In the ever-volatile world of cryptocurrency markets, one analyst is confidently proclaiming that the WIF token is poised for a major price surge in the near future. The prediction comes from the popular Twitter account @CryptoSrm, operated by self-described “cryptoveteran.”
According to @CryptoSrm, the WIF token’s recent price action is simply adhering to a well-established “playbook” that has played out numerous times before. In a Tweet from earlier today, the analyst wrote:
“This ‘go up in a straight line, retrace by 10-20%, consolidate, and then pump to the heavens’ playbook on $WIF turns me on every single time. We are currently consolidating and this is what I call the foreplay. Soon enough, we will move towards climax/orgasm. Wait for it.”
For the uninitiated, terms like “consolidation,” “pump,” and “retracement” refer to specific patterns in an asset’s price chart. A consolidation is a period of relatively flat trading and low volatility after a strong price move. A “pump” is crypto slang for a sharp increase in an asset’s price over a short period of time. And a retracement describes a temporary reversal of an overarching price trend.
While some may find @CryptoSrm’s sexually-charged metaphors a bit over the top, the analyst’s overall assertion is that WIF’s price will soon experience explosive upward momentum after the current consolidation period concludes. Precisely when this “pump to the heavens” may occur is unclear.
Of course, analysts’ predictions in the notoriously unpredictable crypto markets should always be taken with a grain of salt. Only time will tell if @CryptoSrm’s forecast for WIF ends up being climactic or just another bout of premature speculation.
