A widely followed analyst is leaning bullish on a memecoin built in the Solana (SOL) ecosystem but with reservations.
The analyst pseudonymously known as Credible Crypto tells his 462,900 followers on the social media platform X that the dogwifhat (WIF) memecoin is “quickly approaching attractive levels” for a position that can potentially be held till the end of the current cycle.
“The region between $0.20 – $0.50 is a place where I would actually consider blind bidding/buying spot for a longer term hold IF I believed that WIF will one day make a comeback.
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At these levels, the risk/reward is justified for spot buys in my opinion because the upside to prior highs would be, at minimum, a 10x and the downside is relatively limited
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