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Cryptocurrency News Articles
WIF (Dogwifhat) Is About to Start a Macro Bull Trend, According to Rekt Capital
Sep 28, 2024 at 11:09 pm
As you have been following on Kriptokoin.com, the leading cryptocurrency Bitcoin managed to exceed $66,000. Although it lost altitude with the subsequent
Cryptocurrency analysis firm Rekt Capital says that one dog-themed meme coin, in particular, is gearing up for the next leg up after posting six-figure gains in just ten months. The crypto analyst also has hopes for bitcoin and another meme coin.
As reported by Kriptokoin.com, leading cryptocurrency Bitcoin managed to rise above $66,000. Despite the fact that it lost altitude with the subsequent sales, this move created a positive atmosphere in the market. In addition, meme coins have been attracting attention with their strong performance in recent days.
Dogecoin (DOGE) rival dogwifhat (WIF) is ready to rally again, according to popular analyst Rekt Capital.
“WIF – Dogwifhat broke the macro downtrend. WIF is about to start a new macro bull trend.”
Since its low of $0.00155 on December 2023, WIF has gained a massive 151,512%. At the time of writing, WIF is also trading at $2.31, a gain of 35% in the last week. However, the cryptocurrency is down 2% on its daily chart.
The other meme coin on Rekt Capital’s radar is Pepe (PEPE). According to the analyst, PEPE is also emerging from months of sideways trading.
“PEPE also broke its downtrend of several months.”
Meanwhile, PEPE is trading at $0.00001096 at the time of writing. In the last 24 hours, the token has increased by 3.67%. Additionally, PEPE is up over 34% on its weekly chart.
Rekt Capital concludes its analysis with the leading cryptocurrency Bitcoin. According to the analyst, Bitcoin is finally preparing to break out of the channel top, which it has failed to do for the past several months.
“BTC is approaching the channel top (~$67,000). In the past months, BTC was rejected in this zone (red). Hence, it’s crucial for BTC to close above the channel top on a weekly basis. History suggests that BTC should be successful in this next attempt.”
Meanwhile, Bitcoin is trading at $65,538 at the time of writing, down 0.34% in the past 24 hours. However, the cryptocurrency is up 3.9% on the weekly chart.
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