Dogwifhat, a top Solana meme coin, is experiencing a potential price correction. Expert crypto traders are opening short positions, anticipating a downward trend.
This comes as Bitcoin endeavors to overcome the significant $68k resistance level. Investors are wondering if it's too late to invest in Dogwifhat amid these market movements.
The situation underscores the volatility often associated with meme coins and their susceptibility to broader market trends led by major cryptocurrencies like Bitcoin.
Source: en.cryptonomist.ch ↗