The post WIF Coin Jumps 13% Overnight! Bullish Breakout or Bear Trap? appeared first on Coinpedia Fintech News
Despite increased liquidations in the crypto space, the Solana-based Dogwifhat memecoin has outperformed top altcoins with its impressive rally overnight. Notably, the WIF price today has successfully retested its crucial support level with a bullish recovery of over 13%.
Considering the present market sentiments, is this a good time to invest in WIF memecoin? Or will this altcoin fail to maintain its positive influence and retest its crucial support of $1? Find out now!
WIF Price Records Increased Volatility!
The price of Dogwifhat has jumped 13.79% in 24 hours with a trading volume of $1.107 billion, a change of +221.27%. However, this memecoin has dropped 7.26% in seven days and has a YTD return of -28.69%. This highlights rising uncertainty for the memecoin in the market.
WIF Price Analysis 29th Jan 2025
In the longer time frame, the WIF token has formed a falling channel pattern in the daily time frame and has continued trading within it since December 2024. However, amid ongoing market volatility, it has successfully retested its crucial support, highlighting rising bullish sentiment.
Dogwifhat Technical Sentiments
The Relative Strength Index (RSI) has successfully retested its overbought range in the daily time frame. With its average trendline recording a bullish convergence, the WIF meme coin hints at a positive outlook this week.
On the other hand, the SMA indicator is on the verge of experiencing a positive crossover in the Dogwifhat price chart. This highlights an increase in the buying-over-selling pressure for the WIF token in the cryptocurrency market.
Will WIF Meme Coin Reclaim The $2 Mark?
If the market favors the bulls, the Dogwifhat price will retest its resistance level of $1.725. Maintaining the price above that level could set the stage for this memecoin to head toward its upper price target of $2.350 in the upcoming time.
On the contrary, a bearish reversal could pull the price of WIF token toward its crucial support trendline of $1. Intensified bearish action could result in it plunging toward its new low this year.
Are you one of many planning on stacking this memecoin before the AltSeason this year? Read our Dogwifhat Price Prediction 2025, 2026 – 2030!
FAQs
If the bullish sentiment sustains, the Dogwifhat price will reach a maximum trading value of $3.65 this year.
The WIF memecoin will require a surge of 663.35% in its current valuation to achieve the $10 milestone.
Yes, Dogwifhat is a meme coin built on the Solana chain. Notably, its ticker symbol is “WIF.”
With a 24-hour trading volume of $1.107 billion, the Dogwifhat token is exchanging hands at $1.310.