dogwifhat jumps 10%, crosses $1B market cap: Are more gains coming?

Key Points

1. WIF's price rose 10% to $1.05, pushing its market cap to $1.05 billion, while 24-hour trading volume increased by 83.89% to nearly $588 million.

2. Open Interest for WIF surged 8.42% to $476 million, with a Long/Short Ratio of 1.014, indicating a slight bullish bias.

3. Liquidation data showed $18.17 million in long liquidations compared to $2.64 million in shorts, suggesting strong bullish pressure.

4. WIF broke above the 200-day Exponential Moving Average (EMA) at $1.03, a historically significant technical indicator for further upside.

5. The Relative Strength Index (RSI) stood at 62, below the overbought threshold, indicating potential for continued price growth before profit-taking occurs.