Breaking: Dogwifhat Tanks 13% TodayBuilt on the solana ecosystem, a token embroidering the dog with a hat narrative saw its price tank 13% today amidst general crypto dip.
With the RSI at 39 could more dip be looming ahead. For now the asset is in a steep falling wedge pattern so a reversal could be feasible. Given that SEED_WANDERIN_JIMZIP900:WIF once had an All-time-high of $4.85 rising from an all time low of $0.00002344 representing a whooping +2452405.65% gains, SEED_WANDERIN_JIMZIP900:WIF could pull out such fit again with a market cap of $564.14M this adds more credence to the bullish comeback of $WIF.
dogwifhat Price Live Data
The live dogwifhat price today is $0.574867 USD with a 24-hour trading volume of $627,598,272 USD. We update our WIF to USD price in real-time. dogwifhat is down 12.29% in the last 24 hours. The current CoinMarketCap ranking is #98, with a live market cap of $574,200,548 USD. It has a circulating supply of 998,841,059 WIF coins and the max. supply is not available.
Dogwifhatsignals
Dogwifhat ($WIF) Breaks $1 Psychological Support – What’s Next?Dogwifhat ( SEED_WANDERIN_JIMZIP900:WIF ), the popular Solana-based meme coin, has experienced a sharp decline, breaking below the critical $1 psychological support and trading at $0.829 at the time of writing. This marks a significant 12.42% drop today, pushing SEED_WANDERIN_JIMZIP900:WIF further from its all-time high (ATH) of $4.83 recorded in March 2024.
The recent dip raises concerns among traders and investors, especially after notable crypto figures, including Arthur Hayes, previously speculated that SEED_WANDERIN_JIMZIP900:WIF could surge to $5. However, current market conditions and technical indicators suggest a different scenario.
Technical Analysis
- Support and Resistance Levels: The one-month low is acting as a short-term support zone. A break below this level could push SEED_WANDERIN_JIMZIP900:WIF further down to $0.29, a critical foreseen support level that might stabilize the asset.
- Fibonacci Retracement Levels: The 38.2% Fibonacci retracement level serves as a key pivot point at $1.24. If SEED_WANDERIN_JIMZIP900:WIF can break above this level, we could see a potential rally towards $2.50 and beyond.
- Relative Strength Index (RSI): With SEED_WANDERIN_JIMZIP900:WIF ’s RSI currently approaching oversold levels, traders may see a short-term bounce, but the overall trend remains bearish unless key resistance levels are broken.
Fundamental Analysis
Dogwifhat ( SEED_WANDERIN_JIMZIP900:WIF ) remains a dominant meme coin on the Solana blockchain, enjoying strong community engagement and significant exchange listings. Here’s a look at its market performance:
- Trading Volume: SEED_WANDERIN_JIMZIP900:WIF ’s 24-hour trading volume surged to $1.62 billion, marking a 134.7% increase, signaling heightened trading activity.
- Exchange Listings: Major exchanges like Binance, MEXC, and LBank continue to facilitate active trading, keeping SEED_WANDERIN_JIMZIP900:WIF accessible to a global audience.
- Historical Performance: Despite its recent decline, SEED_WANDERIN_JIMZIP900:WIF remains significantly above its all-time low of $0.001555 recorded in December 2023, reflecting a massive 54,054.03% increase.
Market Sentiment & Outlook
The ongoing bearish sentiment in the broader crypto market has contributed to SEED_WANDERIN_JIMZIP900:WIF ’s decline. However, meme coins often rely on speculative momentum and social engagement, meaning a resurgence is possible if investor sentiment shifts.
Conclusion
Dogwifhat ( SEED_WANDERIN_JIMZIP900:WIF ) faces a critical test after breaching the $1 support. While the short-term outlook appears bearish, traders are closely watching key support and resistance levels to determine the next move. With strong trading activity and major exchange listings, SEED_WANDERIN_JIMZIP900:WIF is still a player in the meme coin space, but investors should tread carefully amid current volatility.
WIFUSD targeting $3.00 on this Channel Down bottom signal.Dogwifhat (WIFUSD) has been trading within a Channel Down pattern on the 1W time-frame, which on the greater scale looks like a giant Bull Flag. Regardless of that, the price almost hit the pattern's bottom (Lower Low trend-line) and with the 1W RSI stabilizing like on the August 05 2024 Low, we should now see that start of its technical Bullish Leg.
The previous Bullish Leg reached marginally above the 0.786 Fibonacci retracement level, so our current Target is $3.000.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Just in: Robinhood Listed Solana Memecoin Dogwifhat ($WIF)Dogwifhat ( CRYPTOCAP:WIF ), the Solana-based memecoin, has taken the spotlight after being listed on Robinhood on November 25, 2024. This milestone marks a pivotal moment, propelling CRYPTOCAP:WIF into mainstream visibility and sparking excitement within the crypto community.
Fundamental Analysis
Dogwifhat’s listing on Robinhood, one of the top US centralized exchanges (CEX), underscores growing institutional interest in memecoins, particularly those on the Solana network. This listing has led to a 7% price surge, with CRYPTOCAP:WIF trading around $4. Analysts anticipate further upward momentum, with targets set at $10 ahead of Thanksgiving.
Trading volume has also skyrocketed, with CRYPTOCAP:WIF registering a 24-hour volume of over $1.4 billion—an increase of 23.9%. This surge reflects heightened market activity and investor confidence. Additionally, the current market cap stands at $3.36 billion, ranking it #47 on CoinGecko, a remarkable feat for a meme token.
Technical Outlook
From a technical standpoint, CRYPTOCAP:WIF is displaying strong bullish signals. The Relative Strength Index (RSI) is currently at 56, indicating room for further growth before entering overbought territory. Notably, CRYPTOCAP:WIF recently emerged from a falling wedge pattern—a bullish reversal indicator. This breakout could propel the price past $4, with $5 as the next key resistance level and $10 within reach.
Adding to the optimism, CRYPTOCAP:WIF has formed a golden cross pattern over the past two weeks, where the short-term moving average crosses above the long-term moving average. This pattern historically signifies the start of a major uptrend. Furthermore, support from prominent figures like Arthur Hayes and the growing DEGEN CULT community provides additional bullish sentiment, reinforcing the expectation of CRYPTOCAP:WIF shaking up the memecoin market.
The Road Ahead
With its Robinhood listing and favorable technical indicators, CRYPTOCAP:WIF is well-positioned to capitalize on the growing interest in Solana-based memecoins. As market conditions align and momentum builds, all signs point toward CRYPTOCAP:WIF breaking new highs, potentially setting the stage for a transformative rally in the memecoin sector.
Investors and traders are watching closely—this might just be the beginning of Dogwifhat’s rise to the top of the memecoin economy. 🚀
WIFUSD is breaking above its 6-month Channel Down and targets 75Dogwifhat (WIFUSD) closed last week above the 1D MA200 (orange trend-line) for the first time since the week of July 22 and hit the top of its 6-month Channel Down. On the long-term cyclical outlook, this Channel Down can technically turn out to be nothing but a Bull Flag in the continuation scale of the Bull Cycle.
If this week's 1W candle manages to close above the Channel Down/ Bull Flag, we expect at least another +6842% rise, similar to its first one, and target $75.000.
The 1W RSI and MACD both support this bullish scenario as the first already broke above its MA line on September 16, while the 1W MACD just completed a Bullish Cross, its first ever.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇