Economist Henrik Zeberg has caught the attention of crypto enthusiasts with his bold forecast for the Solana-based memecoin, Dogwifhat (WIF). According to Zeberg, WIF could experience a staggering price increase of up to 840%, potentially catapulting its value from $2.02 to as high as $19. This prediction is backed by several compelling technical indicators that suggest a significant rally is on the horizon, reminiscent of Bitcoin’s explosive ascent in November. As Bitcoin leads the charge, meme coins like WIF are poised to follow, drawing keen interest from traders. Let’s delve into the technical aspects that could define Dogwifhat’s journey in 2025.
WIF Price Rally: What the Indicators Reveal
Zeberg identifies crucial technical factors that suggest WIF is on the cusp of a remarkable price upswing. One of the key indicators is a positive divergence in the Relative Strength Index (RSI), signaling that buying momentum is building despite recent price movements. Additionally, the Moving Average Convergence Divergence (MACD) is poised for a bullish crossover, further indicating a potential upward trajectory.
The Relative Vigor Index (RVGI) is also trending upward, reflecting increased buying interest. These technical signals, when coupled with the price moving into a descending wedge pattern, lead Zeberg to believe that WIF is approaching the final phase of a larger wave structure, specifically wave 3. This could propel the price to unprecedented heights.
The bullish sentiment is further reinforced by the emergence of a Golden Cross pattern, where the short-term 13-day moving average has surpassed the longer 49-day moving average. This crossover is traditionally seen as a bullish signal, suggesting that prices could rise. For this trend to solidify, however, WIF must break through the $2.467 resistance level.
Moreover, the open interest for WIF currently stands at $445.64 million, marking a 4.29% increase. This steady growth since November indicates a rising number of participants who anticipate heightened volatility in the near future.
Dogwifhat’s Promising Trajectory
Dogwifhat has demonstrated impressive strength with a 13% surge in the past 24 hours, reflecting growing investor confidence. Zeberg asserts that this is a precursor to a much larger rally, where WIF could soar to $19, representing an extraordinary 840% increase from its current valuation. This makes WIF an enticing investment opportunity for traders seeking substantial returns.
Altcoins: Bullish Prospects Amid Market Challenges
Beyond his focus on WIF, Zeberg also shares a broader outlook on the cryptocurrency market. He highlights that altcoins are displaying robust bullish signals, with the initial phase of Bitcoin dominance (wave 1) already underway. However, he anticipates that the true altcoin rally will gain momentum in wave 3, which is already beginning to unfold.
Despite the challenges posed by macroeconomic conditions, Zeberg remains optimistic about the potential for altcoins like WIF to experience significant rallies. He advises traders to align themselves with the prevailing trends to capitalize on the potential gains that lie ahead.
