be breaking by way of months of stagnation.

“PEPE has additionally damaged its multi-month downward development.”

PEPE is buying and selling at $0.000011 on the time of writing, a acquire of 18% during the last 24 hours.

He concludes his evaluation with an important crypto asset by market capitalization: the dealer say that Bitcoin (BTC) is lastly prepared to interrupt out of its channel prime, which it has didn’t do in current months.

“Bitcoin is transferring nearer to the channel prime (~$67,000). In current months, BTC would reject (crimson) on this space. Subsequently, it’s important that BTC closes above the channel prime on a weekly foundation. Historical past means that BTC ought to be capable of do that [to] good luck on this subsequent try.”

Bitcoin is buying and selling at $66,248 on the time of writing, up 2.5% over the previous 24 hours.

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