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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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 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) 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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Binance Launches WIF COIN-M Futures Trading Competition with 10,000 WIF in Rewards

Binance Futures introduces a new trading competition with a 10,000 WIF reward pool to celebrate the launch of the WIFUSD COIN-M perpetual contract. (Read More)

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Dogwifhat (WIF) Sees 60% Weekly Surge But Analyst Warns Of Potential Retrace

This week, the dog-themed sensation Dogwifhat (WIF) has recovered from its drop below the $2 support zone. The Solana-based memecoin flipped Ethereums Layer-2 (L2) Arbitrum (ARB) and is currently testing the $2.5 resistance level. However, a crypto analyst has warned investors of a possible retrace for WIF. Related Reading: Injective (INJ) Breaches Key Resistance, Setting Stage For 1,350% Boom Analyst WIF Puts Its Hat Back On Dogwifhat became the memecoin sensation of 2024s first quarter (Q1), giving returns of over 2,000% earlier this year. The Solana token reached an all-time high (ATH) of $4.8 in March but has declined 45% since then. Despite this, investors remain bullish on the memecoin, some stating it has shown strength through its sharpest correction. Asad Saddique, Cryptonarys CTO, highlighted that the token withstood like 5 or 6 corrections of >70%. To Saddique, Dogwifhat solidified during the retraces and challenges for the dog-themed memecoin throne. Notably, WIF flipped Arbitrum as the 38th largest cryptocurrency by market capitalization today with a $2.5 billion market cap. This feat was first achieved on March 31, when WIF reached its ATH and a market cap of $4.57 billion. A month ago, crypto trader Bluntz, who made several bullish forecasts for WIF during Q1, shared a bearish prediction for the memecoin. Per the trader, the Solana token was set to an inevitable fall to the $1 range. However, this prediction was based on a previous bullish analysis. Bluntz stated that WIF was headed for a large retrace before the next parabolic run, which could lead to a new ATH. Following the market downturn, the dog-themed memecoin saw a price reduction of over 43%. Earlier this month, WIF dropped from the $2.6 price range to as low as $1.51 on July 11. Nonetheless, it had a remarkable performance this week. The token reclaimed the $2 support zone and exhibits green numbers in several timeframes. Will It Shred Another 40% Soon? WIF surged 8% in the last 24 hours and trades at $2.54, at the time of this writing. This performance represents a 60% and 25% price increase in the weekly and monthly timeframes. The recent price action has seemingly revitalized the bullish sentiment towards the token. Crypto analyst Hornhairs claimed that the memecoin looks solid. To the analyst, WIF could retest the $3 resistance level if it holds above the $2.2 price range. However, another market watcher has warned investors about a potential downside for Dogwifhat. CrediBull stated that people are taking most altcoins bounces as a sign of strength, but the reality is, alts and especially memes are just higher beta versions of BTC. To the analyst, the current bounce is nice, but, if Bitcoin (BTC) bounces or falls, Dogwifhat will follow the flagship cryptocurrencys movement harder/stronger. Related Reading: FET Surges 12% Ahead Of ASI Token Merger Phase 2, Can It Hit $5? The memecoin left a triple bottom right below us after making a lower high on higher timeframes. This suggests to the trader that the token is likely to follow with a 40% move back down of its own to take those triple lows. Featured Image from Unsplash.com, Chart from TradingView.com

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Dogwifhat Targets New Peaks As WIF Exceeds $2.1 Resistance Level

Dogwifhat (WIF) has recently achieved a significant milestone by breaking through the $2.1 resistance level, generating bullish sentiment among market analysts. This pivotal breakthrough indicates potential for further upward movement and new highs.  Analysts are optimistic about WIF’s prospects, forecasting continued strength and momentum in the market. As WIF surpasses this critical threshold, investor interest is expected to rise, driving further gains and positioning the asset for sustained growth.  This article analyzes the recent bullish sentiment among analysts as WIF breaks through the $2.1 resistance level. It also seeks to explore the implications of this breakthrough, including potential future price targets and market behavior. Currently, the market capitalization of WIF is over $2.2 billion, with a trading volume of over $421 million. The cryptocurrencys price is currently down by 1.68%, trading at roughly $2.26, with its market capitalization down by 1.52%, while its trading volume is up by over 2% in the past day. Analyst Sentiment: Optimism Surrounding WIF On the 4-hour chart, the price of WIF is actively bullish trading above the 100-day Simple Moving Average (SMA). As of the time of writing, the price is attempting a retest on the $2.1 mark. Following a retest at this level, WIF is expected to resume its upward movement. The 4-hour Composite Trend Oscillator suggests that WIF might move in a consolidation manner for a while before resuming its upward movement as the signal line appears to be moving below and above the SMA of the indicator. Meanwhile, on the 1-day chart, the price of WIF is still actively trading below the 100-day SMA and is making a pullback toward the $2.1 mark. From the formation of the 1-day Composite Trend Oscillator, it can be observed that the price of  WIF may go bullish as the signal line has made a cross above the SMA of the indicator, and they are both moving out of the oversold zone towards the zero line. Future Scenarios For WIFs Growth As of right now, WIFs price is making a pullback to the $2.1 mark. If the price experiences a rejection at this level, it will begin to move upward toward the $3.58 resistance level. Furthermore, a break above this level may trigger WIF to move higher to test the $4.86 resistance level and possibly move on to test other higher levels. However, if the price of WIF breaks below the $2.1 mark, it will continue to decline towards the $1.47 support level. The crypto asset may pose a further decline toward the $0.71 support level and other lower levels if the $1.47 support level is breached. Featured image from Binance, chart from Tradingview.com

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Binance Futures to Introduce WIFUSD COIN-M Perpetual Contract with 20x Leverage

Binance Futures announces the launch of the WIFUSD COIN-M Perpetual Contract with up to 20x leverage, starting July 23, 2024. (Read More)

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Solanas Dogwifhat (WIF) Skyrockets 1300% And Claims Forbes Best-Performing Crypto Title

Solana-based meme coin Dogwifhat (WIF) has taken the cryptocurrency market by storm, becoming the best-performing asset in the first half of the year, as the Shiba Inu puppy-inspired token has outperformed Bitcoin’s (BTC) 48% surge since January, making it the top returner among approximately 70 coins with market caps over $1 billion.  Dogwifhat (WIF) Leads [...]

The post Solanas Dogwifhat (WIF) Skyrockets 1300% And Claims Forbes Best-Performing Crypto Title appeared first on Crypto Breaking News.

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WIF Heading For Rock Bottom? $2.2 Rejection Fuels Further Decline

Dogwifhat (WIF) is experiencing increased bearish pressure after facing a significant rejection at the $2.13 resistance level. This rejection marks a pivotal moment, pushing the price downward and signaling potential continued losses for the cryptocurrency.  Market analysts and investors are closely watching this development, as the inability to break through the $2.13 barrier underscores prevailing selling pressure. As WIF navigates this challenging phase, the focus shifts to identifying the next support levels and understanding the broader market implications of this downward trend. The main objective of this study is to determine whether WIF’s current price action will stabilize at significant resistance levels or continue to decline. Presently, the market capitalization of WIF is over $2 billion, with a trading volume of over $556 million. The cryptocurrency price is currently down by 3.45%, trading at roughly $2.04, while its market cap and trading volume are currently up by 0.44% and 30.66% respectively. Market Analysis: The Impact Of $2.2 Rejection On the 4-hour chart, the price of WIF started a bearish move below the 100-day Simple Moving Average (SMA) after the rejection at $2,2. It can be seen that after the rejection, the price started building momentum before dropping.  The 4-hour chart Relative Strength Index (RSI) signals a bearish move for WIF as the signal line of the indicator has started dropping towards the 50% level. Also, WIF’s price on the 1-day chart is currently bearish trading below the 100-SMA. This bearish move, as observed from the chart, started immediately after the price experienced a rejection at $2.2, which is now a resistance level. Furthermore, the 1-day RSI for the price of WIF signals extended bearishness. Since the signal line in this case is still active below 50%, the crypto asset’s price may decline even further. It should be noted that with the formation of WIF’s price actions and that of the RSI indicator, the price of WIF may continue declining toward the $1.47 support level. Where Will WIF Find Stability? As the price of WIF prepares for further decline, there are key support levels it may want to stabilize. If the coin finds stability at the $1.47 support level, it will start to move upward again toward the $2.25 resistance level. A break above this level may trigger WIF to move higher to test the $3.58 resistance level and might move on to test other higher levels. However, if WIF fails to find stability at $1.47 support and breaks below, it will continue to decline towards the $0.71 support level. The crypto asset may pose a further decline toward the $0.26 support if the above-mentioned level is breached. Featured image from YouTube, chart from Tradingview.com

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WIF Plunges 11% As Whale Deposits Millions To Binance, Whos Behind It?

Memecoins are in red this week as most sectors of the crypto market struggle. Dogwifhat (WIF) has not been the exception.  The memecoin sensation of Q1 saw a significant price drop following the movements of a whale. Recently, an address transferred millions of WIF to a crypto exchange, which ignited speculation about who was behind the transaction. Related Reading: LayerZeros ZRO Token Airdrop Receives Backlash For Proof-Of-Donation Mechanism 6 Million WIF To Binance On Friday, reports of a massive WIF transfer to Binance hit the crypto community. Per the report, one of the top dogwifhat holders moved millions to the largest crypto exchange. The whale transferred 5.97 million WIF, worth around $11 million, on June 21. Additionally, the address offloaded 48 million Trump Coin (DJT), approximately $500,000. After the news, the crypto community began speculating who was behind the transfer. Some users claimed the whale was crypto trader Ansem, who was very vocal about WIF. The trader was also part of the Las Vegas Sphere project, where users donated around $700,000 to project the tokens image in the Sphere.   Users on X criticized Ansem for the alleged deposit, expressing their disappointment in his capitulation. Some investors took the opportunity to express their discontent with the trader for grifting and dumping on investors. The discussion sparked an important conversation: should Key Opinion Leaders (KOLs) not move their money? One user considers that Ansem, and all KOLs, are free to do what they want with their money.  The user argued that KOLs are subjected to criticism regardless of their route. When people sell before you do, they are jeet. When KOLs sell some of their holdings or even move it around, they are pump and dampers. Several community members agreed and questioned if KOLs are obligated to hold a token until investors are happy with their profits.  However, others argue that community members are arbiters of traders reputations.   Dogwifhat Take A Blow, But Was It Ansem? Despite the rumors, online reports suggest the wallet is not linked to the crypto trader. After deep-diving into the address, a community member found that the address was not associated with Ansem. The post notes that the only reason it was linked to the trader was the large WIF balance and many Solana memecoins. However, the address has a record of selling their token at a loss to FOMO into new shiny stuff. Furthermore, the wallet seems to be linked to a now-deleted X account.  At the time of writing, the trader has not acknowledged the rumors.   After the reports, WIFs price dropped from the $1.90 to the $1.80 price range. On the last day, the memecoin plunged from the $2.15 mark, representing a 13% decrease. Related Reading: Curve (CRV) Bounces 40% From All-Time Low As Whales Go On Shopping Spree The token has also seen a 25.3% and 36.1% drop in the weekly and monthly timeframes. Crypto analyst Bluntz forecasted a bearish $1 target for the dog-themed memecoin. Ultimately, the analyst stated that a descent to the $1 support level was inevitable before the next parabolic leg. As of this writing, WIF is trading at $1.83. Featured Image from Unsplash.com, Chart from TradingView.com

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Dogwifhat To Tumble? Analyst Sets $1 Target For WIF

Dogwifhat (WIF), the memecoin sensation that took the crypto market by storm during Q1, has followed Bitcoins recent downturn. As the dog-themed token faces a price decline of over 10%, some crypto analysts consider that a stop at $1 may be the next target for WIF. Related Reading Is The Hat Still On? Dogwifhat was [...]

The post Dogwifhat To Tumble? Analyst Sets $1 Target For WIF appeared first on Crypto Breaking News.

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Solana-Based Dogwifhat Reaches Critical Level That Could Lead To Catastrophic Crash

Crypto analyst Crypto Jack has suggested that Solana-based meme coin Dogwifhat (WIF) could soon witness a catastrophic crash. He noted what needs to happen for the meme coin to avoid this significant price decline.  How Dogwifhats Price Could Crash Significantly  Crypto Jack mentioned in an X (formerly Twitter) post that Dogwifhats price needs to stay above $3.5 as failure to hold above that level could be catastrophic for the meme coin. He also advised crypto traders to exercise caution while trading the meme coin so they do not get caught unaware and shaken out from their positions.  Interestingly, data from CoinMarketCap shows that Dogwifhat has experienced a price drop below $3.5 from its weekly high of $4. Crypto Jacks analysis suggests that the meme coin’s catastrophic crash may have already begun, as it could well hit new lows on its way down.  It is worth mentioning that Dogwifhat is still up over 24% in the last seven days, which suggests that this recent price decline might just be a brief correction as part of an upward trend that the meme coin is currently enjoying. However, thanks to this recent price decline, over $1.2 million in long positions have been liquidated in the last 24 hours, according to data from Coinglass.  Not Yet Time To Be Bearish On Dogwifhat Crypto analyst CrediBULL Crypto had previously revealed his bearish expectations for Dogwifhat, claiming that the crypto token could drop to as low as $1.6. He added that he would look to short the meme coin at $3.90, as he expected it to enjoy one last push to the upside before it declined significantly.  However, despite Dogwifhat already attaining this height as predicted, CrediBULL Crypto suggested in a recent X post that it wasnt yet the right time to be bearish on Dogwifhat. He claimed that the Hat stays on a bit longer because he believes Solana is approaching a bounce zone, which could cause it to climb to new local highs. If that is the case, he expects WIF to continue its upward trend, making it shorting it now a wrong move.  Crypto analyst and trader Ponzi Trader also suggested that Dogwifhat still has enough bullish momentum to make another run following its recent price decline. He revealed that he is betting on WIF, bouncing from its current price range.  Regarding how high Dogwifhat could rally on its next leg up, crypto analyst Alex Clay predicts the bullish sentiment towards the meme coin could send its price to $6.7. Crypto analyst and trader Unipcs (Bonk Guy) is bullish on Dogwifhat and predicts that the meme coin will reach $10 while claiming it will never drop to $1 again.  Featured image created with Dall.E, chart from Tradingview.com

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Bullish Breakout: WIF Starts New Rally Above 100-Day Moving Average, What Next?

The recent upward movement has led the price of WIF to continue its rally above the 100-day Simple Moving Average (SMA). This movement comes after it fails to break below the $1.03 support level. With a current market capitalization of $3.9 billion and a 24-hour trading volume of over $1.5 billion, WIF has been dominating the meme world alongside other meme coins like PEPE and DOGE since the start of this recent move. As of the time of writing, the price of WIF was up by 21%, trading around $3.97 above the 100-day moving average in the last 24 hours. WIF On The 4-hour Chart From the 4-hour timeframe chart, it can observed that the price of WIF is actively trading above the 100-day moving average, suggesting that the WIF is on a bullish trend and could continue to move upward. Also, looking at the 4-hour MACD indicator, it can be observed that the MACD histograms are trending above the MACD zero line with good momentum. The MACD line and the MACD signal line are also seen moving above the MACD zero line with a good spread from each other. Given the significance of this MACD pattern, it is possible that WIF’s price will continue to rise and the market is still overwhelmingly positive. On the 1-day time frame, WIF is actively bullish as the price has previously dropped two bullish candlesticks leading to its continuous upward movement today. Furthermore, the 1-Day MACD indicator is giving a bullish sign as the MACD histograms are seen trending above the MACD zero line with good momentum and both the MACD line and the MACD signal line have crossed above the zero line with a good spread between them. From the MACD formation, it can be suggested that WIF’s price might move upward even further. Future Actions Currently, there are two resistance levels of $4.34 and $4.86 ahead of price. Should the price continue to move upward and break above the $4.34 level, it might move further to test the $4.86 resistance level. Also, if it breaks this level, it might trigger a rally to create a new high. However, if the price fails to break through at any of these resistance levels, it might start a downward correction toward the $2.25 support level. A break below this level might cause a deeper correction to test the $1.78 support level. Featured image from YouTube, chart from Tradingview.com

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Pundit Predicts Shiba Inu Competitor Dogwifhat Will Reach $10 Amid Short liquidations

Crypto trader and analyst Unipcs (Bonk Guy) has reiterated his bullish prediction for Dogwifhat (WIF). He made this statement while revealing the sums lost by short traders thanks to their bearish sentiment around the meme coin.  Dogwifhat Headed To $10 Unipcs mentioned in an X (formerly Twitter) post that Dogwifhat is headed to $10 and will never drop to as low as $1 again. He added that the market is currently in a meme coin supercycle, which is why he believes the meme coin can attain such heights. The crypto trader also highlighted how WIF shorts were getting squeezed hard and said this is the way it should be. Related Reading: Standard Chartered Analyst Says Bitcoin Is Set For A New ATH Above $73,700, You Wont Believe The Timeline Besides Dogwifhat, Unipcs generally has a bullish outlook towards meme coins. He earned a reputation for longing Bonk, another Solana-based meme coin, with $16,000 in October 2023 and still holding as at the last time he shared an update on the trade. Based on his update, his unrealized profit has risen to as high as $13.7 million at some point.  Unipcss bullishness on meme coins is also not surprising, considering this category of crypto tokens is projected as one of the leading narratives in this bull run. It is also worth noting that meme coins Dogwifhat and Pepe (PEPE) are currently this years best-performing crypto assets among the top 50 coins by market cap, with year-to-date (YTD) gains of over 1,800% and 1,000%, respectively.  Unipcs isnt the only one who believes that WIF could rise to $10. Another crypto trader known as Free has also reaffirmed on different occasions that the meme coin will still rise to that price level. Meanwhile, crypto analyst Bluntz Capital is also ultra-bullish on Dogwifhat, as he once suggested that the meme coin will flip PEPE and Shiba Inu (SHIB) to become the second-largest meme coin by market cap, only behind Dogecoin (DOGE). This Crypto Analyst Has Other Expectations Crypto analyst CrediBULL Crypto recently revealed his bearish expectations for meme coins, including WIF. He foresees a meme wipeout, which could be worse than he initially thought. He added that this occurrence would catch a ton of people off guard. He claimed he would become a meme coin bull when the time is right, but now is not the right time.  Related Reading: Shiba Inu Price Cant Reach $0.01, Crypto Pundit Reveals Why In a recent video posted on his YouTube channel, CrediBULL Crypto also analyzed Dogwifhat. He noted that WIF had significantly moved to the upside, as he rightly predicted in an earlier market update. Back then, he mentioned that he was expecting the meme coin to rise to $3.8 before it dropped to as low as $1.6. However, in his recent video, he revealed that he wont be shorting Dogwifhat even when it reaches $3.8. Instead, he will wait for the meme coin to claim the untapped highs at the $4 range to validate his bearish expectations.  At the time of writing, Dogwifhat is trading at around $3, up over 6% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Bulb.io, chart from Tradingview.com

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Dogwifhat (WIF) Surges 10.4% Amid Whale Frenzy, New ATH Coming Soon?

The recent market pump saw the surge of many sectors in the crypto market. Fueled by Roaring Kittys return, part of the memecoin sector registered remarkable gains over the past week, with Tokens like Pepe (PEPE), Popcat (POPCAT), and Dogwifhat (WIF) leading the way. Related Reading: Floki Inu Frenzy: Memecoin Eyes New Highs As Open Interest Soars Due to its recent performance, some analysts forecast a new boost for WIF soon, while some whales load their bags with the dog-themed token. Whales Put Their Hats On Dogwifhats price soared after Roaring Kittys comeback, surging to $3.25 and prompting whales to fill their bags. However, the price fluctuations over the past week have made some large investors sell the dog-themed memecoin at a loss. After WIFs price dropped over the weekend, a whale sold 1.7 million tokens at a loss to buy BONK and the Donald Trump-inspired memecoin TREMP, the address initially bought WIF at $2.94 in March and sold it on Sunday at an average of $2.57. Nonetheless, the price drop was seen as an opportunity for other large-scale investors. According to Lookonchain, a whale created a new wallet to buy Dogfight. On Monday, the wallet withdrew 1.83 million USDC from Coinbase to buy the dog-themed token. At the time of the report, the investor had spent 606,000 USDC to buy 227,896 WIF at $2.66.  The wallet had 1.22 million USDC left to continue the buying spree. A few hours later, the whale had spent another 400,000 USDC to buy 145,000 more tokens. As of this writing, the address displays a total WIF balance of 472,614, worth around $1.28 million. Similarly, another whale created a new wallet to buy dogwifhat. Per the reports, this whale used SOL to scoop 1 million WIF, worth around $2.53 million, on Sunday. Since then, the address has added more tokens to his bag, currently holding 1.39 million WIF, worth $3.8 million. WIF Ready For A New ATH This Month? The recent whale activity seemingly fueled the tokens price to soar above $2.7, hovering between $2.7 and $2.73 in the following hours. The surge represents a 10.4% increase in the past 24 hours. Despite the recent performance, the token still registers red numbers in longer timeframes. WIFs price has decreased by 8.3% and 14.8% in the weekly and bi-weekly timeframes. Moreover, its daily trading volume has seen a significant 21.6% decrease in the past 24 hours. Nonetheless, market watchers consider that this cycles dog-themed sensation still has its hat on. Crypto trader Scient identified a bull pennant pattern on WIFs chart. Per the trader, the token is still consolidating inside the pattern. The tokens performance displayed another bullish sign indicating that this consolidation is ending soon after having a higher high followed by a lower high. Similarly, Ansem, a popular trader and figure in the crypto world, suggested that WIF could be preparing for new highs. Related Reading: Solana Blasts Past Resistance: Buckle Up For $330 Breakout Analyst To him, dogfight will reach a new all-time high (ATH) alongside Solana (SOL) by the end of the month? The breakout will end a 3-month period of bullish consolidation after the last leg up, lining with BTCs bullishness. Featured Image from Unsplash.com, Chart from TradingView.com

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Dogwifhat (WIF) Flips PEPE As The 3rd Largest Memecoin After Hitting $4

Memecoins are again in the spotlight as some of the most popular dog-themed tokens performed remarkably during this bull cycle. Dogwifhat (WIF), Floki Inu (FLOKI), and Dogecoin (DOGE) have done impressive numbers this month. WIFs market capitalization skyrocketed to almost $4 billion, surpassing PEPE and taking third place as the largest memecoin in the market by this metric. Related Reading: Analysts Bullish On FLOKI As Price Surges 9.8%, New ATH Soon? Hats On, Is WIF Going To The Moon? Yesterday, WIFs price increased 32% in half a day, setting a new all-time high (ATH) of $4. Simultaneously, its market capitalization jumped from $3.04 billion to $3.98 billion, according to CoinMarketCap data, which represents a 30% increase in the same timeframe. This remarkable performance saw dogwifhat flipping PEPE as the third largest memecoin by market cap, now ranking just below Dogecoin and Shiba Inu (SHIB) in this category. Top 5 memecoins by market capitalization. Source: CoinMarketCap As reported by EmberCN, this performance gave wifto100billy.sol, the largest WIF holder, $134 million in unrealized profits. This whale bought 37 million WIF for approximately $9.33 million at an average of $0,248. When it reached its ATH price of $4, the wallet saw a 1440% gain on the inversion. Since then, WIFs market cap has decreased to $3.65 billion, which still represents a 15.25% increase from 24 hours ago and remains above PEPEs $3.82 market cap. $WIF approaching $4 like pic.twitter.com/SyXLRHUPnL — risicare (@risicare_eth) March 29, 2024 Similarly, WIF saw an 8.5% correction from its ATH price. At the time of writing, the token changes hands at $3.66, a 20% increase in 24 hours. Moreover, WIFs market activity skyrocketed by 70%, with its daily trading volume reaching $808.4 million. Dogwifhat Shows Organic” Growth, But Whats Going On With Memecoins Dogwifhat is one of the newest players in the market, and it has accomplished incredible achievements since its launch in November 2023. The token has amassed a loyal community that seems to be focused on bringing the project to the moon. After putting on their hats, WIF investors raised over $700,000 in a few days as part of its Las Vegas Sphere project, displaying the communitys extent. Furthermore, Cryptonarys CTO, Asad Saddique, revealed in an X post that Dogwifhat has recently reached 100,000 organic holders. WIF just crossed 100,000 holders no brute force or gamed bs i know bc ive manually tracked it daily since early dec pic.twitter.com/K1W4GHG98d — asad (@xbtcas) March 28, 2024 Nonetheless, the divisive memecoin presale frenzy has created a fear of fatigue from overexposure to these tokens, with some investors arguing that memecoins are taking a turn for the worse. Despite this, interest has not faded away. Ethereums founder, Vitalik Buterin, recently published a blog post titled What Else Could Memecoins Be? In the post, Buterin discussed the current state of the memecoins landscape and expressed his “disappointment” that innovation is not driving these projects to the market. Just this month, many controversies have surrounded the crypto community regarding memecoins, including the appalling launch of racist and antisemitic tokens. Undoubtedly, the memecoin market is broad, diverse, and full of enough potential that projects can develop and grow a strong community. Still, it appears efforts from projects working to be more than a meme are overshadowed by the controversial actors in the market. Related Reading: Shiba Inu Going To $0.0001: Crypto Analyst Reveals What Will Drive The Rally WIF is trading at 3.68 in the 1-day chart. Source: WIFUSDT on Tradingview.com  Featured Image from X.com, Chart from TradingView.com

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Who Let The DOGE Out? Dog-Themed Coins Soar By 12%, WIF And FLOKI Lead The Way

The crypto market seems to be going nowhere but up. Bitcoin nears $60,000, Ether has been surfing above the $3,000 wave for four days, currently sitting at the $3,330 level, and the rest of the market continues to gain momentum. Significant developments and a strong bullish sentiment have built up over the past couple of months, and as a result, the top gainers during this bull run are coming from every sector of the market. This is the case of Dog-themed coins, which currently sit among the cryptocurrencies with the best performance over the last few days. Related Reading: Ethereum Price Primed To Hit $3.5K After Bitcoin Rallies Past $60K Dog-Themed Coins Are Soaring Dog-inspired cryptocurrencies are some of the most popular coins among the crypto community. The trend started with the popular internet doge meme and has inspired some of the most recognizable memecoins in the market. The largest by market capitalization in this category, Dogecoin, currently stays out of the top ten cryptocurrencies by this metric. However, it has remained close to the top with its 11th place. Top ten dog-themed coins by market cap. Source: CoinGecko The Dog-themed market cap has shown a 12.8% growth in the last 24 hours, as CoinGecko data shows. The sectors market capitalization sits at an impressive $23.8 billion, and the dog-based coins trading volume reached over $4.25 billion in the last 24 hours. The chart above shows that the top ten dog-inspired cryptocurrencies display positive performance, with green numbers all over the board in the last 7 days. Impressive Performance From WIF, FLOKI And More Dogecoin, Shiba Inu, and Bonk lead the dog-inspired market. However, none of these tokens are among the top five gainers on the last day or week. At writing time, the coins that have seen the best performance in this category include dogwifhat (WIF), FLOKI (FLOKI), Samoyedcoin (SAMO), Myro (MYRO), and Chihuahua Chain (HUAHUA). Lets take a look at the 3 top gainers: Dogwifhat (WIF) WIFs price jumped 41.9% during the last day and now trades at $0.7765. Earlier today, the coins price recorded a new all-time high (ATH) after reaching $0.79. Just last week, a crypto analyst predicted that the price of WIF was about to go turbo parabolic and possibly reach $1. Fans of the project have shown their excitement by suggesting that investors “keep their hats on” during this leg of the rally. Dogwifhats daily trading volume of $123.5 million represents a 34.30% increase from one day ago. This hints at a recent rise in “hats being put on” after the token has shown an impressive 117.8% and 137.8% price jump in the last 7 and 30 days, respectively. FLOKI As previously reported, FLOKI has been soaring after DWF Labs announced its plans to strengthen its partnership with the project. The digital assets investment firm will purchase $10 million worth of FLOKI tokens directly from the projects treasury over two years. Since then, the tokens price has risen 37.7% in the last 24 hours. Currently trading at $0.00005973, FLOKI has maintained its gains over the week with an 85.4% price increase. Additionally, its performance recorded a 100.1% jump in the 30-day time frame. According to CoinGecko data, FLOKI is outperforming the global crypto market with its performance in the last week. Similarly, it has increased its trading volume by 116.6% in 24 hours, with over $382 million. Chihuahua Chain Chihuahua Chain surprised the crypto community after becoming one of the largest global earners on the last day. Members of the HUAHUA Army speculated if the token would break out of the downtrend seen after the tokens massive pump in December. HUAHUA experienced a massive 48.4% price jump in the last 24 hours. The token went from its $0.00018 price to trade at $0.0003411. Its daily trading volume massively increased by 140.4% and currently sits at $1.017 million. This performance has been sustained over the last month, as the tokens price has grown 50.3%. Related Reading: Top Memecoins Face Pullback Amid Recent Market Rally WIF is trading at $0.7267 in the 1-day chart. Source: WIFUSDT on TradingView.com Feature image from Unsplash.com, Chart from Tradingview.com

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New ATH For WIF? Analyst Thinks Dogwifhat Will Go Turbo Parabolic Soon

The 2024 bullish rally has fueled the resurgence of the cryptocurrency market during the last few weeks. Memecoins have not been the exception, with coins like BONK recently seeing a rally. Nonetheless, the memecoin market has faced a pullback in the last couple of days, with some of the biggest memecoins, like DOGE and SHIB, [...]

The post New ATH For WIF? Analyst Thinks Dogwifhat Will Go Turbo Parabolic Soon appeared first on Crypto Breaking News.

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