The price of the Solana meme coin, dogwifhat (WIF), surged by more than 20% today.
Numerous chart patterns, notably the descending trendline breakout, saw significant WIF price breakouts.
The price of WIF may reach its prior peak of $4.2.
The price of the Solana meme coin, dogwifhat (WIF), surged by a whopping 20% on Wednesday, setting the stage for more gains as altcoins stabilized the price of Bitcoin. Whales, notably trader Ansem, began accumulating due to the abrupt price spike, supported by a 70% rise in trading volume.
Dogwifhat Saw Several Emergencies
Dogwifhat, a meme coin headquartered in Solana, has surged by more than 20% in the past day, reaching a 24-hour peak of $3.39 on April 24. After many breakouts on Wednesday, the price of WIF saw a spike; analysts even predicted a potential breakout on the previous day.
Kinda think $WIF sends here pic.twitter.com/KGErfCfSOZ
— The Crypto Dog 📈 (@TheCryptoDog) April 23, 2024
Following a week of sideways trading and consolidation in the $2.8–$3 range, Dogwifhat (WIF) experienced a breach above the $3.1% resistance level. The resistance level breakout and two-week-old ascending triangle gave the WIF price an upward push that may have allowed it to break above the falling trendline. The numerous pattern creations and breakouts that traders and experts witnessed caused the price of WIF to rise by more than 20%.
Ansem shared that trader Bluntz Capital announced that an ascending triangle breakout in dogwifhat that lasted two weeks had been confirmed. The cryptocurrency community was very excited by this, and investors began to feel optimistic about the price of WIF once more. In April, Dogwifhat (WIF) saw a more than 51% surge.
WIF Price Is Up 35%.
Since the WIF price has validated a breakout and retested the trendline, investors can now purchase WIF for $3.2. At this level, the best time to purchase Dogwifhat Meme Coin will be.
The price of WIF has increased by more than 20% in the last day, and it is presently trading at $3.38. The 24-hour high is $3.38, while the low is $2.75. In addition, there has been a 75% increase in trading volume over the past day, suggesting that traders are becoming more interested.
Extending the rise to 35% can reach the price of $4.2. However, given this week’s macro data and the expiry of the cryptocurrency market, low trading days are to be expected.
