dogwifhat (WIF) Price Hits A New All-time High! What’s Next For WIF?

The post dogwifhat (WIF) Price Hits A New All-time High! What’s Next For WIF? appeared first on Coinpedia Fintech News

The newest memecoin of the Solana ecosystem continues to display a sensational price pump by adding significant value to its portfolio over the past few weeks. With the present market sentiments, investors consider it the next Bonk coin, which had recorded a surge of over 10,000% during the previous year.

The dogwifhat price has added 137.50% within the past seven days and 900% over the past 30 days. The current return on investment on this token stands at around 3,200%.

dogwifhat Token Reclaims $2 Mark!

The WIF coin price traded in a closed range between $0.2820 and $0.4644 for a brief period, indicating a controlled price action for the coin. As the market volatility grew, the dogwifhat price recorded a jump of over 152% within the next three days.

After trading sideways for a while, the bulls regained momentum and jumped over 153% in valuation, following which the WIF token traded in a closed range for about a week. The bulls then lost momentum and recorded a correction in the chart.

TradingView: WIF/USDT

After testing its low of $1.00, the bulls regained momentum and recorded a jump of 123.4% before facing rejection above the $2 mark. The token then traded under a bearish influence and lost approximately 25%, following which it traded sideways for a while. Recently, the bulls successfully broke out of the resistance level and have been displaying a bullish trend.

The technical indicator, MACD, shows a rising green histogram, indicating an increase in the buying-over-selling pressure in the crypto industry. Further, the averages display a bullish convergence, suggesting the price will continue gaining value in the coming days.

Will WIF Price Hit $3 Soon?

If the bulls continue to gain power, the price will test its resistance level of $2.50 soon. Further, if the bulls maintain the price at that level, it will set the stage for the dogwifhat token to prepare to test its upper resistance level of $3 by the weekend.

Negatively, if the bears overpowered the bulls, the price would lose momentum and fall to test its support level of $2. Moreover, if the bears continue to hold power over the bulls, it will continue to bleed and prepare to test its lower support level of $1.50.