WIF price is rising: here’s why Dogwifhat has a 155% upside
2025-07-03 21:54:49
Main Idea
Dogwifhat (WIF) price has risen significantly, supported by whale accumulation, reduced exchange balances, and bullish technical patterns, indicating potential for further gains.
Key Points
1. Dogwifhat (WIF) price surged 43% to around $0.92 on July 3, rebounding alongside other Solana meme coins like Bonk and Pudgy Penguins.
2. Whale holdings of WIF increased to 39 million tokens, the highest since June 28, signaling strong accumulation.
3. Exchange balances of WIF dropped by 2% in 30 days, suggesting long-term holding sentiment among investors.
4. Technical analysis shows WIF breaking above its 50-day EMA and completing a bullish falling wedge pattern.
5. A cup-and-handle formation suggests a potential price target of $2.37 (155% upside) if WIF breaks above $1.3473.
Description
Dogwifhat price rose for the second consecutive day as Bitcoin and most Solana meme coins jumped. Dogwifhat ( WIF ) token rose to around $0.92 on July 3, up by 43% from its lowest level this week. Other top Solana ( SOL ) meme coins like Bonk, Fartcoin, and Pudgy Penguins have also rebounded. WIF may have further upside, as on-chain data points to increased whale accumulation. According to data compiled by Nansen, Dogwifhat whales now hold 39 million tokens, up from 38.4 million last month, thei...
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