Token

Solana

Optimism

dogwifhat

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-major-breakout-for-solana-meme-token/" data-wpel-link="internal">Analyst Predicts Major Breakout for Solana Meme Token</a> 
<a href="https://coin-turk.com/1-milyon-eth-gecti-ethereum-shanghai-guncellemesi-sonrasi-hareketlilik-devam-ediyor" data-wpel-link="internal">Cryptocurrency</a> market’s leading analyst suggests that the prominent <a href="https://en.coin-turk.com/solanas-remarkable-recovery-and-price-prediction/" data-wpel-link="internal">Solana</a> (<a href="https://en.coin-turk.com/renowned-analyst-forecasts-significant-upswing-for-binance-coin-bnb-and-possible-market-downturns/" data-wpel-link="internal">SOL</a>) ecosystem meme token is gearing up for a significant breakout. The analyst discussed the popular meme token dogwifhat (WIF) and shared critical resistance levels with followers. 
<h2 id="key-levels-for-wif">Key Levels for WIF</h2> 
Known by the pseudonym The Flow Horse, the crypto analyst told followers on social media that the popular meme token dogwifhat (WIF) is on the verge of turning a significant resistance level at $0.42 into support, which could trigger a major rally. The expert commented: 
<blockquote> 
 There are usually some very obvious setups. Few things are as clear as WIF. This base is forming a much bigger formation again. 
</blockquote> 
Later, the crypto analyst pointed out that <a href="https://coin-turk.com/ethereum-eth-litecoin-ltc-ve-ripple-xrp-teknik-analizi-3-subat-2021" data-wpel-link="internal">Ethereum’s (ETH)</a> Layer-2 project Optimism (OP) is on the rise, favoring it over Arbitrum (ARB). Another social media user’s chart comparing the OP/ARB ratio was cited, suggesting that OP will continue to outperform ARB. The analyst stated: 
<blockquote> 
 I agree. ARB is not in for a long wait, OP is in for the long haul. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-320923 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/WIF.png" alt="" width="1551" height="716"> 
<h2 id="unlocking-key-for-arb">Unlocking Key for ARB</h2> 
At the time of writing, Optimism was trading at $3.73, down about 3% in the last 24 hours. The analyst also indicated a bearish trend for ARB due to planned token unlock events. Unlock events are generally perceived as bearish because they can create new sellable supply. The senior analyst finally said: 
<blockquote> 
 Yes, it’s much worse than I thought. I’m taking this out. There’s no benefit to tying up capital in anything less than A+ with the current trading volume. 
</blockquote> 
According to data from 21milyon.com, WIF was trading at $0.62, up more than 30% in the last 24 hours at the time the article was written. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-major-breakout-for-solana-meme-token/" data-wpel-link="internal">Analyst Predicts Major Breakout for Solana Meme Token</a></h5>

Analyst Predicts Major Breakout for Solana Meme Token

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