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Dogwifhat (WIF)

Dogwifhat Price 8% Away From Ending Six-Month Bearish Phase

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3 months ago

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During the low-volatility Saturday session, the Dogwifhat price dropped by 2.8%, bringing it down to $2.27. The bearish momentum was triggered by the price’s ongoing struggle to break through the key resistance trendline of the falling wedge pattern, which has persisted since March 2024. As the market enters ‘Uptober,’ buyers could drive a final push to conclude this six-month correction.

Dogwifhat Price Inches 8% Closer to Breaking Six-Month Bearish Streak

The cryptocurrency market started October on a bearish trajectory, impacted by the escalating conflict between Iran and Israel. This downturn saw Bitcoin dropping below $65,000, while major altcoins, including Dogwifhat, faced significant reversals. Dogwifhat’s price tumbled from $2.64 to $1.96, marking a 25% loss before recovering slightly, reclaiming the $2 level.

Dogwifhat’s price is now encountering a significant overhead supply at the psychological $2.5 mark. This resistance is compounded by a falling wedge pattern established in March 2024. This chart setup, a typically corrective pattern, is defined by two converging trendlines that signal a steady downward correction. However, the price usually precedes a major breakout, suggesting a potential trend reversal.

Currently trading at $2.2, the WIF price is just 8% away from challenging the pattern overhead trendline. A successful breach from the resistance trendline will accelerate the recovery momentum and drive an 88% rally to hit $4.08, followed by $4.86.

A potential bullish crossover between the 50-and-100-day exponential moving average could support the bullish narrative.

Dogwifhat Price Dogwifhat Price
WIF/USDT -1d Chart

Check out the article on top meme coins to buy for a detailed analysis.

WIF Open Interest Soars 88% Amid Bullish Market Activity

Since mid-September, the WIF open interest has surged significantly from $195.7 million to $368.2 million, marking an impressive 88% growth. This sharp rise in open interest suggests increasing participation in the WIF futures market, which could indicate a substantial buildup of positions by traders expecting significant price movements.

WIF Futures Open Interest (USD)WIF Futures Open Interest (USD)
WIF Futures Open Interest | Coinglass

Additionally, dogwifhat’s Weighted funding rate spiked to 0.0062% on Saturday, according to Coinglass data. This positive value accentuates the buyers’ readiness to pay a premium price to hold a long position, indicating their confidence for further rallying.

WIF OI-Weighted Funding RateWIF OI-Weighted Funding Rate
WIF Weighted Funding Rate | Coinglass

On the country note, if Dogwifhat price reverts from the resistance trendline, the asset could prolong its current correction.

Frequently Asked Questions (FAQs)

Dogwifhat’s price is approaching a key resistance point, just 8% away from breaking out of a falling wedge pattern since march

A potential breakout from the wedge resistance and a bullish crossover between the 50-and-100-day exponential moving averages (EMA) could signal a trend reversal

Dogwifhat’s price faces strong resistance at the $2.5 psychological level, compounded by the falling wedge pattern that has been in place since March 2024

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Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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24/7 Cryptocurrency News

Dogwifhat Whale Moves $3M Tokens To Coinbase, What’s Next For WIF?

Published

2 weeks ago

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December 11, 2024

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Amid a highly turbulent crypto market witnessed lately, a Dogwifhat whale’s decision to offload nearly $3 million worth of tokens raised severe concerns among traders and investors globally. On-chain stats on Wednesday indicated that the whale moved millions of WIF to Coinbase, sparking bearish sentiments among investors amid a broader crash. Notably, WIF price tanked roughly 3% intraday in light of the massive dump to the crypto exchange.

Crypto market enthusiasts speculate over the dog-themed meme coin‘s future trajectory as such alarming market events unfold.

Dogwifhat Whale Offloads $3M Tokens To Coinbase Sparking Speculations

According to data from Lookonchain, a Dogwifhat whale moved 1.2 million tokens, worth $3.47 million, to the crypto exchange giant Coinbase. This whale’s address, per Solscan’s data, was recorded as 72X13Krh1nCM..

Intriguingly, the whale accumulated the abovementioned amount roughly eleven months ago with a mere investment of $393K. Now, in light of the market witnessing a bull run post-Trump’s win, this whale’s holding offered a notable $3 million profit.

However, it’s also noteworthy that the dump comes against the backdrop of recent volatility reflected across the broader sector. CoinGape reported crypto liquidations surging to $1.76 billion recently, with Altcoins primarily bearing the heat. Dogwifhat liquidations on December 9 and 10 totaled $22 million, per Coinglass data.

Notably, the whale’s selloff might be due to investor apprehensiveness or profit-booking motive as the market currently witnesses a turbulent action amid huge amounts liquidated. In light of the abovementioned factors, traders and investors speculate about the top meme coin’s future price movement.

What’s Next For WIF?

At the time of reporting, WIF price cracked nearly 3.5% intraday and is currently trading at $2.87. Its 24-hour low and high were $2.66 and $3.01, respectively. Notably, the token currently trades 41% below its ATH of $4.85, with recent Dogwifhat whale selloff and other stats projecting uncertainty over the crypto’s future movements.

However, a recent Dogwifhat price analysis by CoinGape pointed out that the coin is expected to hit the $10 price level by December 2025 end. Given that the meme token crosses resistance at the $4 mark, it could achieve its previous ATH of $4.85. Crossing this ATH could further pave the way for an uplift toward the $10 mark. Nevertheless, market watchers continue to extensively eye the token for price action shifts ahead.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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dogwifhat

Will Dogwifhat Price Hit $10 This December?

Published

2 weeks ago

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December 9, 2024

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Dogwifhat price, a Solana-based meme coin, has soared by 70% in the past month, gaining significant investor interest. Analysts now anticipate a potential breakout above the $10 mark, driving heightened optimism around the token’s bullish trajectory. The surge highlights growing confidence in the WIF market prospects, with its performance sparking widespread attention within the cryptocurrency community.

Can Dogwighat Price Rally Above $10 By End of 2025?

Crypto analysts tweeted insights suggesting the Dogwighat price could surge past $10 by the end of 2025. The chart reveals a notable breakout from a resistance level, supported by bullish volume and ascending trends.  

The daily chart exhibits a consolidation phase, with prices attempting to push above a key resistance zone near $4.86. The analyst highlights the rising support levels, forming an upward wedge, which could fuel momentum for higher targets.

A crucial factor driving optimism is the breakout above the 99-day Simple Moving Average (SMA) at $2.47. Historically, breaking above such technical levels signals potential upside movement. Furthermore, the chart depicts an increasing trading volume, reflecting growing investor interest.

Will Dogwifhat Price Hit $10 This December?Will Dogwifhat Price Hit $10 This December?
Source- Tweet

Crypto prices today saw mixed trends as Bitcoin hovers at $98,000, maintaining its dominance in the market. Ethereum climbed beyond $3,900, boosting investor optimism. Meme coins like Floki, SHIB, and PEPE also surged, sparking speculation about PEPE potentially reaching $10.

Is WIF Price Set for a Breakout?

The WIF price is gaining attention, trading at $3.44 today following a 40% surge over the past month. Over the last week, WIF demonstrated steady growth, climbing from lows near $3.00 to a high of $3.51. The token remains 29.14% below its all-time high of $4.85, reached on March 31, 2024.

A breakout above the $4.00 resistance level could indicate bullish momentum, potentially pushing prices toward their previous peak of $4.85. Achieving this milestone may pave the way for a push toward the $10.00 barrier by year-end. 

However, a bearish reversal could see WIF retreat to $3.20 or even test the $3.00 support level, signaling a cautious market outlook.

Technical analysis reveals the MACD line continues to hover in bullish territory, indicating a lingering upward momentum. However, the histogram suggests weakening buying pressure, signaling potential challenges ahead.

Will Dogwifhat Price Hit $10 This December?Will Dogwifhat Price Hit $10 This December?
Dogwifhat Price Chart By TradingView

Dogwifhat’s recent rally and technical indicators suggest a promising upward trajectory, with $10 within reach if momentum sustains. 

Frequently Asked Questions (FAQs)

Analysts suggest it’s possible, given the bullish momentum and technical indicators.

Dogwifhat’s ATH is $4.85, reached on March 31, 2024.

Breaking key resistance levels, increased trading volume, and bullish market sentiment.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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24/7 Cryptocurrency News

BTC Hits $93K, WIF Rally, PNUT Up 133%

Published

1 month ago

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November 14, 2024

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Cryptocurrency prices today continue to spark significant discussions among market traders and investors globally. While Bitcoin (BTC) price hit a new ATH over the past day, top altcoins mainly illustrated gaining trajectories. Besides, the newly listed meme coin Peanut the Squirrel (PNUT) emerged as the day’s top gainer, alongside dogwifhat (WIF) rally.

As a result, the global crypto market cap jumped 3% to $2.98 trillion over the last day. However, the total market volume fell, slipping nearly 3.5% to $308.42 billion. Here’s a closer look into some of the most renowned cryptocurrencies and their price movements on November 14.

Cryptocurrency Prices Today: BTC Hits New ATH, Altcoins Jump

BTC price hit a new ATH of $93.4K, sparing market optimism globally. Meanwhile, Ethereum (ETH) appears to have tackled some turbulence. Nevertheless, SOL and XRP prices maintained a hold in the green zone amid high sentiment. Simultaneously, the meme coin sector showcased remarkable gains, adding to market optimism on prices today. Here’s a brief report on the top coins by market cap and their price action today.

Bitcoin Price Today

BTC price gained nearly 4% in the past 24 hours and is now trading near $90,000. The coin’s intraday low and high were $86,256.93 and $93,434.36, respectively. Notably, this 24-hour high also marks a new ATH for the flagship crypto. Further, Bitcoin’s market cap rested at $1.78 trillion today. Intriguingly, BTC’s market dominance saw a 0.3% increase in value to 59.78% today.

Further, Sosovalue data shows that spot BTC ETFs recorded $510.11 million in inflow. The ETFs saw sixth consecutive inflows, aligning with the coin’s rising price movement.

Meanwhile, veteran trader Peter Brandt predicted amid a bullish market that BTC price remains poised for further gains, sparking optimism on future movements.

Ethereum Price Today

ETH price chart conversely indicated a 2% leap in value and is currently trading at $3,239. The coin’s 24-hour low and high were $3,121.67 and $3,337.88, respectively. Ethereum’s market cap was evaluated as $385.58 billion today.

However, the coin faces slight turbulence despite spot ETH ETFs recording strong inflows of $146.9 million on Wednesday. Meanwhile, it’s noteworthy that Bitwise Asset Management, a crypto exchange-traded fund (ETF) issuer, recently acquired Ethereum staking service Attestant, sparking market discussions.

Solana Price Today

The crypto SOL price witnessed a remarkable 8% uptick in value and is now trading at $219. The coin’s 24-hour low and high were $201.47 and $220.34, respectively. Solana’s market cap stood at $103.35 billion today. In light of the token’s relisting on Robinhood, an optimistic market wave appears to have engulfed the crypto recently.

XRP Price Today

Simultaneously, XRP price witnessed gains worth 4% intraday and is now resting at $0.6961. The coin’s 24-hour low and high were $0.6426 and $0.7435, respectively. XRP’s market cap reached $39.59 billion today. Further, a recent XRP price analysis by CoinGape suggests that a potential rally to $1.5 looms amid a bullish crypto market.

Meme Coins Performance Today

Dogecoin (DOGE) price witnessed gains worth 8% intraday and is now trading at $0.3863. Further, even Shiba Inu (SHIB) soared 3% to $0.00002534. Meanwhile, PEPE, WIF, and BONK surged 14%-77% over the past day, solidifying investor optimism over the coins’ prices today.

Top Cryptocurrency Gainer Prices Today

Peanut The Squirrel

PNUT price soared 170% in the past 24 hours, reaching $2.20. The coin’s intraday low and high were $0.7716 and $2.47, respectively. Notably, the meme token soars phenomenally following Elon Musk’s support for Peanut the Squirrel to the crypto on X.

Pepe Coin

Simultaneously, PEPE price rocketed 77% over the past 24 hours and is now trading at $0.00002339. The coin’s 24-hour low and high were $0.00001253 and $0.00002524, respectively. The meme coin soared in tandem with its listing on Coinbase recently.

dogwifhat

WIF price upsurged 38% over the past day to reach $4.07. The coin’s 24-hour low and high were $2.89 and $4.68, respectively. Coinbase announced to list WIF token amid huge demand, sparking a rally in the token.

Top Cryptocurrency Loser Prices Today

Cronos

CRO price tanked 15% in the past 24 hours and is now sitting at $0.1526. The coin’s 24-hour low and high were $0.1519 and $0.1837, respectively.

Kaspa

KAS price cracked 6% intraday to rest at $0.1273. The coin’s 24-hour low and high were $0.1244 and $0.136, respectively.

Stellar

XLM price waned 5% over the past day to reach $0.1234. Its intraday low and high were $0.1211 and $0.133, respectively.

Besides, the hourly time frame charts indicated that BTC slipped 0.10% while ETH jumped 0.88%, sparking contrasting speculations over cryptocurrency prices today. Nevertheless, market watchers remain bullish as Q4 sees a highly optimistic market post-Trump’s win in the U.S. elections.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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