Log Plot...Still expecting more now from crypto overall - I think memes as a whole will do very well and the larger ones find a lot of love going forward.
WIFUSD trade ideas
WIFUSD The frenzy is approaching a technical Resistance.Dogwifhat (WIFUSD) has been the revelation of the last 3 weeks as during that time it grew by more than +1000%. This rally is mostly euphoria driven and the frenzy may very well push even higher. But we can't neglect the technical Resistance levels along the way.
The strongest of them is the top (Higher Highs trend-line) of the Channel Up pattern since it first started trading. The 1D MACD formed a Bearish into Bullish Cross pattern and last time we saw this was on January 25 2024, when the price started pulling back. In that sense, a short-term correction back to the 1D MA50 (blue trend-line) and Support 1 (1.01500) is a realistic scenario if the market is to find new buyers.
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Dogwifhat ($WIF) Hits All-Time high Dogwifhat ($WIF) has emerged as a standout performer, achieving an all-time high fueled by a remarkable surge of over 250% in the past week. This Solana-based memecoin, launched just three months ago, has captured the attention of investors and enthusiasts alike as it defies expectations and continues its meteoric rise.
A Memecoin Phenomenon:
Dogwifhat's ($WIF) journey from its humble beginnings, trading at $0.0045 upon launch, to its current valuation surpassing $1, epitomizes the volatile yet enticing nature of meme coins in the crypto market. The latest surge towards $1.13 signifies a newfound fervor surrounding the token, propelled by the ongoing bull market and heightened activity in the memecoin sector.
Market Dynamics and Whale Accumulation:
The recent rally in $WIF's price can be attributed to several factors, including the overall bullish sentiment in the crypto market, particularly within the memecoin segment. As the crypto market cap swells by 2.6%, with memecoin market growth reaching $37.8 billion, Dogwifhat stands out as a prime beneficiary of this surge.
Moreover, the listing of Dogwifhat ($WIF) on Robinhood has further catalyzed its momentum, resulting in a significant increase in trading volume. However, it's the whale movements that have truly accelerated WIF's price hike, with a Solana whale purchasing a staggering $1.34 million worth of WIF tokens shortly after the Robinhood listing.
Surpassing Milestones:
With a current market cap exceeding $1.1 billion, Dogwifhat ($WIF) has surpassed notable competitors like FLOKI and CorgiAi to claim its position as the fifth-largest meme coin in the market. This achievement underscores the growing prominence and potential of Dogwifhat ($WIF) within the crypto ecosystem, as it continues to captivate investors and solidify its presence.
Looking Ahead:
As Dogwifhat's ($WIF) ascent shows no signs of slowing down, investors and analysts alike are closely monitoring its trajectory. With its robust performance, strategic listings, and whale accumulation driving its growth, Dogwifhat ($WIF) is poised to carve out a prominent niche within the ever-expanding landscape of meme coins.
In conclusion, Dogwifhat's ($WIF) remarkable journey from obscurity to prominence serves as a testament to the dynamism and potential of meme coins in the crypto market. As it continues to ride the waves of success, Dogwifhat ($WIF) stands as a beacon of innovation and opportunity, reshaping the narrative of memetic assets in the digital age.
WIF NEW UPDATE (4H)This analysis is an update of the analysis that you can see at the bottom of this page, in the related analysis section
The resistance of the previous analysis was cleared and a flip zone was created for us.
Examining the waves, it looks like we have a diametric that has now ended wave C and entered wave D of this diametric.
Each wave of this diametric is between 19 and 12 days.
By maintaining the flip range, we expect a rise from WIF
