One of the most respected analysts in the industry has warned crypto bears that they have a limited time to force markets lower.
He tells the Flow Horse’s 220,100 social media followers (X) that he has a bullish view on Solana.SOLDogwifhat is a meme that was created by.WIF).
Analysts believe that WIF will be one of the most successful memecoins. continue The bull market will continue to be strong until it reaches its end.
“Re-buying WIF.
If you say that the memes are not as strong, you mean you believe the market players have changed or their tastes and preferences.
Most unlikely [what’s] “More likely, it will continue until the cycle ends.”
Crypto strategist notes also that despite the fact that a large number of memecoins were issued in this year. thinks Traders will look for the most outstanding ones.
“Unfortunately, there definitely is a ton of dilution, since creating a meme now has zero friction. Capital still picks a favorite.”
The WIF value is $2.30 at the time this article was written, an increase of over 14% from yesterday.
The Flow Horse warns that the crypto market as a whole is at risk. Altcoins have rallied while Bitcoin has stayed at $60.000.
Short squeezes occur when traders borrow assets at certain prices in the hope of selling them for less to pocket the differences. They are then forced to purchase the borrowed assets as the momentum turns against them and triggers further rallies.
According to the analyst
The last time the drawdown was done, Alts didn’t overshoot Bitcoin.
Many people use BTC/ALTs that are long-term.
“The clock is ticking on bears to squeeze them again.”
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