Dogwifhat Rally Far From Over As Analysts Predicts 1,600% Jump

Shiba Inu Killer Dogwifhat (WIF) has rallied substantially since the middle of September. Notably, the meme coin has rallied by about 32% in the past seven days, allowing it to outperform many cryptocurrencies and meme coins. Notably, this rally has prompted many bullish forecasts for the cryptocurrency.  Dogwifhat Back In The Spotlight Dogwifhats rise to prominence began in early 2024, as the meme coin community embraced it as a Shiba Inu Killer. Dogwifhat, which started the year around $0.15, was shot into the spotlight in March and April as part of the craze surrounding Solana-based meme coins in the first half of 2024. This saw the meme coin surging by over 3,100% to peak at $4.84. Although the meme coin’s price has corrected since then, it continues to be popular among meme coin investors and is supported by a strong online community. Related Reading: Historical Trends Put Bitcoin At $400,000 With Shocking Timeline Dogwifhat has posted incredible gains in September and is currently up by 9.5% in the past 24 hours. Renowned crypto analyst Rekt Capital suggests that Dogwifhats recent breakout of its multi-month downtrend is just the beginning. According to him, this move is one of the first signals of a broader altcoin rally, which he forecasted in a previous analysis. Furthermore, the analyst noted that WIF is on the cusp of beginning a new macro uptrend. The only other time $WIF broke out of it’s downtrend and flipped the 4H 200’s was back in February. After that the price of $WIF gained 1600% over the course of 48 days. Looks like we’re about to find out if history does repeat itself. pic.twitter.com/MhvWjHA9SS Sito (@0xyusu) September 26, 2024 Adding to the positive sentiment, another crypto expert, Gumshoe, highlighted a key development in WIFs market activity. According to him, $35 million worth of Dogwifhat has been transferred from crypto exchange Binance into self-custody wallets in the past seven days. Such withdrawal transfers suggest growing investor confidence in holding WIF long-term. According to a WIFUSDT chart posted on social media platform X by another crypto trader going by the name Sito, WIF’s breakout has seen the crypto flipping the 4-hour 200-moving average. The last time this technical move occurred was back in February, and it led to a staggering 1,600% gain over 48 days. Sito speculated that if history were to repeat itself, Dogwifhat could once again experience a massive price surge, potentially reaching $25 in the coming weeks. The only other time $WIF broke out of it’s downtrend and flipped the 4H 200’s was back in February. After that the price of $WIF gained 1600% over the course of 48 days. Looks like we’re about to find out if history does repeat itself. pic.twitter.com/MhvWjHA9SS Sito (@0xyusu) September 26, 2024 Whats Next For Dogwifhat? At the time of writing, Dogwifhat (WIF) is trading at $2.4. Replicating a 1,600% jump might be more challenging this time around. Given the current price levels, it would require a much larger influx of capital to achieve such a dramatic increase in value compared to earlier this year. Related Reading: Crypto Analyst Predicts What Will Drive The Ethereum Price Back Above $3,000 Again However, this doesn’t take away the fact that the meme coin is at the cusp of a continued momentum to the upside. The first step is breaking above a July order block around $2.665. A successful break above this would set the stage for additional price gains up until its recent all-time high of $4.84. Featured image created with Dall.E, chart from Tradingview.com

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DogWifHat Whale Doubling Down, Buys More WIF: All-Time High Incoming?

Meme coins are bouncing higher, looking at CoinMarketCap data as of September 27. Dogecoin, the world’s largest meme coin by market cap, is up 16% over the last trading week. Shiba Inu and Pepe rallied in the same period, adding 37% and 27%, respectively. The expansion of meme coin prices has also been a boom to DogWifHat (WIF). Solana’s largest meme coin by market cap is up 14% on the last day, pushing weekly gains to over 31%. At the current valuation, WIF is the fourth most valuable coin, trailing Dogecoin, Shiba Inu, and Pepe. DogWifHat Whale Accumulating, Meme Coin Soaring Lookonchain data reveals that a meme coin whale accumulates as WIF prices tick higher. Tracking the address’ movements, the largest WIF holder, data shows, appears to be steadily accumulating.   Related Reading: Stacks: New Network Upgrades Push STX Price Up By 18% Details By buying as prices begin to recover from their August and September lows, the move is an endorsement of the meme coin’s potential in the coming months. On September 26, the whale borrowed 2 million USDC and bought 894,854 WIF at $2.24. Adding to his stash, the address now controls over 32 million WIF. This holding, Lookonchain analysts estimate, pushes the whale’s profits to over $86 million. However, the whale’s borrowing of USDC and purchase of WIF is not the first time. Mid this week, the same address borrowed 4.5 million USDC from Kamino and bought 2.55M WIF at $1.76. Looking at this trend, it is evident that the whale expects prices to continue printing higher highs. The daily chart shows that the meme coin is picking up steam. After sinking to March 2024 lows, the meme coin has recovered, doubling to spot rates. If WIF prices soar above $2.8 and July highs, there could be more room for growth. Ultimately, the medium-term target would be $4.8, a level last printed in March. However, for this to happen, WIF prices must more than double from spot rates. Will WIF Follow Popcat And Register Fresh Highs? The likelihood of WIF printing new all-time highs in the coming weeks or months cannot be discounted. Popcat, another meme coin on Solana, recently broke higher, registering new all-time highs above $1. At spot rates, the token is up nearly 120% in Q3 2024, attracting interest from whales. Related Reading: Ethereum: Analyst Sets $2,820 As ETHs Next Key Level to Watch, Heres Why After exiting for a loss, losing $611,000, Lookonchain data shows that the whale re-entered the Popcat market, spending $1.29 million worth of SOL to buy 1.3 million POPCAT at around $1. From the daily chart, a close above $1 will be crucial in sustaining the upside momentum. Feature image from iStock, chart from TradingView

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WIF Bulls Push Hard Toward $2.1 Resistance Amid Market Optimism

Dogwifhat (WIF) is on the verge of a major breakout, with bulls targeting the $2.1 level as upward momentum continues to build. After a strong period of gains, all eyes are on whether this momentum can trigger the price past this critical resistance. A successful push could ignite a broader rally, further solidifying WIFs bullish outlook. As the market heats up, this article seeks to analyze WIF’s price action as it approaches the critical $2.1 resistance level, focusing on the bullish strength that has driven recent gains. By examining technical indicators, market sentiment, and potential key levels, the goal is to assess whether the bulls can sustain their push and trigger a breakout, or if bearish pressure may halt the rally. WIF, with a market capitalization surpassing $2.1 billion and a trading volume of over $528 million, was trading at around $2, indicating an 8.15% increase at the time of writing. In the last 24 hours, its market cap rose by 8.14%, while trading volume saw a decrease of 27.81%. Bulls Push Gains Steam: Can WIF Surpass The $2.1 Barrier? Following the recent trendline break, WIF’s price on the 4-hour chart has continued to gain momentum as it reaches $2.1, with the purpose of breaking past it. WIF is also trading above the 100-day Simple Moving Average (SMA), suggesting a positive upward trend that could lead to a potential breakout. An analysis of the 4-hour Relative Strength Index (RSI) suggests a potential for further upward movement. The RSI has risen again to the 70% threshold after previously dropping to 63%, indicating that positive movement is gaining strength. Related Reading: Dogwifhat On The Edge: Can WIF Hold Above $1.47 As Bears Close In? On the daily chart, WIF shows strong upside movement, reflected in multiple bullish candlesticks following a successful move above the 100-day SMA. This rising strength suggests that bulls are actively in control and may push the cryptocurrency higher, aiming to surpass the $2.1 mark. Finally, on the 1-day chart, a detailed examination of the RSI formation indicates that WIF may maintain its optimistic trajectory as the indicator’s signal line has risen above the 50% threshold and is currently positioned at 70%, displaying a sustained bullish outlook. How High Can The Meme Coin Go Post-Breakout If the upbeat momentum continues and WIF successfully breaks through the $2.1 resistance level, it could target the next resistance level at $3.5. A decisive move above this level might pave the way for additional gains, possibly reaching its all-time high of $4.8 and beyond. Related Reading: Dogwifhat Price Up 15%, Analyst Predicts it Will 25x in 2024 Conversely, if the breakout leads to profit-taking or bearish sentiment, WIF may retrace to the previous support level of $1.47. When this level is breached, it could result in deeper declines, potentially dropping toward $0.7122 and other lower ranges. Featured image from Medium, chart from Tradingview.com

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Memecoins are back? Dogwifhat price rallies 46% in September

Dogwifhat is currently up 30% in the week, but the number of holders has increased by only 1.29% in the same period. 

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DOGWIFHAT PRICE ANALYSIS & PREDICTION (September 25) WIF Faces Resistance At $2, Can It Surpass This Key Level?

The latest increase in Dogwifhats price was triggered by a rejection last month. It recovered and traded in a tight range, but now looks set to break out of a key resistance while its mid-term structure remains weak. Continuing the recent bounce off the key $1 level, WIF showed signs […]

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Dogwifhat makes a comeback after WIF rallies 25% in a week What is next?

WIF staged a double-digit rally over the past week as memecoin traders piled into fresh positions. 

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Is DogWifHat (WIF) The Most Bearish Of All Major Meme Coins?

Meme coins have been sliding in recent weeks. According to Coingecko, all meme coins’ total market cap is around $42 billion. Dogecoin remains the most valuable, with a market cap of over $15.4 billion, followed by Shiba Inu, which has a market cap of around $8 billion. It has been a turbulent few trading months for meme coins, whose valuation is down from over $65 billion in Q2 204. WIF Struggling, Is This The “Most Bearish Meme Coin”? Though Bitcoin is turning the corner, a development that can yank top altcoins like Solana and meme coins higher, one analyst is bearish on DogWifHat (WIF). According to Coingecko, WIF is one of the top meme coins on Solana, commanding a market cap of over $1.5 billion and a slot in the top 5.   Related Reading: POPCAT Jumps 20% As Whales Load Their Bags, Is A Cat Season Ahead? While WIF might be up over 98,000% after dropping to all-time lows of $0.00155 in December 2023, the token is down 68% from recent all-time highs. WIF prices exploded, riding on Solana expansion and the meme coin fever that swept across the industry in the first half of the year. The analyst now thinks WIF will likely dump in the coming sessions. Driving this outlook is the state of the chart pattern, which points to weakness all through. From how the WIFUSDT chart is aligned, the token, the analyst claims, could be the “most bearish of all major meme coins.” Bulls Have A Chance If Bitcoin Recovers, DogWifHat Finds Resistance At $2 While there is optimism that WIF could bounce and benefit from the market-wide recovery, the current bearish structure damps optimism. From the analyst’s assessment, buying the meme coin at spot prices is risky. The only time traders can consider loading WIF is once it breaks out from the descending wedge, as is evident in the daily chart. Related Reading: Legendary Bitcoin Puell Multiple Finally Enters Buy Territory In summary, WIF is down nearly 50% from July highs. Although prices recovered after the bounce in early August, buyers didn’t build sufficient momentum to reverse losses. The immediate resistance is $1.99, while support is $1.30. For the uptrend to take shape, WIF bulls must break above $2, ideally with rising trading volume. In turn, this may set the momentum for another leg up that could see the token expand to as high as $3–or July highs in a bull bar continuation formation. Feature image from iStock, chart from TradingView

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DOGWIFHAT PRICE ANALYSIS & PREDICTION (August 7) WIF Advances Recovery, Is $2 The Next Key Target To Watch?

In the latest recovery, meme coins are charting the most gains along with Dogwifhat, which has increased by over 70% since it tested a key level on Monday. The price is strong but the bearish bias remains intact. After losing momentum for two weeks, WIF found a solid ground an […]

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Dogwifhat Gains Traction: WIF Jumps 19% Beyond Major Resistance Level

Dogwifhat (WIF) has recently demonstrated significant bullish momentum, as its price surged 19% to break through the $1.5 critical resistance level. The breakout above this key resistance suggests increasing buying pressure for the cryptocurrency and opens up new possibilities for further upward movement.  As WIF maintains its momentum above the $1.5 resistance mark, the question is whether the bulls can continue driving the price higher toward the next resistance level at $2.2, or if a pullback is imminent. This article aims to inform the audience about the significant price movement of Dogwifhat, provide a detailed technical analysis of the breakout above the $1.5 resistance level, and assess market sentiment along with potential future price directions including key levels to watch. WIF was trading at around $1.69 and has increased by over 19% with a market capitalization of over $1.7 billion and a trading volume of over $734 Million as of the time of writing. In the last 24 hours, the assets market cap has increased by more than 19%, while its trading volume has decreased by more than 20% Technical Analysis: Breaking Through $1.5 Resistance Currently, the price of WIF on the 4-hour chart has printed two bullish candlesticks, surpassing the $1.5 resistance mark towards the  100-day Simple Moving Average (SMA). Since breaching this key resistance level, the digital asset has experienced a consistent upward trend, suggesting that bulls are taking control and could further drive the price higher. Additionally, an analysis of the 4-hour Relative Strength Index (RSI) shows that the signal line of the indicator has successfully risen above 50% and is currently heading to 70%, suggesting that buying pressure is increasing and the asset might experience more upward movement. On the 1-day chart, although WIF is still trading below the 100-day SMA, it can be observed that the crypto asset with a single bullish momentum candlestick has surged past the $1.5 resistance level. With this recent bullish momentum, the meme coin could extend its rally toward the next resistance level at $2.25. Finally, on the 1-day chart, the RSI signal line is ascending from the oversold zone toward 50%, further supporting the potential for a continued bullish move and indicating that buying pressure in the market is stronger than selling pressure. Potential for Further Gains: What to Expect For WIF As WIF’s price continues to gain traction, it is expected to approach the next key resistance level at $2.2. Should the price break and close above this level, it may continue its bullish move toward the next resistance point at $3.58 and potentially advance to even higher areas. However, if WIF encounters resistance at the $2.2 mark and experiences a rejection, it could start to decline toward the $1.5 level. Should the price break below this support level, it may signal a further bearish move, leading to additional declines towards the $1.02 mark and beyond. Featured image from YouTube, chart from Tradingview.com

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Dogwifhat (WIF) Bounces Back and Surges 28%: Analyst Predicts $3 Target

Dogwifhat (WIF) has recently demonstrated a remarkable recovery, capturing the attention of both analysts and investors. The cryptocurrency saw a significant surge in its value, showcasing strong performance amidst a volatile market. Despite this recent upswing, WIF had a challenging week. The token’s value dropped nearly 22%, reaching a low of $1.09. However, WIF rebounded […]

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Dogwifhat open interest declines 28% amid fears of $1.50 likely retest

Crypto traders claim that Dogwifhat will likely retest the critical support level as its price and open interest have both plummeted since July 27.

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$POPCAT Soars Following Binance And KuCoin Listings, Echoes WIFs Meteoric Rise

In the world of memecoins, Popcat ($POPCAT) is the latest sensation, mirroring the explosive performance of WIF, which skyrocketed by 800% after its Binance USD-M listing. With a fully diluted valuation (FDV) of $410 million, WIF set a high bar. Now, Popcat, with a $500 million FDV, seems poised to […]

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Whale Investor Goes Long On $WIF, Adds To Massive Profits With Strategic Buys

The largest holder of $WIF, who has already secured over $68 million in profits, is doubling down on their investment, signaling continued confidence in the tokens potential. In the past three days, this whale investor has made significant moves, depositing 21.9 million $WIF (worth $35.48 million) into Kamino and borrowing […]

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Dogwifhats Decline & BNBs Drop Raise Concerns! Meet the Team Behind BlockDAGs $67.7M Success

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Dogwifhat (WIF) Holds Strong Above $1.5, Is A Bigger Rally Imminent?

Dogwifhat (WIF) continues to maintain bullish momentum above the crucial $1.5 level, following a successful breakout above this level. This sustained momentum has sparked speculation about whether the asset is gearing up for a more significant rally or if this momentum might eventually lose steam.  As WIF remains resilient above the $1.5 level, this article will offer a technical analysis, utilizing key indicators to assess its current price performance and evaluate the potential for a larger rally, providing insight into the implications for the asset’s future. In the last 24 hours, Dogwifhat has gained a 5.03% increase, reaching approximately $1.53. The meme coins market capitalization has surpassed $1.5 billion, with trading volume exceeding $421 million. Over this period, the market cap has increased by 4.64%, while trading volume has surged by 49.84%. Current Price Action: Evaluating Dogwifhat Performance Above $1.5 Dogwifhat currently, is displaying bullish resilience above the $1.5 level, trading slightly below the 100-day Simple Moving Average (SMA) on the 4-hour chart. If the cryptocurrency maintains its strength above this key level, it could potentially set the stage for a larger rally. Also, the position of the Composite Trend Oscillator indicator shows that WIF could be poised for further price gains. The signal line and the SMA of the indicator have risen above the zero line, suggesting that bullish pressure remains strong in the market. On the daily chart, WIFs price is holding steady after a successful breakout above the $1.5 mark. This resilience suggests that the bulls may continue to dominate, potentially driving the price higher towards the $2.2 mark and the 100-day SMA. Finally, the 1-day composite trend oscillator indicator suggests that Dogwifhat has a strong potential to extend its bullish movement. Both the signal line and the SMA of the indicator are currently in the overbought zone, with the signal line attempting to cross above the SMA. This suggests that an additional upside move could be imminent for the cryptocurrency. Potential For A Larger Rally: What to Watch Out For As WIF’s price continues to maintain its current resilience above the $1.5 mark, it is expected that the crypto asset could start a rally toward the next key resistance level at $2.2. Should the price break and close above this level, Dogwifhat may continue its bullish move toward the next resistance point at $3.58 and potentially advance to even higher areas. However, if WIF faces resistance at the $2.2 mark and experiences a rejection, it might begin to decline towards the $1.5 level. When the price breaks below this support, it could signal more bearish movement, potentially leading to further declines toward the $1.02 mark and beyond. Featured image from YouTube, chart from Tradingview.com

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DOGWIFHAT PRICE ANALYSIS & PREDICTION (August 20) WIF Signals Buy After Establishing Support, Can It Retake $2.9

Joining other meme coins in the latest surge, Dogwifhats price jumped 15% in the last 24 hours after establishing new support. While its mid-term bearish bias remains intact, it currently shows strength daily. The psychological $1 level has held well this month as Dogwifhat failed to extend its mid-term bearish. […]

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DOGWIFHAT PRICE ANALYSIS & PREDICTION (August 2) WIF Loses $2 In Another Dip, Can It Bounce Off This Support?

Most meme coins have experienced significant reductions in the past few days with Dogwifhat which is now back in a downward range after a short retracement. It is currently one of the top losers with an 8% drop.  Following a little suspense in the bearish correction, which came after locating […]

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Why is Solana's Dogwifhat (WIF) memecoin crashing?

WIF price risks declining by another 48% due to the formation of a classic bearish reversal setup.

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Why is Solanas Dogwifhat (WIF) memecoin crashing?

The WIF price risks declining by another 48% due to the formation of a classic bearish reversal setup.

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Pump.fun hits record $28.7 million monthly agreement income for July

The memecoin creation platform's record monthly income showcases the growing retail interest towards Solana-based memecoins like WIF and BONK.

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