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Crypto Trader Says Solana-Based Altcoin Primed To Plunge Further, Outlines Path Forward for Pepe and Dogecoin

n70products by n70products
July 13, 2024
in Altcoin
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Crypto Trader Says Solana-Based Altcoin Primed To Plunge Further, Outlines Path Forward for Pepe and Dogecoin
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One main crypto strategist thinks {that a} dog-themed Solana (SOL)-based memecoin is headed to a lot decrease costs.

In a brand new video, pseudonymous analyst Credible Crypto tells his 55,500 YouTube subscribers that dogwifhat (WIF) doubtless has not but fashioned a market backside.

“I do assume that we might see some kind of a lifeless cat bounce right here, however I don’t fairly assume that the draw back is but completed.”

credible1
Supply: Credible Crypto/YouTube

his chart, the dealer means that WIF might appropriate to as little as $0.80 with worth bounces alongside the way in which.

WIF is buying and selling for $1.60 at time of writing, up practically 3% within the final 24 hours.

Subsequent up, the analyst says memecoin Pepe (PEPE) could expertise a couple of 90% correction from its all-time excessive of $0.0000171.

“Clearly we’ve a major space of assist right here within the inexperienced zone [between $0.0000059 and $0.0000040] so we may even see some kind of a bounce from there. However finally the place I believe that is headed is decrease.”

credible2
Supply: Credible Crypto/YouTube

Based mostly on the dealer’s chart, he seems to foretell that PEPE might plummet to as little as $0.00000185.

Pepe is buying and selling for $0.00000876 at time of writing.

Lastly, the analyst says that dog-themed memecoin Dogecoin (DOGE) could retest greater resistance ranges if Bitcoin begins to rally.

“Cash like DOGE may even see some aid to the upside. You’ve hit our first draw back goal space of demand – logical place to see a bounce.

We most likely see a bounce together with Bitcoin. After which we most likely discover some resistance after which proceed to bleed as Bitcoin continues to pump. And that’s the place we get this kind of extended bleed to the draw back…

Dogecoin: logical place to have an interest at $0.10. However there’s an opportunity that we will go decrease if this area is misplaced. We could definitely see a bounce right here.”

credible3
Supply: Credible Crypto/YouTube

his chart, the analyst means that one potential state of affairs is for DOGE to dip to round $0.084, retest resistance at round $0.15 and collapse to as little as $0.06.

DOGE is buying and selling for $0.108 at time of writing, up barely within the final 24 hours.

 

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Disclaimer: Opinions expressed at The Each day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any losses you might incur are your accountability. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please observe that The Each day Hodl participates in affiliate marketing online.

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Tags: AltcoinCryptoDogecoinOutlinesPathPEPEPlungePrimedSolanaBasedTrader
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