Dogwifhat (WIF) Price Skyrockets Over 20%, Here’s Why

Solana meme coin dogwifhat (WIF) price saw a massive 20% upsurge on Wednesday, preparing for upside momentum as altcoins rebound amid stable Bitcoin price action. The sudden price jump backed by a 70% increase in trading volume sparked accumulation by whales including trader Ansem.

Dogwifhat Saw Multiple Breakouts

Solana-based meme coin dogwifhat has skyrocketed over 20% in the last 24 hours, with the price hitting a 24-hour high of $3.39 on April 24. WIF price witnessed an upsurge after multiple breakouts on Wednesday, analysts even pointed out a possible breakout in the last 24 hours.

Kinda think $WIF sends here pic.twitter.com/KGErfCfSOZ

— The Crypto Dog (@TheCryptoDog) April 23, 2024

After trading sideways for a week, consolidating between $2.8-$3, Dogwifhat (WIF) saw a breakout above the resistance level at $3.1. The 2-week long ascending triangle and resistance level breakout triggered an upside momentum in WIF price to possibly break above the descending trendline. Traders and analysts saw multiple pattern formation and it’s breakout, resulting in a more than 20% jump in WIF price.

Ansem shared trader Bluntz Capital posted on the confirmation of a 2-week long ascending triangle breakout in dogwifhat. This sparked a lot of excitement in the crypto community with investors going bullish on WIF price again. Dogwifhat (WIF) has recorded over 51% rally in April.

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WIF Price Can Rally 35%

WIF price has confirmed a breakout and retested the trendline, giving investors a buy opportunity in WIF price, with an entry at $3.2. This will be the best level to buy dogwifhat meme coin.

WIF price jumped over 20% in the past 24 hours, with the price currently trading at $3.38. The 24-hour low and high are $2.75 and $3.38, respectively. Furthermore, the trading volume has increased by 75% in the last 24 hours, indicating a rise in interest among traders.

The rally can extend to 35% to hit a price of $4.2. However, low trading days can be expected due to crypto market expiry and other macro data this week.

Also Read: Can FTX’s Solana Auction This Week Put Breaks to SOL Price Surge?

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