Dogwifhat (WIF) Meme Coin Going as Predicted; Could Spike Another 25%: BONK Trading at Make-or-Break Support
- PHPzOriginal
- 2024-07-12 11:41:39359browse
In the analysis we did on Wednesday, we predicted that dogwifhat (WIF) was approaching strong support and the price could start to recover from the $1.54 level.
Dogwifhat (WIF) Meme Coin Price Analysis: A Potential 25% Spike Inbound
In our previous analysis on Wednesday, we highlighted the strong support approaching for dogwifhat (WIF), suggesting a possible price recovery from the $1.54 level. As predicted, the meme coin bounced off the support and surged by over 25%.
Now, let’s explore the upcoming possibilities for WIF.
The price may continue to rally, potentially surging by another 20-25%. However, there’s a strong resistance around $2.3, which was previously a support level that was breached on June 17. This price point could now serve as a significant resistance.
If the price fails to break above the resistance, it could return to the $1.54 level. But if it manages to cross it, WIF could enter the next consolidation zone between $2.4 and $3.4.
With positive market sentiment and a rally in the broader market, the price could swiftly recover and continue a strong surge.
BONK Price At Make Or Break Support
BONK is presenting a unique scenario with an inverse head and shoulder pattern and simultaneously a proper head and shoulder pattern.
Currently, the price is bullish, having bounced off the shoulder of the proper head and shoulder pattern. But it can still go either way. If the ongoing recovery continues, it could rally to the head, which is around $0.000039—also within a large consolidation zone that began in March. This move would indicate a surge of over 70%.
On the other hand, if it returns to break the support, we could see a price dip of around 40% to $0.0000124. Therefore, the support at $0.000020 is crucial for the medium-term price direction.
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