Critical Price Level for Dogwifhat!!!
According to data from CoinMarketCap, Dogwifhat has seen its decline below US$3.5, down from a weekly peak of US$4. This drop is fueling fears that the big crash predicted by Crypto Jack may have already begun.
Despite this pullback, WIF is still up more than 24 percent in the past seven days, indicating that the latest decline may only be a temporary correction in the overall uptrend.
However, this volatility has taken a toll on some traders, with more than US$1.2 million of long positions liquidated in the last 24 hours, according to data from Coinglass.
CrediBULL Crypto, another well-known crypto analyst, previously predicted that Dogwifhat could fall as low as US$1.6. He plans to short the token at US$3.90, anticipating a final push upwards before a significant decline.
Despite having reached the predicted peak, CrediBULL Crypto recently suggested that it may not be time to be bearish on Dogwifhat yet. He believes Solana is approaching a bounce zone, which could push Dogwifhat to a new local top.
