dogwifhat jumps 10%, crosses $1B market cap: Are more gains coming?
2025-07-15 01:05:21
Main Idea
dogwifhat (WIF), a Solana-based memecoin, surged 10% to reach a $1.05 billion market cap, with indicators suggesting potential for further gains due to bullish momentum and technical breakout.
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.
Description
dogwifhat cracks key resistance—Are traders bracing for a memecoin moonshot?
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