Solana-based standard meme coin Dogwifhat (WIF) has surged 15% within the final 24 hours reversing its worth trajectory and transferring in direction of its new all-time excessive above $4.60. This wholesome bounceback comes after every week of WIF price correction in April. As of press time, the Dogwifhat (WIF) worth is buying and selling at $4.14 with a market cap of $4.13 billion. Moreover, the every day buying and selling quantity has additionally surged by 35% to greater than $615 million.
Investor Interest in Dogwifhat Growing Again
Interestingly, after every week of consolidation, present media developments point out that WIF could have reached a possible turning level. Santiment’s Social Dominance metric gathers knowledge from varied media platforms to monitor the extent of media traction surrounding a selected cryptocurrency undertaking.
Following the joy surrounding WIF’s exceptional 505% worth rally in March 2024, media consideration on the undertaking declined within the first week of April. However, within the final 48 hours, WIF’s social dominance has doubled from 0.04% to 0.08%. This means that after every week of stagnant worth motion, Dogwifhat has begun to regain media consideration.
The WIF Price Action
Regarding latest worth actions, the worth of WIF skilled a notable improve of 505% from March 1 to March 31. However, it encountered a subsequent pullback of 33.9% from April 1 to April 6.
For now, the fast worth resistance for Dogwifhat is $4.60 within the close to time period. However, if the bulls handle to take up the promoting stress at this level, we may very well be seeing a decisive breakout within the WIF worth to $6 and much more.
Since its inception final 12 months December 2023, the Dogwifthat worth is already buying and selling at over 2,300% positive factors. A outstanding on-chain metrics and worth forecasting firm has supplied an optimistic outlook for the WIF token. According to a brand new forecast by CoinCodex, the Dogwifhat cryptocurrency might doubtlessly attain $17 in market indices. The projection means that WIF’s buying and selling vary in 2025 might range between $3.68 and $17.43.
The forecast highlights a possible excessive of $17 and a low of $3.6 for WIF. Achieving a worth of $17 would signify a surge of roughly 325% from its present worth of $4.
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