{"id":639628,"date":"2024-09-04T05:00:43","date_gmt":"2024-09-04T05:00:43","guid":{"rendered":"https:\/\/uniquehot.com\/?p=639628"},"modified":"2024-09-03T17:08:52","modified_gmt":"2024-09-03T17:08:52","slug":"dogwifhat-wif-leads-memecoins-recovery-with-12-jump-is-2-2-the-next-stop","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogwifhat-wif-leads-memecoins-recovery-with-12-jump-is-2-2-the-next-stop\/","title":{"rendered":"Dogwifhat (WIF) Leads Memecoins Recovery With 12% Jump, Is $2.2 The Next Stop?"},"content":{"rendered":"

This cycle\u2019s dog-themed sensation, Dogwifhat (WIF), has become the leading memecoin amid the market\u2019s recovery. The token saw a 12% surge in the early hours of Tuesday, propelling the price above the $1.6 mark. As the memecoin tries to reclaim key support levels, some crypto analysts forecasted WIF\u2019s next targets.<\/p>\n

Related Reading: FET Price Targets $3.4 After Breakout, Here Are The Key Levels To Watch<\/a><\/div>\n

Dogwifhat Leads The Memecoin Recovery<\/h2>\n

Dogwifhat (WIF) became the market sensation in Q1 after leading the memecoin frenzy<\/a>. The token surged to its all-time high (ATH) of $4.83 at the end of March, pushed by the market sentiment and its growing community.<\/p>\n

During its 2,000% growth phase, WIF saw many crypto investors put their hats on, which prompted a massive fundraising campaign to display the memecoin in the Las Vegas Sphere. However, the market fluctuations have driven the token\u2019s price to a decline of over 66% from its ATH.<\/p>\n

The August retraces made WIF\u2019s price drop 28% to a 6-month low of $1.1 before starting its recovery. Since then, it has reclaimed its early August levels, registering a 1% increase from its price one month ago.<\/p>\n

Following the weekend retrace, Dogwifhat saw a price surge of over 12%, reclaiming the $1.5 support zone again. This performance crowned<\/a> the memecoin as the third largest gainer in the top 100 cryptocurrencies by market capitalization.<\/p>\n

Moreover, WIF became the top 10 memecoin with the largest gains in the last 24 hours, followed by Popcat<\/a> (POPCAT) and Floki (FLOKI)\u2019s 9.2% and 7.6% jump.<\/p>\n

WIF Price Targets $2.2<\/h2>\n

As Dogwifhat\u2019s price began to surge on Monday, several market watchers noted that reclaiming the $1.51 support level could push the token\u2019s price to higher levels. To Ameba, a successful breakout<\/a> above the downtrend line would drive WIF\u2019s price to a retest of the next key area of $1.84.<\/p>\n

The analysts suggested the push could also propel the price to the $2.2 price range. Similarly, The Cryptonomist concurred that a strong breakout above $1.5 could see a reclaim of the same resistance level.<\/p>\n

Crypto trader Bluntz emphasized Dogwifhat\u2019s performance as the token retested the $1.6 resistance level on Monday night. To the trader, the cryptocurrency did a \u201cperfect channel retest.\u201d<\/p>\n

\"WIF\"
WIF retests the channel’s lower range. Source: Bluntz on X<\/a><\/figcaption><\/figure>\n

Bluntz highlighted the a,b,c zig-zag pattern in the token\u2019s chart, suggesting that the price could jump to $2.4 as it bounces from the c wave levels. Previously, the trader predicted that WIF\u2019s chart suggested a retrace to the $1 support zone before its next leg up.<\/p>\n

At the time, the memecoin sensation displayed<\/a> a macro five-wave impulse followed by the formation of an a,b,c zig-zag pattern, with the c wave aiming for the $1-$2 price range. Following its most recent performance, the trader considers that investors are not \u201cready for the V reversal that\u2019s about to happen.\u201d<\/p>\n

Nonetheless, crypto analyst Altcoin Sherpa warned investors about WIF\u2019s short-term price action. To the analyst, the token won\u2019t hit ATH anytime soon despite displaying a \u201cdecent\u201d performance in the support region.<\/p>\n

Related Reading: PEPE Open Interest Plunges 72% From ATH, Is A Recovery Imminent?<\/a><\/div>\n

Ultimately, Sherpa considers<\/a> that WIF\u2019s price will \u201cstill see more chop and consolidation\u201d around the $1.44-$1.95 area and advised the community to be patient while the rally resumes. As of this writing, the token is trading at $1.53, a 5.5% surge in the last 24 hours.<\/p>\n

\"WIF,
Dogwifhat (WIF) performance in the three-day chart. Source: WIFUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

This cycle\u2019s dog-themed sensation, Dogwifhat (WIF), has become the leading memecoin amid the market\u2019s recovery. The token saw a 12% surge in the early hours of Tuesday, propelling the price above the $1.6 mark. As the memecoin tries to reclaim key support levels, some crypto analysts forecasted WIF\u2019s next targets. Related Reading: FET Price Targets $3.4 After Breakout, Here Are The Key Levels To Watch Dogwifhat Leads The Memecoin Recovery Dogwifhat (WIF) became the market sensation in Q1 after leading the memecoin frenzy. The token surged to its all-time high (ATH) of $4.83 at the end of March, pushed by the market sentiment and its growing community. During its 2,000% growth phase, WIF saw many crypto investors put their hats on, which prompted a massive fundraising campaign to display the memecoin in the Las Vegas Sphere. However, the market fluctuations have driven the token\u2019s price to a decline of over 66% from its ATH. The August retraces made WIF\u2019s price drop 28% to a 6-month low of $1.1 before starting its recovery. Since then, it has reclaimed its early August levels, registering a 1% increase from its price one month ago. Following the weekend retrace, Dogwifhat saw a price surge of over 12%, reclaiming the $1.5 support zone again. This performance crowned the memecoin as the third largest gainer in the top 100 cryptocurrencies by market capitalization. Moreover, WIF became the top 10 memecoin with the largest gains in the last 24 hours, followed by Popcat (POPCAT) and Floki (FLOKI)\u2019s 9.2% and 7.6% jump. WIF Price Targets $2.2 As Dogwifhat\u2019s price began to surge on Monday, several market watchers noted that reclaiming the $1.51 support level could push the token\u2019s price to higher levels. To Ameba, a successful breakout above the downtrend line would drive WIF\u2019s price to a retest of the next key area of $1.84. The analysts suggested the push could also propel the price to the $2.2 price range. Similarly, The Cryptonomist concurred that a strong breakout above $1.5 could see a reclaim of the same resistance level. Crypto trader Bluntz emphasized Dogwifhat\u2019s performance as the token retested the $1.6 resistance level on Monday night. To the trader, the cryptocurrency did a \u201cperfect channel retest.\u201d Bluntz highlighted the a,b,c zig-zag pattern in the token\u2019s chart, suggesting that the price could jump to $2.4 as it bounces from the c wave levels. Previously, the trader predicted that WIF\u2019s chart suggested a retrace to the $1 support zone before its next leg up. At the time, the memecoin sensation displayed a macro five-wave impulse followed by the formation of an a,b,c zig-zag pattern, with the c wave aiming for the $1-$2 price range. Following its most recent performance, the trader considers that investors are not \u201cready for the V reversal that\u2019s about to happen.\u201d Nonetheless, crypto analyst Altcoin Sherpa warned investors about WIF\u2019s short-term price action. To the analyst, the token won\u2019t hit ATH anytime soon despite displaying a \u201cdecent\u201d performance in the support region. Related Reading: PEPE Open Interest Plunges 72% From ATH, Is A Recovery Imminent? Ultimately, Sherpa considers that WIF\u2019s price will \u201cstill see more chop and consolidation\u201d around the $1.44-$1.95 area and advised the community to be patient while the rally resumes. As of this writing, the token is trading at $1.53, a 5.5% surge in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":639630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[90501,10923,89756,92565,91713,92487,85497,92951,91898,87684,91711,91712],"class_list":["post-639628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-analsyt","tag-crypto-market","tag-crypto-trader","tag-dog-themed-token","tag-dogwifhat","tag-dogwifhat-price","tag-floki","tag-memecoin-frenzy","tag-popcat","tag-solana-memecoin","tag-wif","tag-wifusdt"],"acf":[],"yoast_head":"\nDogwifhat (WIF) Leads Memecoins Recovery With 12% Jump<\/title>\n<meta name=\"description\" content=\"Dogwifhat (WIF) leads the memecoins recovery with its 12% jump to reclaim a key support level, sparking a 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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