{"id":653193,"date":"2024-11-15T13:00:53","date_gmt":"2024-11-15T13:00:53","guid":{"rendered":"https:\/\/wncen.com\/?p=653193"},"modified":"2024-11-14T18:07:18","modified_gmt":"2024-11-14T18:07:18","slug":"analysts-bullish-on-dogwifhat-wif-5-target-as-price-retests-4-resistance","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/analysts-bullish-on-dogwifhat-wif-5-target-as-price-retests-4-resistance\/","title":{"rendered":"Analysts Bullish On Dogwifhat (WIF) $5 Target As Price Retests $4 Resistance"},"content":{"rendered":"

Solana-based Memecoin Dogwifhat (WIF) is among the tokens leading the crypto market. The cryptocurrency surged over 40% in the last 24 hours, breaking above the $4 resistance zone following its Coinbase listing. As a result, some market watchers forecasted a massive WIF rally before year-end.<\/p>\n

Related Reading: Market \u2018Pricing In A Higher Fair Value\u2019 For Bitcoin As Price Discovery Continues<\/a><\/div>\n

Dogwifhat Rallies 40% Amid Coinbase Listing<\/h2>\n

Dogwifhat has been one of the best-performing memecoins of this cycle, seeing a 2000% surge to its $4.83 all-time high (ATH) in March. The token led the Solana meme frenzy during Q1 but faced a significant 66% price drop in the following months while the market retraced.<\/p>\n

As the crypto market regained momentum, the token broke above<\/a> the crucial $2 resistance zone, reclaiming this level as Q3 closed. Since Trump\u2019s victory in the US presidential elections, WIF has joined the market\u2019s broader rally, breaking out of an 8-month downtrend.<\/p>\n

WIF\u2019s reclaim of the $3 mark earlier this week fueled investors\u2019 bullish sentiment as the token reached levels not seen since June. Moreover, the cryptocurrency experienced a massive 40% rally in the last 24 hours after being listed on a major crypto exchange.<\/p>\n

On Wednesday, Coinbase announced the listing of Dogwifhat alongside frog-themed memecoin<\/a> PEPE. The news propelled a massive rally for the dog-themed token, sending its price from the $2.93 weekly low to the $4.00 resistance level.<\/p>\n

On Thursday morning, the memecoin rallied toward the $4.30 mark, seeing its highest price since early April. Since the listing news, WIF has tried to turn the $4 resistance into support, briefly losing the level as Bitcoin (BTC) retraced to $87,000.<\/p>\n

Despite the momentary retrace, Dogwifhat remained among the best-performing cryptocurrencies among the top 100 list, seeing a 9.9% increase in the last 24 hours, while the broader market bleed 2.2%.<\/p>\n

WIF To $5 By Christmas Day?<\/h2>\n

Following its massive performance, some market watchers forecasted<\/a> a $5 target for the cryptocurrency. Trader Koala suggested that WIF would see a deviation from its 24-hour $3.90-$4.30 range.<\/p>\n

After the deviation, the analyst stated that the memecoin<\/a> could see a bounce from the range\u2019s lows toward the range highs before moving toward the $5 zone. The token has momentarily recovered from the drop below $4, trading at the range\u2019s lower levels, just 16.4% below its ATH.<\/p>\n

Meanwhile, another market watcher suggested that Dogwifhat could see a rally like Shiba Inu\u2019s (SHIB) 2021 run. X user Sito noted that SHIB rallied 1800% after being listed in Coinbase, reaching its ATH of $0.00008616 42 days later.<\/p>\n

Related Reading: Dogecoin Frenzy Arrives In Korea: \u2018Kimchi Premium\u2019 Returns Amid DOGE\u2019s 110% Rally<\/a><\/div>\n

Per the post, WIF could see its surge<\/a> above the $50 mark if it performs similarly to SHIB\u2019s price action post-Coinbase listing. Sito pointed out that this would lead to WIF\u2019s price trading at $52 by Christmas day.<\/p>\n

Moreover, he detailed that SHIB\u2019s listing occurred towards the end of the previous bullish cycle, arguing that dogwifhat\u2019s listing could be \u201ceven more bullish as it would allow for more organic growth.\u201d<\/p>\n

As of this writing, WIF is trading at $4.05, a 71.6% surge in the last seven days.<\/p>\n

\"dogwifhat,
Dogwifhat’s performance in the three-day chart. Source: WIFUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Solana-based Memecoin Dogwifhat (WIF) is among the tokens leading the crypto market. The cryptocurrency surged over 40% in the last 24 hours, breaking above the $4 resistance zone following its Coinbase listing. As a result, some market watchers forecasted a massive WIF rally before year-end. Related Reading: Market \u2018Pricing In A Higher Fair Value\u2019 For Bitcoin As Price Discovery Continues Dogwifhat Rallies 40% Amid Coinbase Listing Dogwifhat has been one of the best-performing memecoins of this cycle, seeing a 2000% surge to its $4.83 all-time high (ATH) in March. The token led the Solana meme frenzy during Q1 but faced a significant 66% price drop in the following months while the market retraced. As the crypto market regained momentum, the token broke above the crucial $2 resistance zone, reclaiming this level as Q3 closed. Since Trump\u2019s victory in the US presidential elections, WIF has joined the market\u2019s broader rally, breaking out of an 8-month downtrend. WIF\u2019s reclaim of the $3 mark earlier this week fueled investors\u2019 bullish sentiment as the token reached levels not seen since June. Moreover, the cryptocurrency experienced a massive 40% rally in the last 24 hours after being listed on a major crypto exchange. On Wednesday, Coinbase announced the listing of Dogwifhat alongside frog-themed memecoin PEPE. The news propelled a massive rally for the dog-themed token, sending its price from the $2.93 weekly low to the $4.00 resistance level. On Thursday morning, the memecoin rallied toward the $4.30 mark, seeing its highest price since early April. Since the listing news, WIF has tried to turn the $4 resistance into support, briefly losing the level as Bitcoin (BTC) retraced to $87,000. Despite the momentary retrace, Dogwifhat remained among the best-performing cryptocurrencies among the top 100 list, seeing a 9.9% increase in the last 24 hours, while the broader market bleed 2.2%. WIF To $5 By Christmas Day? Following its massive performance, some market watchers forecasted a $5 target for the cryptocurrency. Trader Koala suggested that WIF would see a deviation from its 24-hour $3.90-$4.30 range. After the deviation, the analyst stated that the memecoin could see a bounce from the range\u2019s lows toward the range highs before moving toward the $5 zone. The token has momentarily recovered from the drop below $4, trading at the range\u2019s lower levels, just 16.4% below its ATH. Meanwhile, another market watcher suggested that Dogwifhat could see a rally like Shiba Inu\u2019s (SHIB) 2021 run. X user Sito noted that SHIB rallied 1800% after being listed in Coinbase, reaching its ATH of $0.00008616 42 days later. Related Reading: Dogecoin Frenzy Arrives In Korea: \u2018Kimchi Premium\u2019 Returns Amid DOGE\u2019s 110% Rally Per the post, WIF could see its surge above the $50 mark if it performs similarly to SHIB\u2019s price action post-Coinbase listing. Sito pointed out that this would lead to WIF\u2019s price trading at $52 by Christmas day. Moreover, he detailed that SHIB\u2019s listing occurred towards the end of the previous bullish cycle, arguing that dogwifhat\u2019s listing could be \u201ceven more bullish as it would allow for more organic growth.\u201d As of this writing, WIF is trading at $4.05, a 71.6% surge in the last seven days. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":649135,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,27476,26263,10923,91713,93305,92951,88145,87684,92653,91711,91712],"class_list":["post-653193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-coinbase-listing","tag-crypto-analyst","tag-crypto-market","tag-dogwifhat","tag-dogwifhat-bullish","tag-memecoin-frenzy","tag-pepe","tag-solana-memecoin","tag-solana-token","tag-wif","tag-wifusdt"],"acf":[],"yoast_head":"\nDogwifhat (WIF) Retests $4 Resistance, Is $5 The Next Target?<\/title>\n<meta name=\"description\" content=\"An analyst suggests a massive surge for Dogwifhat by christmas day after its Coinbase 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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