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Dogwifhat (WIF)

On the Brink Of 2x Rally?

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4 months ago

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Investors beamed with enchanting hope for the start of the awaited bull run after the cryptocurrency market turned around this week. Bitcoin led the charge to $65,000, triggering a broader bullish wave. Meanwhile, dogwifhat price prediction reveals WIF is poised for an extended run likely to double its value in the coming weeks.

Meme coins have collectively slipped 3.2% based on CoinGecko data. Shiba Inu leads the correction with a 9% loss in 24 hours following news of a hacker siphoning more than 5 trillion SHIB from the Indian crypto exchange WazirX.

Dogecoin, Mog Coin, Bonk, and Brett are some of the other meme coins bleeding on Thursday. Despite the pullback, some coins in this segment still hold onto double-digit weekly gains like Popcat a with 77% increase, dogwifhat with 40%, and Pepe Coin with 30%.

Dogwifhat Price Prediction: WIF Gears Up For A Major Breakout

The leading Solana-based meme coin started this week’s trading on a positive note, rebounding from support at $1.5. As traders bought into WIF the price gained momentum to exchange at $2.37.

Several indicators back the uptrend starting with the 50-day Exponential Moving Average (EMA) at $2.19. Holding above this means buyers have an upper hand and that sentiment is bullish.

Dogwifhat Price Prediction chart | TradingviewDogwifhat Price Prediction chart | Tradingview
Dogwifhat Price Prediction chart | Tradingview

The Moving Average Convergence Divergence (MACD) backs the uptrend after confirming a buy signal in the daily timeframe. This bullish outlook could further drive traders to increase buy orders, eventually increasing the chances of WIF breaching the critical hurdle at $2.5.

Should bulls desire to break free from bearish shackles and guide dogwifhat price rally 2x to the previous all-time high of $4.85, they must move swiftly to annihilate the seller congestion at the blue descending trend line.

WIF Bags 2 Bullish Cross Pattern

A shorter timeframe analysis points to the SuperTrend indicator flipping to trail WIF price. The SuperTrend indicator simplifies trend following by combining price action and volatility (ATR) to plot a dynamic line.

It helps traders identify potential entry and exit points based on the line’s direction relative to the price. Dogwifhat will remain in the good graces of the bulls as long as the Super Trend line trails the price on the chart.

Dogwifhat Price Prediction chart | TradingviewDogwifhat Price Prediction chart | Tradingview
Dogwifhat Price Prediction chart | Tradingview

At the same time, two golden cross patterns have recently emerged in the chart validating the bullish thesis.

A golden cross forms when a short-term moving average decisively crosses above a long-term moving average, with Dogwifhat price prediction signaling a potential shift from a downtrend to an uptrend. Their appearance in the four-hour chart suggests increasing buying pressure and bullish sentiment.

Frequently Asked Questions (FAQs)

The last few days have been bullish for most cryptocurrencies but especially for Solana-based meme coins seeing impressive double-digit gains.

The leading Solana meme coin is available for trading on the most popular CEXs and DEXs including Binance, OKX, Raydium, and more.

Meme coins exhibit extreme volatility in the crypto market. They can explode instantly but also crash in large margins. Investors must be cautious when investing in meme coins like WIF.

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John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.

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 (WIF)

Analyst Signals Bottom for Dogwifhat Price as WIF Eyes $3 with Bullish Support

Published

2 weeks ago

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October 28, 2024

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The crypto market witnessed a sudden pump during Sunday’s low volatility as Bitcoin headed back to $70,000. Amid the renewed bullish sentiment for the Quater 4 rally, a crypto analyst highlights potential bottom formation in Dogwifhat price with key technical indicators, proposing a reversal opportunity.

By press time, the WIF price traded at $2.5 with an intraday gain of 5.75%. Conservatively, the asset market cap rallied to $2.5 Billion.

Analyst Predicts Bottom for Dogwifhat as WIF Targets $3 on Bullish Momentum

In a recent tweet, analyst Bluntz highlights a bullish outlook for the dog-themed meme coin Dogwifhat, studying the WIF/SOL pair. The layer-1 cryptocurrency Solana has showcased substantial bullish momentum as the crypto market is gradually adopting the Q4 rally.

While the SOL’s strength could boost the top memecoin under its umbrella, the Dogwifhat (WIF) caught the analyst’s attention as a promising candidate for a potential breakout.                                                                                                                          

According to Bluntz, the WIF/SOL pair appears to be bottoming out on the 4-hour chart. He notes a “5 down” wave pattern, a common signal for the end of a correction phase, accompanied by significant divergence. 

This setup, particularly with the heavy divergence, suggests a possible trend reversal for the Dogwifhat price. 

WIF/SOLWIF/SOL
WIF/SOL pair | Bluntz

WIF Price Analysis Signal 1.5% Surge Before Key Breakout

In the past two weeks, the WIF price has showcased a steady downtrend from $2.97 to $2.1 low, accounting for a 26% loss. This bearish turnaround resonating strictly within two downsloping trendlines reveals a bull flag pattern formation.

Theoretically, this chart setup is characterized by a long ‘Pole’ representing the dominating trend and a ‘Flag’ portion to display temporary correction. This retracement holding its position above the 50-day exponential moving average accentuates a health pullback for the next leap.

Currently, the Dogwfihat price trades at $2.48, standing 1.5% away from challenging the flag resistance. A potential breakout from the overhead trendline will give buyers sufficient support to drive a higher recovery.

The post-breakout rally could drive the asset 32% up to challenge the $3.3 high.

BINANCE:WIFUSDT Chart Image by sahilmahadik07

On the contrary, if crypto sellers continue to defend the flag resistance, the dogwifhat could witness renewed selling pressure and drive an extended consolidation.

Frequently Asked Questions (FAQs)

The analyst signals a bottom formation for Dogwifhat and predicts a potential breakout, targeting $3 as WIF gains bullish momentum amid a broader Q4 rally.

Currently trading at $2.48, WIF stands 1.5% away from breaking the bull-flag resistance. A breakout could push the price up by 32%, potentially reaching $3.3.

Dogwifhat is forming a bull-flag pattern, characterized by a downward-sloping “Flag” after a strong “Pole” rally

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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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Dogwifhat (WIF)

If WIF Repeats SHIB’s 2021 Move, Can dogwifhat Price Hit $10

Published

4 weeks ago

on

October 12, 2024

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The Solana-based dogwifhat (WIF) is an emerging memecoin that has gradually gathered investors’ attention with high momentum rally and whale movement. This community-driven token features a Shiba Inu dog wearing a pink knitted hat. With the asset still nascent, several investors wonder if dogwifhat price could repeat SHIB’s meteoric rise in 2021 and ascend to the $10 mark. 

Will dogwifhat Price Hit $10 If It Mirrors Shiba Inu’s 2021 Rally?

In 2021, the Shiba Inu price witnessed an extraordinary rally of 45000%, which pushed its value to a high of $0.000037 in May and its market cap to over $10 billion. 

If WIF were to mimic SHIB’s 2021 rally, it would imply a massive surge in its market value. The dogwifhat currently trades at $2.77, and a 45,000% increase would increase its price to approximately $1,247.65—a figure vastly exceeding the speculative target of $10.

Is the 2021 SHIB rally Possible for WIF?

Given the current market scenario, achieving a 45000% rally seems unlikely for dogwifhat price. In 2021, the SHIB rally was driven by an exceptional confluence of social media enthusiasm, meme culture, and a wave of retail investor interest in such assets.

While these factors are still valid and can offer substantial growth for most major memecoins, their impact has noticeably diminished in recent years. This decrease can be attributed to emerging competition like BONK, PEPE, DOGS, etc, which may siphon away the investors’ interest from WIF. 

The cat-themed meme asset also provides alternative investment opportunities for crypto participants, making it harder for assets like Dogwifhat to stand out. Furthermore, the cryptocurrency market is steadily maturing, and more than social media hype is needed to drive sufficient buying pressure for an asset.

Dogwifhat Price Analysis: WIF Ends 6-Month Correction

Since last month, the dogwifhat price showcased a high-momentum rally from $1.44 to $2.7, accounting for an 88% surge. Consequently, WIF’s market cap surged by $2.27 Billion.

An analysis of the daily chart showed that this recovery resulted in a decisive breakout from a falling wedge pattern on October 6th. Established in March 2024, this chart pattern created a distinct correction trendline between two converging trendlines. 

Although geopolitical tensions in the Middle East have hindered dogwifhat price rally post-breakout, the upward slope of the 20-day EMA continues to support bullish momentum. With sustained buying, the WIF buyers could target $4 and $4.8 in near future.

Dogwifhat PriceDogwifhat Price
WIF/USDT -1d Chart

However, a breakdown below the downsloping trendline will accelerate the selling pressure and drive prolonged correction.

Conclusion:

So, If WIF repeats SHIB’s 2021 move, can dogwifhat price hit $10? The answer is ‘Yes.”  Can it mimic the complete 45,000% rally? The answer is ‘No’ amid emerging competition, insufficient hype, and investors rather than just social media hype.

Frequently Asked Questions (FAQs)

While theoretically, a 45,000% increase from its current trading price of $2.77 would elevate WIF’s price to approximately $1,247.65, aiming for a $10 price is more realistic

DogWifHat recently experienced an 88% price surge, moving from $1.44 to $2.77, following a breakout from a six-month falling wedge pattern established since March 2024

In 2021, Shiba Inu’s price saw an unprecedented rally of 45,000%, driven largely by a perfect storm of social media enthusiasm, meme culture popularity, and significant retail investor interest,

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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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Dogwifhat (WIF)

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

Published

1 month ago

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October 6, 2024

By


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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