Dogwifhat ($WIF) Rockets to $1.3 – But Can Solana’s Hottest Meme Coin Hold Its Gains?
Main Idea
Dogwifhat ($WIF), a Solana-based meme coin, surged 7% to $1.30 with significant whale activity and trading volume, raising speculation about its potential to reach higher price targets.
Key Points
1. Dogwifhat ($WIF) increased by 7% to $1.30, with a market cap of $1 billion and daily trading volume of $1.1 billion.
2. Whale activity has been notable, with large holders accumulating over $30 million worth of $WIF, and DeFi Dev Corp planning to launch a $WIF validator.
3. The community previously raised $700,000 for a Las Vegas Sphere ad campaign, which was later scrapped and refunded due to failed negotiations.
4. Technical analysis shows $WIF consolidating between $1.22 and $1.30, with key resistance at $1.28–$1.30 and support at $1.22.
5. The RSI and MACD indicators suggest neither overbought nor oversold conditions, indicating potential for further price movement.
Description
Dogwifhat ($WIF) smashed through $1.30 with a 7% increase , transforming its $1B market cap into a springboard toward $4.83. Solana’s pink-beanie meme coin is now absorbing selling pressure like a bull flag primed to snap. With $1.1B in daily volume and whales stacking positions, $WIF threatens to outpace rival meme coins. But the question remains: Can this rally survive the ghost of failed community campaigns? Source: CoinGecko The $WIF Rally: Charting the Path to New Highs Dogwifhat ($WIF) has...
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