Dogwifhat (WIF) Backed to Hit $10 by a Top Industry Player Despite the Market\'s Recent Adversity

The fun is over for bears if trader Bluntz is accurate with his recent prediction.

The price of Dogwifhat (WIF) has crashed 55% this month, sparking concern among investors. However, one top industry player is remaining optimistic about the token’s future prospects.

Trader Bluntz, who has over 160,000 followers on Twitter, recently shared a chart showing WIF’s price action on a higher time frame. The chart suggests that the token is still trending upwards despite the recent sell-off.

“Don’t be afraid to dream a little bigger,” Bluntz wrote.

The trader then outlined a potential price path that could see WIF rally past $10 by Q4 2024.

With the crypto market in a bull market, a longer-term rally seems inevitable for WIF. But things become more convoluted on a lower time scale.

Based on Bluntz’s chart, we could see a rally beyond $3 in July but close the month on a pullback, laying the way for the next leg up.

However, WIF’s immediate course has evaded Bluntz’s predicted chart path. This is due to market-wide selling amid fears of Mt. Gox liquidations and the German government selling billions of dollars in BTC.

Nevertheless, WIF is currently trading at a 68% discount from its ATH just three months ago, potentially making it oversold.

Prominent analyst The Crypto Dog suggests that WIF will soar immediately once Bitcoin finds a bottom.

“The second BTC finds footing, coins like WIF and PEPE are primed for quick 20-30%+ pumps,” he wrote.

Meanwhile, Trader Ro revealed he is purchasing WIF at this level, likely forecasting that its bottom is in.

And like Bluntz, Trader Ro also nodded to WIF trading above $10.

Despite relentless selling pressure this month, the sentiment surrounding Dogwifhat remains optimistic. That’s a crucial factor that could aid its recovery in July and beyond.

As such, the token will likely begin tip-toeing higher once Bitcoin finds support.

But while Dogwifhat and other cryptocurrencies have struggled recently, the new meme coin PlayDoge has been showing massive strength in its presale.

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