The meme coin market is heating up, with Dogwifhat (WIF/USD) making headlines after a 12% surge on Monday. Traders are buzzing with predictions of a potential bull run, and the recent listing on SolCex Exchange has added fuel to the fire.
Bullish Predictions Fuel Dogwifhat Rally
CrediBULL Crypto, a prominent trader in the crypto space, took profits on his long positions in altcoins after Dogwifhat hit his upside target. However, he’s not completely out of the game. He’s waiting to short the coin once its Bitcoin pairing rises 15% to reach his resistance zone.
Meanwhile, Bluntz Capital, another crypto trader, spotted a significant inverse head and shoulders breakout in Dogwifhat’s chart, advising traders to “own all the dogs that are already on exchanges.” The bullish sentiment isn’t limited to these two traders. One trader even predicts a $25 price target for Dogwifhat, which is a significant upside from its current price.
SolCex Listing Fuels Further Optimism
The recent listing of Dogwifhat on SolCex Exchange, effective November 12th, adds to the overall positive sentiment. The exchange even proclaimed, “the hat stays on.” This suggests that SolCex believes in the potential of Dogwifhat and expects it to continue its upward trajectory.
What’s Next for Dogwifhat?
The influence of meme coins will be a hot topic at Benzinga’s upcoming Future of Digital Assets event on November 19th. It will be interesting to see what insights are shared and if this event further fuels the current momentum around Dogwifhat.
With a mix of bullish predictions and a recent exchange listing, Dogwifhat is attracting considerable attention in the crypto market. While meme coin trends can be volatile, this recent surge suggests the meme coin may have legs. It will be fascinating to see how the market responds to this potential bull run.
