- Dogwifhat shows bullish sentiment with potential for recovery past $3 despite recent dip.
- Goatseus Maximus maintains strong momentum, suggesting more gains despite recent major sale.
- SPX6900’s bullish pennant pattern signals potential breakout and rally toward $2.
The altcoin market is building momentum for a potential rally in Quarter 4. Bitcoin’s recent recovery above $60,000 has sparked fresh optimism. Meme coins often see sharp moves during such rallies. Let’s analyze why selling Dogwifhat, Goatseus Maximus, and SPX6900 before November could be a big mistake.
Dogwifhat (WIF)
Source: Trading View
Dogwifhat, a meme coin on the Solana Blockchain, has made an impressive comeback. Over the past 10 weeks, the price surged from $1.07 to $2.97, marking a 177% increase. Recently, the price dipped to $2.40, likely pausing to gather strength for the next push. Market capitalization currently stands at $2.41 billion.
Data from Coinglass shows the WIF OI-weighted funding rate is positive at 0.0082%. This indicates that traders are still willing to pay a premium to hold long positions, reflecting a strong bullish outlook. With this sentiment, Dogwifhat could set a new higher low and drive toward the $3 mark.
Goatseus Maximus (GOAT)
Source: Trading View
Goatseus Maximus, or GOAT, is an AI-generated meme coin that has gained popularity fast. Lookonchain recently reported that a trader, stupidmoney.sol, sold 15.15 million GOAT tokens 9 days ago. An initial investment of 5 SOL (around $727) turned into 15,883 SOL (valued at $2.44 million).
Despite this large sale, the GOAT price has climbed to $0.69, with a market cap of $695.47 million. GOAT continues to show strong momentum, suggesting more growth potential. Selling now could mean missing out on even bigger gains ahead.
SPX6900 (SPX)
Source: Trading View
SPX6900 is an Ethereum-based meme coin inspired by the S&P 500. The current trading price is $0.79, and the market cap is $731 million. Over the last two weeks, SPX6900 has consolidated within a bullish pennant pattern.
This chart setup often indicates a brief pause before an upward breakout. A 6.6% jump could push the price past key resistance, sparking a rally toward $2.
Selling Dogwifhat, Goatseus Maximus, or SPX6900 now could mean missing out on significant gains. As market momentum builds, holding these altcoins might be the smarter move heading into the final quarter of the year.
The post Selling WIF, GOAT, and SPX Before November Might Be a Bad Idea appeared first on Crypto News Land.
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