{"id":610869,"date":"2024-05-31T20:00:25","date_gmt":"2024-05-31T20:00:25","guid":{"rendered":"https:\/\/wncen.com\/?p=610869"},"modified":"2024-06-11T07:51:21","modified_gmt":"2024-06-11T07:51:21","slug":"solana-dogwifhat-critical-level","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana-dogwifhat-critical-level\/","title":{"rendered":"Solana-Based Dogwifhat Reaches Critical Level That Could Lead To Catastrophic Crash"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Crypto analyst Crypto Jack has suggested that Solana-based meme coin <\/span><a href=\"https:\/\/bitcoinist.com\/dogwifhat-wif-meme-coin-las-vegas-sphere\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Dogwifhat (WIF)<\/span><\/a><span style=\"font-weight: 400\"> could soon witness a catastrophic crash. He noted what needs to happen for the meme coin to avoid this significant price decline.\u00a0<\/span><\/p>\n<h2>How Dogwifhat\u2019s Price Could Crash Significantly<span style=\"font-weight: 400\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Crypto Jack mentioned in an X (formerly Twitter) <\/span><a href=\"https:\/\/x.com\/cryptojack\/status\/61708230\" rel=\"nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> that Dogwifhat\u2019s price needs to stay above $3.5 as failure to hold above that level could be \u201ccatastrophic\u201d for the meme coin. He also advised <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-short-sellers-bet-against-crypto-stock\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">crypto traders<\/span><\/a><span style=\"font-weight: 400\"> to exercise caution while trading the meme coin so they do not get caught unaware and shaken out from their positions.\u00a0<\/span><\/p>\n<figure id=\"attachment_610874\" aria-describedby=\"caption-attachment-610874\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-610874\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Dogwifhat-1.png?w=460&#038;resize=460%2C259\" alt=\"Dogwifhat 1\" width=\"460\" height=\"259\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Dogwifhat-1.png?w=512 512w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Dogwifhat-1.png?w=460 460w\" sizes=\"(max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-610874\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Interestingly, <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/dogwifhat\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap shows that Dogwifhat has experienced a price drop below $3.5 from its weekly high of $4. Crypto Jack\u2019s analysis suggests that the meme coin&#8217;s catastrophic crash may have already begun, as it could well hit new lows on its way down.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">It is worth mentioning that Dogwifhat is still up over 24% in the last seven days, which suggests that this recent price decline might just be a <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-150000-40-correction\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">brief correction<\/span><\/a><span style=\"font-weight: 400\"> as part of an upward trend that the meme coin is currently enjoying. However, thanks to this recent price decline, over $1.2 million in long positions have been liquidated in the last 24 hours, according to <\/span><a href=\"https:\/\/www.coinglass.com\/currencies\/WIF\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from Coinglass.\u00a0<\/span><\/p>\n<h2>Not Yet Time To Be Bearish On Dogwifhat<\/h2>\n<p><a href=\"https:\/\/bitcoinist.com\/rediction-dogecoin-price-crash\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Crypto analyst CrediBULL Crypto<\/span><\/a><span style=\"font-weight: 400\"> had <\/span><a href=\"https:\/\/wncen.com\/news\/chainlink\/50-60-crash-in-chainlink-price\/\"><span style=\"font-weight: 400\">previously revealed<\/span><\/a><span style=\"font-weight: 400\"> his bearish expectations for Dogwifhat, claiming that the crypto token could drop to as low as $1.6. He added that he would look to short the meme coin at $3.90, as he expected it to enjoy one last push to the upside before it declined significantly.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, despite Dogwifhat already attaining this height as predicted, <\/span><a href=\"https:\/\/bitcoinist.com\/can-dogecoin-reach-0-2\/#:~:text=Crypto%20Analyst%20Reveals%20Bearish%20Expectations,-by%20Scott%20Matherson&amp;text=Crypto%20analyst%20CrediBULL%20Crypto%20has,low%20as%20%240.5%20soon%20enough.\" rel=\"nofollow\"><span style=\"font-weight: 400\">CrediBULL Crypto<\/span><\/a><span style=\"font-weight: 400\"> suggested in a recent X post that it wasn\u2019t yet the right time to be bearish on Dogwifhat. He claimed that the \u201cHat stays on a bit longer\u201d because he believes <\/span><a href=\"https:\/\/wncen.com\/news\/solana\/solana-headed-to-100\/\"><span style=\"font-weight: 400\">Solana<\/span><\/a><span style=\"font-weight: 400\"> is approaching a bounce zone, which could cause it to climb to new local highs. If that is the case, he expects WIF to continue its upward trend, making it shorting it now a wrong move.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Crypto analyst and trader Ponzi Trader also suggested that Dogwifhat still has enough bullish momentum to make another run following its recent price decline. He <\/span><a href=\"https:\/\/x.com\/buyerofponzi\/status\/50717979\" rel=\"nofollow\"><span style=\"font-weight: 400\">revealed<\/span><\/a><span style=\"font-weight: 400\"> that he is betting on WIF, bouncing from its current price range.\u00a0<\/span><\/p>\n<figure id=\"attachment_610875\" aria-describedby=\"caption-attachment-610875\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-610875\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Dogwifhat-2.png?w=460&#038;resize=460%2C385\" alt=\"Dogwifhat 2\" width=\"460\" height=\"385\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Dogwifhat-2.png?w=512 512w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Dogwifhat-2.png?w=460 460w\" sizes=\"(max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-610875\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Regarding how high Dogwifhat could rally on its next leg up, crypto analyst Alex Clay <\/span><a href=\"https:\/\/wncen.com\/news\/dogwifhat-unstoppable-bullish-sentiment-to-propel-wif-towards-6-7-analyst\/\"><span style=\"font-weight: 400\">predicts<\/span><\/a><span style=\"font-weight: 400\"> the bullish sentiment towards the meme coin could send its price to $6.7. Crypto analyst and trader Unipcs (Bonk Guy) is bullish on Dogwifhat and <\/span><a href=\"https:\/\/wncen.com\/meme-coins\/shiba-inu-competitor-dogwifhat-10\/\"><span style=\"font-weight: 400\">predicts<\/span><\/a><span style=\"font-weight: 400\"> that the meme coin will reach $10 while claiming it will never drop to $1 again.\u00a0<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/5fRCs0es\/\" alt=\"Dogwifhat price chart from Tradingview.com\" width=\"3286\" height=\"1576\"><figcaption class=\"wp-caption-text\">WIF price fluctuates with crypto market | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">WIFUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analyst Crypto Jack has suggested that Solana-based meme coin Dogwifhat (WIF) could soon witness a catastrophic crash. He noted what needs to happen for the meme coin to avoid this significant price decline.\u00a0 How Dogwifhat\u2019s Price Could Crash Significantly\u00a0 Crypto Jack mentioned in an X (formerly Twitter) post that Dogwifhat\u2019s price needs to stay above $3.5 as failure to hold above that level could be \u201ccatastrophic\u201d for the meme coin. He also advised crypto traders to exercise caution while trading the meme coin so they do not get caught unaware and shaken out from their positions.\u00a0 Interestingly, data from CoinMarketCap shows that Dogwifhat has experienced a price drop below $3.5 from its weekly high of $4. Crypto Jack\u2019s analysis suggests that the meme coin&#8217;s catastrophic crash may have already begun, as it could well hit new lows on its way down.\u00a0 It is worth mentioning that Dogwifhat is still up over 24% in the last seven days, which suggests that this recent price decline might just be a brief correction as part of an upward trend that the meme coin is currently enjoying. However, thanks to this recent price decline, over $1.2 million in long positions have been liquidated in the last 24 hours, according to data from Coinglass.\u00a0 Not Yet Time To Be Bearish On Dogwifhat Crypto analyst CrediBULL Crypto had previously revealed his bearish expectations for Dogwifhat, claiming that the crypto token could drop to as low as $1.6. He added that he would look to short the meme coin at $3.90, as he expected it to enjoy one last push to the upside before it declined significantly.\u00a0 However, despite Dogwifhat already attaining this height as predicted, CrediBULL Crypto suggested in a recent X post that it wasn\u2019t yet the right time to be bearish on Dogwifhat. He claimed that the \u201cHat stays on a bit longer\u201d because he believes Solana is approaching a bounce zone, which could cause it to climb to new local highs. If that is the case, he expects WIF to continue its upward trend, making it shorting it now a wrong move.\u00a0 Crypto analyst and trader Ponzi Trader also suggested that Dogwifhat still has enough bullish momentum to make another run following its recent price decline. He revealed that he is betting on WIF, bouncing from its current price range.\u00a0 Regarding how high Dogwifhat could rally on its next leg up, crypto analyst Alex Clay predicts the bullish sentiment towards the meme coin could send its price to $6.7. Crypto analyst and trader Unipcs (Bonk Guy) is bullish on Dogwifhat and predicts that the meme coin will reach $10 while claiming it will never drop to $1 again.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":610886,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[91713,92355,92487,12837,89406,86420,83626,89405,85361,86410,83627,91711,92357,92149,92356,91712],"class_list":["post-610869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dogwifhat","tag-dogwifhat-news","tag-dogwifhat-price","tag-sol","tag-sol-news","tag-sol-price","tag-solana","tag-solana-news","tag-solana-price","tag-solusd","tag-solusdt","tag-wif","tag-wif-news","tag-wif-price","tag-wifusd","tag-wifusdt"],"acf":[],"yoast_head":"\n<title>Solana-Based Dogwifhat Reaches Critical Level That Could Lead To Catastrophic Crash<\/title>\n<meta name=\"description\" content=\"Crypto analyst Crypto Jack has suggested that Solana-based meme 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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