With all of Donald Trump’s User Presidential Election victory market optimism, Dogwifhat (WIF) has rallied 15% in the past week. This upgrade also has blown across the meme coin sector, with WIF one of the notable ones in the crypto market’s current uptrend.
The momentum was encouraging though some are still afraid of a pullback. Crypto analyst Ali Martinez, however, has taken a bullish stand, predicting further rise for WIF. Martinez then shared his analysis on the X platform on November 9 and said price action in recent days suggests an uptrend will continue.
Dogwifhat Signals Bullish Continuation
A ‘bull flag’ projection lines up with an extremely bullish technical formation on the 4 hour chart. This pattern (a flag pole or steep price rise (the flag), followed by a consolidation or slight decline (the flag), is often a continuation of the upward trend. While WIF’s current chart break out above the flag pattern suggests a further rally may have still lie ahead.
WIF is theoretically priced at $2.84 by Martinez, a 20% hike from current levels. This target is consistent with the extension of initial flagpole’s length expected. At the time of writing, WIF is valued at $2.40, up 5.9% in the past 24 hours and marking a 14.6% increase on the week.
Martinez’s bullish forecast on the breakout, should it hold could mean that Dogwifhat becomes a standout performer in the meme coin space.
