Tag Archives: WIFUSD

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Dogwifhat (WIF) Holds Strong Above $1.5, Is A Bigger Rally Imminent?

Dogwifhat (WIF) continues to keep up bullish momentum above the essential $1.5 stage, following a profitable breakout above this stage. This sustained momentum has sparked hypothesis about whether or not the asset is gearing up for a extra important rally or if this momentum may ultimately lose steam. 

As WIF stays resilient above the $1.5 stage, this text will supply a technical evaluation, using key indicators to evaluate its present value efficiency and consider the potential for a bigger rally, offering perception into the implications for the asset’s future.

Within the final 24 hours, Dogwifhat has gained a 5.03% improve, reaching roughly $1.53. The meme coin’s market capitalization has surpassed $1.5 billion, with buying and selling quantity exceeding $421 million. Over this era, the market cap has elevated by 4.64%, whereas buying and selling quantity has surged by 49.84%.

Present Worth Motion: Evaluating Dogwifhat Efficiency Above $1.5

Dogwifhat at the moment, is displaying bullish resilience above the $1.5 stage, buying and selling barely under the 100-day Easy Shifting Common (SMA) on the 4-hour chart. If the cryptocurrency maintains its energy above this key stage, it may doubtlessly set the stage for a bigger rally.

Additionally, the place of the Composite Development Oscillator indicator exhibits that WIF could possibly be poised for additional value features. The sign line and the SMA of the indicator have risen above the zero line, suggesting that bullish stress stays sturdy out there.

On the each day chart, WIF’s value is holding regular after a profitable breakout above the $1.5 mark. This resilience means that the bulls could proceed to dominate, doubtlessly driving the value increased in the direction of the $2.2 mark and the 100-day SMA.

Dogwifhat

Lastly, the 1-day composite development oscillator indicator means that Dogwifhat has a powerful potential to increase its bullish motion. Each the sign line and the SMA of the indicator are at the moment within the overbought zone, with the sign line trying to cross above the SMA. This means that an extra upside transfer could possibly be imminent for the cryptocurrency.

Potential For A Bigger Rally: What to Watch Out For

As WIF’s value continues to keep up its present resilience above the $1.5 mark, it’s anticipated that the crypto asset may begin a rally towards the subsequent key resistance stage at $2.2. Ought to the value break and shut above this stage, Dogwifhat could proceed its bullish transfer towards the subsequent resistance level at $3.58 and doubtlessly advance to even increased areas.

Nevertheless, if WIF faces resistance on the $2.2 mark and experiences a rejection, it’d start to say no in the direction of the $1.5 stage. When the value breaks under this help, it may sign extra bearish motion, doubtlessly resulting in additional declines towards the $1.02 mark and past.

Dogwifhat

Bitcoin

Analysts Expect $6 Billion Market Cap, 20-Fold Price Increase

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Solana-based meme coin Dogwifhat (WIF) has seen a major value and market capitalization surge over the previous two weeks, recording a 68% enhance in worth throughout this era. WIF reached $2.81 on Monday, marking its highest month-to-month valuation. 

The token’s market cap has additionally skilled important progress, practically doubling in only one month from $1.5 billion to its present market cap of $2.8 billion. Nonetheless, specialists anticipate additional progress in WIF’s market capitalization, probably ensuing within the token surpassing its earlier all-time highs (ATHs).

Bullish Predictions For WIF

After hitting an ATH of $4.83 on March 31, WIF underwent a pointy correction that lasted nearly 4 months, dropping over 50% after hitting a year-low of $1.48 in June. Nonetheless, crypto analyst CryptoSmith says a transfer above the ATH is barely a matter of time. 

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In a current publish on X (previously Twitter), CryptoSmith forecasted a major upward transfer for WIF within the coming months if the present uptrend persists, predicting that earlier than the tip of the yr, particularly between October and November, WIF will obtain a market capitalization of $6 billion. CryptoSmith additional contends, “$WIF will lead this ”meme coin tremendous cycle” to Valhalla.”

Analyzing the token’s market cap of $2.8 billion and its whole provide of 998,926 WIF tokens, a $6 billion market cap predicted by CryptoSmith may ship the token to new highs above the $6 mark.

This could be a brand new milestone for the dog-themed meme coin, with the potential of surpassing the twentieth largest cryptocurrency in the marketplace by market cap, UNI, which has a market valuation of $5.9 billion on the time of writing.

Potential For $28 To $56 Value Surge

Supporting the optimistic outlook, market skilled “Enguin” on X highlights the case for holding WIF and considers it a serious participant within the crypto house, with a market capitalization surpassing cash like Hedera’s HBAR, ATOM, VET and Optimism’s OP token. 

Moreover, the skilled believes three key elements contributing to WIF’s significance are its elevated stability, elevated liquidity by way of a number of change listings, and a “well-established” mindshare appearing as an autonomous advertising pressure. Enguin additional said:

Additionally as a recent new CTO meme from The Folks’s Chain (Solana), there’s a robust narrative for it turning into the #1 canine coin for a brand new period of crypto customers. I’m not married to this concept, however when you think about it an actual chance, a 10-20x from right here is feasible

In keeping with the skilled’s evaluation, a possible 10x surge would take the token to a staggering valuation of $28 per token, whereas a 20x value surge may take WIF’s value as excessive as $56. “Relying on how loopy issues get, it may go even increased,”  Enguin said. 

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Curiously, Enguin additionally predicts a notable progress in market capitalization, just like CryptoSmith’s projection, believing that the meme coin has “probably the greatest possibilities” to achieve the highest 10 largest cryptocurrencies by market capitalization, which might imply progress above the $17 billion mark, just like Toncoin’s (TON) valuation as of this writing. 

WIF
The day by day chart exhibits WIF’s value trending upwards. Supply: WIFUSD on TradingView.com

Featured picture from DALL-E, chart from TradingView.com

Bitcoin

Solana’s Dogwifhat (WIF) Skyrockets 1300% And Claims Forbes’ Best-Performing Crypto Title

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Solana-based meme coin Dogwifhat (WIF) has taken the cryptocurrency market by storm, changing into the best-performing asset within the first half of the 12 months, because the Shiba Inu puppy-inspired token has outperformed Bitcoin’s (BTC) 48% surge since January, making it the highest returner amongst roughly 70 cash with market caps over $1 billion. 

Dogwifhat (WIF) Leads The Pack

In accordance to Forbes, Dogwifhat has emerged because the main performer among the many group of cash, with a market cap of greater than $1 billion, recording a 1,300% acquire from a low of $0.111 since December 2023.

Shut behind is Pepe (PEPE), recording good points of practically 800%. On the identical time, one other meme coin that has considerably elevated is Floki Inu (FLOKI), named after Elon Musk’s Shiba Inu canine, recording a 418% enhance over the identical interval. Equally, Shiba Inu (SHIB) has seen a 67% enhance. 

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Whereas meme cash dominate the highlight, the report notes that a number of tokens outdoors the meme coin realm have additionally showcased exceptional rallies, surpassing Bitcoin’s efficiency. 

ETH, the token of the Ethereum community, is up 51% and is poised for potential good points after the anticipated full approval of the spot Ethereum ETF market, just like Bitcoin, anticipated to be traded within the coming weeks. 

Binance Coin (BNB), issued by the world’s largest crypto change by buying and selling quantity, has additionally surged 81%, outperforming BTC’s worth motion regardless of latest regulatory and authorized challenges confronted by billionaire former CEO Changpeng Zhao (CZ), who’s at present serving a 6-month sentence following a plea cope with US authorities in 2023.

Meme Coin Bonanza

Whereas WIF has grow to be the star performer with a 1,306% enhance, its market cap has additionally made a notable restoration in latest months after shedding a excessive of just about $4 billion to at present attain a market cap of $2.1 billion, which has secured Dogwifhat’s 54th place within the prime 100 cryptocurrencies available on the market. 

Pepe additionally follows behind WIF on this key monetary metric, reaching a market cap of $5 billion. Nevertheless, the 2 are far behind Dogecoin (DOGE) and SHIB’s market cap figures, which at present stand at $17 billion and $10 billion, respectively, being the biggest meme cash within the crypto market. 

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Different cash, equivalent to Synthetic Superintelligence Alliance, additionally outperformed the biggest cryptocurrency available on the market, surging 545% to succeed in a market cap of $3.6 billion throughout the identical interval, whereas Floki skilled a progress of 392% to succeed in a market cap of $1.6 billion following the latest market hunch recorded since March and April highs. 

Dogwifhat
The 1-D chart exhibits WIF’s worth trending upwards. Supply: WIFUSD on TradingView.com

On the time of writing, WIF continues to rally and is buying and selling at $1.899, up over 14% within the final 24 hours. Nevertheless, the meme coin is buying and selling 60% beneath its all-time excessive of $4.83, set in March 2024. 

Featured picture from DALL-E, chart from TradingView.com 

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Dogwifhat Targets New Peaks As WIF Exceeds $2.1 Resistance Level

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Dogwifhat (WIF) has not too long ago achieved a major milestone by breaking via the $2.1 resistance degree, producing bullish sentiment amongst market analysts. This pivotal breakthrough signifies potential for additional upward motion and new highs. 

Analysts are optimistic about WIF’s prospects, forecasting continued energy and momentum available in the market. As WIF surpasses this important threshold, investor curiosity is predicted to rise, driving additional good points and positioning the asset for sustained progress. 

This text analyzes the current bullish sentiment amongst analysts as WIF breaks via the $2.1 resistance degree. It additionally seeks to discover the implications of this breakthrough, together with potential future value targets and market conduct.

Presently, the market capitalization of WIF is over $2.2 billion, with a buying and selling quantity of over $421 million. The cryptocurrency’s value is presently down by 1.68%, buying and selling at roughly $2.26, with its market capitalization down by 1.52%, whereas its buying and selling quantity is up by over 2% prior to now day.

Analyst Sentiment: Optimism Surrounding WIF

On the 4-hour chart, the worth of WIF is actively bullish buying and selling above the 100-day Easy Transferring Common (SMA). As of the time of writing, the worth is trying a retest on the $2.1 mark. Following a retest at this degree, WIF is predicted to renew its upward motion.

The 4-hour Composite Pattern Oscillator means that WIF may transfer in a consolidation method for some time earlier than resuming its upward motion because the sign line seems to be transferring under and above the SMA of the indicator.

In the meantime, on the 1-day chart, the worth of WIF remains to be actively buying and selling under the 100-day SMA and is making a pullback towards the $2.1 mark.

WIF

From the formation of the 1-day Composite Pattern Oscillator, it may be noticed that the worth of  WIF could go bullish because the sign line has made a cross above the SMA of the indicator, and they’re each transferring out of the oversold zone in the direction of the zero line.

Future Eventualities For WIF’s Progress

As of proper now, WIF’s value is making a pullback to the $2.1 mark. If the worth experiences a rejection at this degree, it can start to maneuver upward towards the $3.58 resistance degree. Moreover, a break above this degree could set off WIF to maneuver larger to check the $4.86 resistance degree and presumably transfer on to check different larger ranges.

Nevertheless, if the worth of WIF breaks under the $2.1 mark, it can proceed to say no in the direction of the $1.47 assist degree. The crypto asset could pose an additional decline towards the $0.71 assist degree and different decrease ranges if the $1.47 assist degree is breached.

WIF

Bitcoin

WIF Heading For Rock Bottom? $2.2 Rejection Fuels Further Decline

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Dogwifhat (WIF) is experiencing elevated bearish strain after going through a major rejection on the $2.13 resistance stage. This rejection marks a pivotal second, pushing the worth downward and signaling potential continued losses for the cryptocurrency. 

Market analysts and buyers are intently watching this growth, as the shortcoming to interrupt via the $2.13 barrier underscores prevailing promoting strain. As WIF navigates this difficult part, the main target shifts to figuring out the subsequent help ranges and understanding the broader market implications of this downward development.

The principle goal of this examine is to find out whether or not WIF’s present worth motion will stabilize at important resistance ranges or proceed to say no. Presently, the market capitalization of WIF is over $2 billion, with a buying and selling quantity of over $556 million. The cryptocurrency worth is at present down by 3.45%, buying and selling at roughly $2.04, whereas its market cap and buying and selling quantity are at present up by 0.44% and 30.66% respectively.

Market Evaluation: The Influence Of $2.2 Rejection

On the 4-hour chart, the worth of WIF began a bearish transfer beneath the 100-day Easy Shifting Common (SMA) after the rejection at $2,2. It may be seen that after the rejection, the worth began constructing momentum earlier than dropping. 

The 4-hour chart Relative Power Index (RSI) indicators a bearish transfer for WIF because the sign line of the indicator has began dropping in the direction of the 50% stage.

Additionally, WIF’s worth on the 1-day chart is at present bearish buying and selling beneath the 100-SMA. This bearish transfer, as noticed from the chart, began instantly after the worth skilled a rejection at $2.2, which is now a resistance stage.

WIF

Moreover, the 1-day RSI for the worth of WIF indicators prolonged bearishness. For the reason that sign line on this case continues to be lively beneath 50%, the crypto asset’s worth could decline even additional.

It must be famous that with the formation of WIF’s worth actions and that of the RSI indicator, the worth of WIF could proceed declining towards the $1.47 help stage.

The place Will WIF Discover Stability?

As the worth of WIF prepares for additional decline, there are key help ranges it might need to stabilize. If the coin finds stability on the $1.47 help stage, it would begin to transfer upward once more towards the $2.25 resistance stage. A break above this stage could set off WIF to maneuver increased to check the $3.58 resistance stage and may transfer on to check different increased ranges.

Nonetheless, if WIF fails to seek out stability at $1.47 help and breaks beneath, it would proceed to say no in the direction of the $0.71 help stage. The crypto asset could pose an extra decline towards the $0.26 help if the above-mentioned stage is breached.

WIF

Bitcoin

Pundit Predicts Shiba Inu Competitor Dogwifhat Will Reach $10 Amid Short liquidations

Crypto dealer and analyst Unipcs (Bonk Man) has reiterated his bullish prediction for Dogwifhat (WIF). He made this assertion whereas revealing the sums misplaced by quick merchants because of their bearish sentiment across the meme coin. 

Dogwifhat Headed To $10

Unipcs talked about in an X (previously Twitter) submit that Dogwifhat is “headed to $10” and can by no means drop to as little as $1 once more. He added that the market is presently in a meme coin supercycle, which is why he believes the meme coin can attain such heights. The crypto dealer additionally highlighted how WIF shorts have been “getting squeezed exhausting” and mentioned that is the “means it must be.”

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Supply: X

In addition to Dogwifhat, Unipcs usually has a bullish outlook in the direction of meme cash. He earned a popularity for longing Bonk, one other Solana-based meme coin, with $16,000 in October 2023 and nonetheless holding as on the final time he shared an replace on the commerce. Based mostly on his replace, his unrealized revenue has risen to as excessive as $13.7 million sooner or later. 

Unipcs’s bullishness on meme cash can also be not shocking, contemplating this class of crypto tokens is projected as one of many main narratives in this bull run. It’s also price noting that meme cash Dogwifhat and Pepe (PEPE) are presently this 12 months’s best-performing crypto property among the many high 50 cash by market cap, with year-to-date (YTD) positive factors of over 1,800% and 1,000%, respectively. 

Unipcs isn’t the one one who believes that WIF may rise to $10. One other crypto dealer often called ‘Free’ has additionally reaffirmed on completely different events that the meme coin will nonetheless rise to that worth stage. In the meantime, crypto analyst Bluntz Capital can also be ultra-bullish on Dogwifhat, as he as soon as instructed that the meme coin will flip PEPE and Shiba Inu (SHIB) to turn out to be the second-largest meme coin by market cap, solely behind Dogecoin (DOGE).

This Crypto Analyst Has Different Expectations

Crypto analyst CrediBULL Crypto just lately revealed his bearish expectations for meme cash, together with WIF. He foresees a “meme wipeout,” which might be worse than he initially thought. He added that this incidence would “catch a ton of individuals off guard.” He claimed he would turn out to be a meme coin bull when the time is true, however now is just not the precise time. 

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In a latest video posted on his YouTube channel, CrediBULL Crypto additionally analyzed Dogwifhat. He famous that WIF had considerably moved to the upside, as he rightly predicted in an earlier market replace. Again then, he talked about that he was anticipating the meme coin to rise to $3.8 earlier than it dropped to as little as $1.6.

Nonetheless, in his latest video, he revealed that he received’t be shorting Dogwifhat even when it reaches $3.8. As a substitute, he’ll watch for the meme coin to assert the untapped highs on the $4 vary to validate his bearish expectations. 

On the time of writing, Dogwifhat is buying and selling at round $3, up over 6% within the final 24 hours, in response to knowledge from CoinMarketCap.

Dogwifhat price chart from Tradingview.com (Shiba Inu)
WIF worth at $2.9 | Supply: WIFUSDT on Tradingview.com

Featured picture created with Bulb.io, chart from Tradingview.com