Dogwifhat (WIF) Price Jumps 15% With Trend Reversal Eyeing New All-Time High

Solana-based well-liked meme coin Dogwifhat (WIF) has surged 15% within the final 24 hours reversing its value trajectory and shifting in the direction of its new all-time excessive above $4.60. This wholesome bounceback comes after per week of WIF price correction in April. As of press time, the Dogwifhat (WIF) value is buying and selling at $4.14 with a market cap of $4.13 billion. Furthermore, the each day buying and selling quantity has additionally surged by 35% to greater than $615 million.

Investor Curiosity in Dogwifhat Rising Once more

Apparently, after per 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 trace the extent of media traction surrounding a selected cryptocurrency venture.

Following the thrill surrounding WIF’s outstanding 505% value rally in March 2024, media consideration on the venture declined within the first week of April. Nevertheless, within the final 48 hours, WIF’s social dominance has doubled from 0.04% to 0.08%. This implies that after per week of stagnant value motion, Dogwifhat has begun to regain media consideration.

The WIF Worth Motion

Relating to latest value actions, the worth of WIF skilled a notable enhance of 505% from March 1 to March 31. Nevertheless, it encountered a subsequent pullback of 33.9% from April 1 to April 6.

For now, the speedy value resistance for Dogwifhat is $4.60 within the close to time period. Nevertheless, if the bulls handle to soak up the promoting stress at this level, we might be seeing a decisive breakout within the WIF value to $6 and much more.

Since its inception final yr December 2023, the Dogwifthat value is already buying and selling at over 2,300% positive factors. A outstanding on-chain metrics and value forecasting firm has provided an optimistic outlook for the WIF token. In response to a brand new forecast by CoinCodex, the Dogwifhat cryptocurrency may probably attain $17 in market indices. The projection means that WIF’s buying and selling vary in 2025 may range between $3.68 and $17.43.

The forecast highlights a possible excessive of $17 and a low of $3.6 for WIF. Attaining a value of $17 would signify a surge of roughly 325% from its present worth of $4.

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Bhushan is a FinTech fanatic and holds an excellent aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in the direction of the brand new rising Blockchain Know-how and Cryptocurrency markets. He’s repeatedly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and generally discover his culinary abilities.

The offered content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty on your private monetary loss.