Dogwifhat (WIF) Price Prediction: Is The Bottom In For Meme Coins?

The cryptocurrency market continues to face significant selling pressure, with Bitcoin breaking down below $61,000 to start the week.

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The cryptocurrency market is still facing a lot of selling pressure. Bitcoin started the week by dropping below $61,000.

After defunct crypto exchange Mt. Gox announced that it will start repaying BTC in July, the Bitcoin price fell by over 5% on Monday. Meme coins are faring even worse than BTC, with Dogwifhat, Pepe and Floki amongst the worst losers for the day.

However, experts are signalling that the bottom could be close for Bitcoin and meme tokens such as WIF, which appear poised to print a strong bullish reversal in the coming weeks.

Investors are also eyeing new meme token launches over the coming week. Sealana – a high-potential Solana meme coin – is ending its successful presale phase on June 25th and is expected to see strong growth after launch.

Is The Bottom In For Dogwifhat, Meme Coins

Large-cap meme coins have seen one of the worst capitulations of any asset class in the past month.

For example, Dogwifhat has corrected by over 40% in the past 30 days and is currently trading at just over $1.50. The Solana meme coin’s valuation currently stands at $1.6 billion, down by nearly $3 billion from its peak in April.

Bluntz (@Bluntz_Capital), one of the top traders on ByBit and popular crypto analyst, is collecting his flowers for being the first to predict this downside move.

i think the macro 5 up from inception on $WIF might be done here, all waves accounted for and a long drawn out abc probs underway before the next parabolic leg.

looking to probs rebuy my bags down around $1-$2 in between the 618 and 0.78 pic.twitter.com/rnszGOXbSF

Bluntz predicted that the Dogwifhat price would likely fall below $2, using Elliot Wave Theory to come to his conclusions in an X post on April 4th, when WIF was still trading at $3.65.

Fortunately for the bulls, Bluntz is now signalling that the bottom could be close for WIF.

$WIF macro video update i shared with members earlier https://t.co/p5HhwIZz0t pic.twitter.com/dJsryYvfeh

According to the Elliot Wave Theory, most stocks and tokens trade in repetitive patterns, known as fractals or waves. Notably, WIF has followed this theory to a tee.

The meme coin skyrocketed to its all-time high of $4.70 as part of the impulse wave, which typically consists of 5 smaller waves. After that, the token price has followed the corrective wave, which comprises three smaller waves.

Good Time To Buy WIF?

Dogwifhat is currently in its third corrective wave, which strongly suggests a major bullish recovery in the coming days. Bluntz has identified the 0.786 fib level as an excellent support for WIF, which could end up being the bottom.

However, this would mean that some pain still remains for the bulls, considering that the 0.786 Fib level for WIF currently stands at just above $1. Nevertheless, Bluntz believes that the market conditions are now optimal for investors to start accumulating the top Solana meme coin.

He is also not the only expert signalling a bottom for the meme coin. Today, investor APE (@Ape_31) revealed that he has longed $2.3 million worth of WIF.

Analyst Crypto Wasta (@cryptowasta) has also backed the significance of the 0.786 Fibonacci level.

Gib me dis on $WIF and i ape life savings.

0.786 ting pic.twitter.com/KHlUhg7vNV

WIF’s bullish reversal could also mark the bottom for other large-cap meme coins such as Pepe and Bonk. Additionally, new meme coins like Sealana are in high demand and could receive a strong boost from WIF’s recovery.

Sealana Presale Ends June 25th – Last Chance To Buy

Sealana (SEAL) has been one of the top trending meme coins in recent weeks, largely due to the FOMO surrounding its presale.

Despite the broader market conditions, the meme coin has already raised over $5 million. However, its presale is set to end tomorrow, June 25th at 6 PM UTC.

This gives investors mere hours to purchase the token at its cheap discounted ICO rate before its highly-anticipated launch, which is rumoured to take place on June 27th.

Interested buyers can use the over-the-counter widget, available on the sealana.io website, or send SOL tokens to the Sealana wallet and receive SEAL as an airdrop. The wallet address is