The popular Solana meme coin, Dogwifhat (WIF), is showing significant bullish strength in the post-CPI pump, reclaiming the $1 price mark on Wednesday.
Smart money investors have always viewed WIF as a beta play on Solana. With the $SOL price breaking out above the key $185 resistance and now looking to reclaim the $200 level, the stage is set for an explosive WIF rally.
Seasoned traders are giving bullish Dogwifhat price predictions, with some even expecting a new all-time high in this uptrend.
However, WIF does still need to breach key resistance levels, and sidelined investors need to be careful not to buy a local top.
Experts also believe that other popular meme coins like Pepe, Fartcoin and Pudgy Penguins may offer better risk-reward setups for new buyers. WIF is even facing stiff competition from low-cap meme tokens like TOKEN6900.
Dogwifhat Price Prediction – Is Now The Right Time To Buy WIF?
The Dogwifhat price has rebounded by nearly 30% since its August 2nd bottom, trading as high as $1.04 on Wednesday.
$1 is a key psychological level for any meme coin, and a daily close above it would definitely be a bullish sign for WIF.
Smart money investors also appear to be bullish on Dogwifhat. In fact, it is the most bought meme coin by smart money wallets on August 12th, data from Stalkchain reveals.
However, interested buyers need to be aware that WIF still needs to breach key resistance levels. For starters, it needs a daily close above the $1.03 and the $1.10 resistance levels.
Moreover, it is forming a bullish cup-and-handle pattern, with its neckline resistance at $1.20.
In fact, there is a bigger cup-and-handle pattern forming, with the neckline resistance near the $1.40 mark. Prominent trader Crypto Tony claims that he would open long positions in WIF only when the Solana meme coin secures a weekly close above the $1.40 mark.
Spot buyers can still accumulate at current levels, with a high probability that Dogwifhat will set a new all-time high, which would mean nearly 5x upside from here. Leveraged traders, however, should remain cautious of the key resistance levels outlined above.
Alternatively, they may choose to wait for a golden cross on WIF’s MACD (12, 26), which is on the verge of forming. A confirmed daily close would validate the signal.
Best Low-Cap Meme Coins To Buy Now
Despite its bullish strength, Dogwifhat is in uncertain territory. On the contrary, experts believe that Solana meme coins Fartcoin and Pudgy Penguins and Ethereum meme coin Pepe currently offer a better risk-reward setup.
Low-cap meme coins are in high demand as well. With the bull market euphoria returning, smart money investors are once again hunting for 100x returns with coins like TOKEN6900 (T6900).
As the name suggests, it is Ethereum’s version of the popular Solana meme coin, SPX6900. The token shares SPX’s reverence for the number 69, anti-Wall Street spirit, and adherence to brain-rot culture.
Much like Fartcoin, SPX6900 and Useless Coin, T6900 is a proud utility-less meme coin. It doesn’t care about economic data, oil prices or corporate earnings, nor is it jumping on the AI bandwagon. It is a good ol’ fashioned meme coin, which wants to give small-scale traders an opportunity to make big money.
TOKEN6900 is still in its presale stage. However, nearly $2 million of the $5 million hard cap is already sold out, which is resulting in significant FOMO.
Unsurprisingly, whales are among the early buyers. A deep-pocketed investor purchased over $100k worth of T6900 coins on Tuesday. Several of the prominent investors are even calling TOKEN6900 the next 100x crypto.
Visit TOKEN6900 Presale
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