🚀 Dogwifhat Price Breaks Out
Dogwifhat (WIF) surged for three consecutive days, hitting a five-month high of $3.21, marking a 187% increase from its August low. Analysts are predicting more gains ahead as the broader crypto market rallies, with Bitcoin holding above $82,000.
📈 Analysts Predict Major Rally
Crypto analyst Bitforce predicts WIF could reach $100, implying a 3,233% increase. This forecast is fueled by the ongoing bull run, reminiscent of other recent surges like X Empire’s 3,300% spike. Meanwhile, analyst Dylan sees WIF hitting $4 by December, supported by inverse head & shoulders and harmonic chart patterns.
🐕 Meme Coin Momentum
Dogwifhat is benefiting from inflows into Solana meme coins, with tokens like Bonk, Popcat, and GOAT seeing gains of 43%, 30%, and 71%, respectively. CoinGecko data shows the total market cap for Solana meme coins has risen to $15.7 billion.
🔥 WIF Price Analysis
WIF recently flipped the crucial resistance level at $2.97, invalidating a double-top pattern. The next target is $4.08, about 35% above current levels, aligning with the 78.2% Fibonacci retracement. For WIF to hit $100, it must first surpass its all-time high of $4.86.
⚠️ Key Support Levels
The bullish outlook could shift if WIF falls below $1.88, breaking the neckline of the double-top pattern and its ascending trendline since August.
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