{"id":645008,"date":"2024-09-27T21:30:06","date_gmt":"2024-09-27T21:30:06","guid":{"rendered":"https:\/\/www.wncen.com\/?p=645008"},"modified":"2024-09-27T12:40:53","modified_gmt":"2024-09-27T12:40:53","slug":"dogwifhat-rally-1600-jump","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/meme-coin\/dogwifhat-rally-1600-jump\/","title":{"rendered":"Dogwifhat Rally Far From Over As Analysts Predicts 1,600% Jump"},"content":{"rendered":"

Shiba Inu Killer <\/span>Dogwifhat (WIF) has rallied substantially<\/span><\/a> since the middle of September. Notably, the meme coin has rallied by about 32% in the past seven days, allowing it to outperform many cryptocurrencies and meme coins. Notably, this rally has prompted many bullish forecasts for the cryptocurrency.\u00a0<\/span><\/p>\n

Dogwifhat Back In The Spotlight<\/h2>\n

Dogwifhat\u2019s rise to prominence began in early 2024, as the meme coin community embraced it as a \u201cShiba Inu Killer.\u201d Dogwifhat, which started the year around $0.15, was shot into the spotlight in March and April as part of the craze surrounding Solana-based meme coins in the first half of 2024. This saw the meme coin surging by over 3,100% to peak at $4.84. Although the meme coin’s price has corrected since then, it continues to be <\/span>popular among meme coin investors<\/span><\/a> and is supported by a strong online community.<\/span><\/p>\n

Related Reading: Historical Trends Put Bitcoin At $400,000 With Shocking Timeline<\/a><\/div>\n

Dogwifhat has posted incredible gains in September and is currently up by 9.5% in the past 24 hours. Renowned crypto analyst Rekt Capital suggests that Dogwifhat\u2019s recent breakout of its multi-month downtrend is just the beginning. According to him, this move is one of the first signals of a broader altcoin rally, which he forecasted in a previous analysis. Furthermore, the analyst noted that WIF is on the cusp of beginning a new macro uptrend.<\/span><\/p>\n

\n

The only other time $WIF<\/a> broke out of it’s downtrend and flipped the 4H 200’s was back in February.<\/p>\n

After that the price of $WIF<\/a> gained 1600% over the course of 48 days.<\/p>\n

Looks like we’re about to find out if history does repeat itself. pic.twitter.com\/MhvWjHA9SS<\/a><\/p>\n

\u2014 Sito (@0xyusu) September 26, 2024<\/a><\/p><\/blockquote>\n

Adding to the positive sentiment, another crypto expert, Gumshoe, <\/span>highlighted a key<\/span><\/a> development in WIF\u2019s market activity. According to him, $35 million worth of Dogwifhat has been transferred from crypto exchange Binance into self-custody wallets in the past seven days. Such withdrawal transfers suggest growing investor confidence in holding WIF long-term.<\/span><\/p>\n

According to a WIFUSDT chart posted on social media platform X by another crypto trader going by the name Sito, WIF’s breakout has seen the crypto flipping the 4-hour 200-moving average. The last time this technical move occurred was back in February, and it led to a staggering 1,600% gain over 48 days. Sito speculated that if history were to repeat itself, Dogwifhat could once again experience a massive price surge, potentially reaching $25 in the coming weeks.<\/span><\/p>\n

\n

The only other time $WIF<\/a> broke out of it’s downtrend and flipped the 4H 200’s was back in February.<\/p>\n

After that the price of $WIF<\/a> gained 1600% over the course of 48 days.<\/p>\n

Looks like we’re about to find out if history does repeat itself. pic.twitter.com\/MhvWjHA9SS<\/a><\/p>\n

\u2014 Sito (@0xyusu) September 26, 2024<\/a><\/p><\/blockquote>\n

What\u2019s Next For Dogwifhat?<\/h2>\n

At the time of writing, Dogwifhat (WIF) is trading at $2.4. Replicating a 1,600% jump might be more challenging this time around. Given the current price levels, it would require a much larger influx of capital to achieve such a dramatic increase in value compared to earlier this year.<\/span><\/p>\n

Related Reading: Crypto Analyst Predicts What Will Drive The Ethereum Price Back Above $3,000 Again<\/a><\/div>\n

However, this doesn’t take away the fact that the meme coin is at the cusp of a continued momentum to the upside. The first step is breaking above a July order block around $2.665. A successful break above this would set the stage for additional price gains up until its recent all-time high of $4.84.<\/span><\/p>\n

\"Dogwifhat
WIF price continues bullish rally | Source: WIFUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Shiba Inu Killer Dogwifhat (WIF) has rallied substantially since the middle of September. Notably, the meme coin has rallied by about 32% in the past seven days, allowing it to outperform many cryptocurrencies and meme coins. Notably, this rally has prompted many bullish forecasts for the cryptocurrency.\u00a0 Dogwifhat Back In The Spotlight Dogwifhat\u2019s rise to prominence began in early 2024, as the meme coin community embraced it as a \u201cShiba Inu Killer.\u201d Dogwifhat, which started the year around $0.15, was shot into the spotlight in March and April as part of the craze surrounding Solana-based meme coins in the first half of 2024. This saw the meme coin surging by over 3,100% to peak at $4.84. Although the meme coin’s price has corrected since then, it continues to be popular among meme coin investors and is supported by a strong online community. Related Reading: Historical Trends Put Bitcoin At $400,000 With Shocking Timeline Dogwifhat has posted incredible gains in September and is currently up by 9.5% in the past 24 hours. Renowned crypto analyst Rekt Capital suggests that Dogwifhat\u2019s recent breakout of its multi-month downtrend is just the beginning. According to him, this move is one of the first signals of a broader altcoin rally, which he forecasted in a previous analysis. Furthermore, the analyst noted that WIF is on the cusp of beginning a new macro uptrend. The only other time $WIF broke out of it’s downtrend and flipped the 4H 200’s was back in February. After that the price of $WIF gained 1600% over the course of 48 days. Looks like we’re about to find out if history does repeat itself. pic.twitter.com\/MhvWjHA9SS \u2014 Sito (@0xyusu) September 26, 2024 Adding to the positive sentiment, another crypto expert, Gumshoe, highlighted a key development in WIF\u2019s market activity. According to him, $35 million worth of Dogwifhat has been transferred from crypto exchange Binance into self-custody wallets in the past seven days. Such withdrawal transfers suggest growing investor confidence in holding WIF long-term. According to a WIFUSDT chart posted on social media platform X by another crypto trader going by the name Sito, WIF’s breakout has seen the crypto flipping the 4-hour 200-moving average. The last time this technical move occurred was back in February, and it led to a staggering 1,600% gain over 48 days. Sito speculated that if history were to repeat itself, Dogwifhat could once again experience a massive price surge, potentially reaching $25 in the coming weeks. The only other time $WIF broke out of it’s downtrend and flipped the 4H 200’s was back in February. After that the price of $WIF gained 1600% over the course of 48 days. Looks like we’re about to find out if history does repeat itself. pic.twitter.com\/MhvWjHA9SS \u2014 Sito (@0xyusu) September 26, 2024 What\u2019s Next For Dogwifhat? At the time of writing, Dogwifhat (WIF) is trading at $2.4. Replicating a 1,600% jump might be more challenging this time around. Given the current price levels, it would require a much larger influx of capital to achieve such a dramatic increase in value compared to earlier this year. Related Reading: Crypto Analyst Predicts What Will Drive The Ethereum Price Back Above $3,000 Again However, this doesn’t take away the fact that the meme coin is at the cusp of a continued momentum to the upside. The first step is breaking above a July order block around $2.665. A successful break above this would set the stage for additional price gains up until its recent all-time high of $4.84. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":645050,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89205],"tags":[91713,92355,92487,91711,92357,92149,92356,91712],"class_list":["post-645008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-meme-coin","tag-dogwifhat","tag-dogwifhat-news","tag-dogwifhat-price","tag-wif","tag-wif-news","tag-wif-price","tag-wifusd","tag-wifusdt"],"acf":[],"yoast_head":"\nDogwifhat Rally Far From Over As Analysts Predicts 1,600% Jump<\/title>\n<meta name=\"description\" content=\"Shiba Inu Killer Dogwifhat (WIF) has rallied substantially since the middle of September, rallying by about 32% in the past seven days.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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