- One dealer elevated his WIF from $310 to $1.4 million after holding it for 3 months.
- BONK worth may increase to $0.000026 as MACD suggests bullish momentum.
- AO indicated that WIF worth might proceed to rise regardless of earlier promote alerts.
Merchants who purchased Dogwifat (WIF) final November made a powerful 4,530x return on their holdings. In response to Lookonchain, a dealer purchased 2.58 million WIF tokens price $310 in Solana (SOL) on November 26, 2023.
As of this writing, WIF worth is $0.54, up over 42% previously 24 hours. Which means that 2.58 million WIF tokens had been now price $1.4 million on the time of writing. Merchants refused to promote regardless that WIF rose.
In the meantime, one other Solana Meme Coin Bonk (BONK) registered a 17.78% achieve, pushing its worth to $0.00001398.
BONK worth evaluation
Primarily based on the 4-hour chart, BONK regarded poised to proceed shifting larger. Trying on the Transferring Common Convergence Divergence (MACD), we see that the indicator studying is optimistic. Moreover, the 12 EMA (blue) has damaged above the 26 EMA (orange), indicating an uptrend.
If this oscillator stays in optimistic territory, BONK worth may rise additional.Contemplating the Fibonacci retracement indicator, the sign instructed that BONK may return to $0.00001326 (0.618 Fibonacci stage)
Nevertheless, the potential decline might not final lengthy as the three.618 Fib stage is positioned at $0.00002415. In a really bearish case, BONK may fall in direction of $0.000012421. Nevertheless, additional shopping for stress may push the worth above $0.000026.
WIF worth evaluation
On 4-hourly, WIF reversed resistance at $0.37. Beforehand, the Supertrend indicator marked this area as a promote zone. Nevertheless, the elevated shopping for stress defied expectations as WIF rose to $0.55.
On the time of writing, the bulls had been holding the assist at $0.31. As soon as that is carried out, the worth of WIF is unlikely to fall in direction of $0.30. If merchants begin taking income, the worth may fall in direction of $0.45. Nevertheless, indicators from the supertrend revealed that there’s a purchase sign close to $0.42.
Subsequently, if WIF falls to that time, shopping for stress may push WIF larger. In the meantime, the inexperienced bars on Superior Oscillator (AO) had been rising.
This displays strong bullish momentum for the token. If the AO numbers proceed to rise, WIF worth may rise in direction of $0.70.
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