Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

WIF Poised for 30% Rally, Buy Opportunity or What?

Share This Post

Dogwifhat Price

The post WIF Poised for 30% Rally, Buy Opportunity or What? appeared first on Coinpedia Fintech News

The overall cryptocurrency market sentiment appears to have shifted to an uptrend. Amid this, the popular Solana-based meme coin Dogwifhat (WIF) is poised for a significant upside rally as it is on the verge of a mega breakout. 

Dogwifhat (WIF) Technical Analysis and Upcoming Levels

According to CoinPedia’s technical analysis, WIF, with its impressive price surge reached near its crucial resistance level of $2.95 level. However, this is the third time WIF has reached this level since June 2024. Previously, the meme coin experienced a notable price decline of over 50% after hitting this level.

Source: Trading View

However, this time, sentiment is different as we come near to the presidential election and overall cryptocurrencies are experiencing a notable price surge. If WIF breaks this resistance level and closes a daily candle above the $2.95 level, there is a strong possibility it could soar by 30% to reach the $4 level in the coming days. 

In a four-hour time frame, WIF has already breached this level, but on a daily time frame, it is struggling to close its daily candle above it. Additionally, the meme coin is in an uptrend, as it is trading above the 200-day Exponential Moving Average (EMA).

WIF’s Bullish On-Chain Metrics 

WIF’s positive outlook is further supported by on-chain metrics. According to the on-chain analytics firm Coinglass, WIF’s Long/Short ratio currently stands at 1.03, indicating strong bullish sentiment among traders.

Source: Coinglass

Additionally, its future open interest has skyrocketed by 15% over the past 24 hours and 5.5% over the past four hours. This rising open interest suggests growing traders’ interest in the WIF as it approaches the resistance level. 

Combining these bullish on-chain metrics with the technical analysis, it appears that currently bulls are dominating the asset and may help traders and investors breach that level.

Current Price Momentum 

As of writing, WIF is trading near $2.86 and has experienced a price surge of over 9.5% in the past 24 hours. During the same period, its trading volume jumped by 45%, indicating higher participation from traders compared to the previous day, potentially driven by the bullish outlook.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Solana Bearish Continuation: $118 Support, The Last Barricade Against Deeper Correction

Solana’s price action is flashing warning signs as bearish pressure intensifies, threatening to push the asset below the critical $125 support level Despite previous recovery attempts, sellers

Nigeria’s CBN Calls 5,000 and 10,000 Naira Banknote Report ‘Fake News’

The Central Bank of Nigeria (CBN) has dismissed as fake news a report stating it issued ₦5,000 and ₦10,000 banknotes to enhance cash transactions The CBN said the report, circulating on social

RLUSD joins Ripple Payments platform amid 118% monthly growth

Ripple has integrated RLUSD into its enterprise-grade cross-border payments platform, Ripple Payments, amid a 118% monthly growth in its market cap The move expands US-pegged RLUSD’s utility within

Trump’s Tariffs Target Global ‘Cheating’ as BTC Dips and Stocks Slide After Hours

President Donald Trump announced sweeping reciprocal tariffs on global imports and declared April 2, 2025, “Liberation Day” for American industry, as US stock markets climbed and bitcoin briefly

Gold Rush 2.0: China Unearths Colossal 1,000-Ton Treasure Trove

Geologists have announced the discovery of a massive 1,000-ton gold deposit in northeastern China Deposit Discovery Occurs Amid Gold Rally Chinese geologists recently claimed to have discovered a

Chainlink Consolidates In Triangle Pattern – Is A 35% Breakout Imminent?

Chainlink is currently trading at a crucial demand zone after enduring heavy selling pressure throughout Q1 of this year Like many altcoins, LINK has struggled to recover in the face of broader