The emergence of Donald Trump as the president-elect of the United States has served as a significant catalyst for the crypto market this year. The meme coin sector has particularly benefited from the newfound bullish sentiment, with the price of Dogwifhat (WIF) experiencing a rapid uptick. Although this surge in momentum has captured the attention of traders and other market participants, many investors remain cautious, anticipating a potential brief pullback. Despite this, a prominent crypto analyst has expressed a bullish outlook, asserting that it’s an opportune moment to buy and offering an ambitious projection for Dogwifhat’s price.
In a November 9 post on the X platform, crypto expert Ali Martinez provided an exuberant analysis of the WIF price. Martinez suggested that the meme coin’s rally might not be over just yet. He explained that recent price action indicates Dogwifhat could be poised for a sustained upward trend. The basis for this projection is the formation of a bull flag pattern on the 4-hour chart. A bull flag is a chart formation often used in technical analysis, characterized by a steep upward price movement followed by a brief period of consolidation or a slight downward trend.
Typically, a bull flag serves as a continuation pattern for an upward price trend. However, confirmation of this trend continuation generally requires a price breakout to the upside of the flag. As illustrated in Martinez’s chart analysis, the price of Dogwifhat appears to be breaking out of the flag, thus suggesting a potential persistence of the upward momentum. If this breakout holds, the expectation is that the price surge would mirror the initial length of the flagpole.
Using the initial flagpole as a benchmark, Martinez has placed the price target for the Solana-based meme coin at $2.84, representing a 20% increase from its current value. As of now, Dogwifhat’s price stands at approximately $2.40, reflecting a 5.9% increase in the past 24 hours. This recent price movement has bolstered the meme coin’s performance over the past week, bringing its seven-day gain to 14.6%.
 pricing surged 5.9%, reaching $2.40. Expert Ali Martinez predicts bullish momentum to $2.84; a great buy opportunity now!){kind=link}