Shiba

2024

Pepe

Million

dogwifhat

Dogwifhat Price: The meme cryptocurrency has emerged as a high-performance sector in the last two weeks as assets like <a href="https://coingape.com/shiba-inu-lead-spotlights-the-shib-magazines-latest-edition-heres-everything/" rel="noopener noreferrer nofollow">Shiba Inu</a>, <a href="https://coingape.com/markets/dogecoin-price-forecast-how-renewed-meme-coin-hype-could-charge-doge-to-1-in-march/" rel="noopener noreferrer nofollow">Dogecoin</a>, Pepe coin, and Dogwifhat have showcased triple-digital gains. Despite the recent sell-off in the broader market, these managed an immediate rebound to display sustainability at higher prices. Will the recovery momentum push the WIF price to $2.5?
Also Read: <a href="https://coingape.com/wif-crossed-2-amid-shib-doge-5-dip-meme-coin-buzz-continue/" rel="noopener noreferrer nofollow">WIF Crossed $2 Amid SHIB &amp; DOGE’s 5% Dip, Meme Coins Buzz To Continue?</a>
<h2 id="b-here-s-why-dogwifhat-price-is-poised-for-correction-b">Here’s Why Dogwifhat Price is Poised for Correction</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/f/fthnmoI7.png" alt="MEXC:WIFUSDT Chart " width="1946" height="893">
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 Dogwifhat Price| Tradingview
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The Solana-based meme coin <a href="https://coingape.com/dogwifhat-wif-price-rallies-as-binance-announces-listing/" rel="noopener noreferrer nofollow">Dogwifhat</a> entered a more aggressive recovery trend last February as the broader market witnessed a massive inflow in this sector. From the swing low of $0.081, the coin price surged to 151% to reach the current trading price of $0.158. However, the WIF price witnessed additional momentum earlier this week as the world’s largest cryptocurrency exhausted Binance listed this coin.
<blockquote>
 However, with the <a href="https://coingape.com/markets/bitcoin-price-prediction-will-powells-congress-testimony-impact-btcs-12-bounce-back/" rel="noopener noreferrer nofollow">Bitcoin price</a> facing supply pressure from $69000, the <a href="https://coingape.com/wif-crossed-2-amid-shib-doge-5-dip-meme-coin-buzz-continue/" rel="noopener noreferrer nofollow">WID</a> price sparks a new correction from $2.3. Currently trading at $1.88, the coin price retests the Fibonacci retracement level of 23.6%.
</blockquote>
With sustained selling, the pullback may plunge to $1.5 or $1.28 potential support which aligns with the 38.2% and 50% FIB levels respectively. A correction to this degree is still healthy for the Dog-themed coin as buyers would gain sufficient momentum to propel the next leap.
Also Read: <a href="https://coingape.com/trending/top-reasons-why-dogwifhat-might-reach-3-soon/" rel="noopener noreferrer nofollow">Top Reasons Why dogwifhat Might Reach $3 Soon</a>
<h2 id="strong-5-million-bet-on-wif-whales-confidence-signals-bullish-outlook-strong">$5 Million Bet on $WIF: Whales’ Confidence Signals Bullish Outlook</h2>
Two significant whale transactions have captured the attention of the cryptocurrency community, as reported by Lookonchain. The first involved a wallet address, 87Hnwj, purchasing 1.82 million $WIF tokens for 23,400 $SOL, totaling around $3.06 million, at a price of $1.69 per token. Shortly after, another whale, identified by the address GjRacG, acquired 1.15 million $WIF tokens with 14,732 $SOL, equivalent to $1.93 million, at $1.67 each.&nbsp;
These transactions, totaling $5 million for 2.97 million $WIF, highlight strong investor confidence in $WIF’s potential, leveraging the Solana blockchain for these substantial investments. This activity underscores the strategic positions taken by whales in the crypto market, reflecting their bullish outlook on $WIF’s future performance.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> price rose ~40% again today!
 We noticed that 2 whales spent 38,132 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($5M) to buy 2.97M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a>!
 87Hnwj spent 23,400 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($3.06M) to buy 1.82M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> at $1.69.<a href="https://t.co/RE95o1BoJl" rel="noopener noreferrer nofollow">https://t.co/RE95o1BoJl</a>
 GjRacG spent 14,732 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($1.93M) to buy 1.15M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> at $1.67.<a href="https://t.co/pg5mJTArvo" rel="noopener noreferrer nofollow">https://t.co/pg5mJTArvo</a> <a href="https://t.co/PD76cpBbCp" rel="noopener noreferrer nofollow">pic.twitter.com/PD76cpBbCp</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1765314221632590024?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 6, 2024</a>
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<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="b-technical-indicator-b">Technical Indicator&nbsp;</h2>
<ul>
 <li style="font-weight: 400;" aria-level="1">EMAs: The fast-moving 20-and-50 <a href="https://coingape.com/markets/bitcoin-price-prediction-will-powells-congress-testimony-impact-btcs-12-bounce-back/" rel="noopener noreferrer nofollow">EMA</a> slope acts as an additional layer of support for WIF to sustain the recovery trend.</li>
 <li style="font-weight: 400;" aria-level="1">Directional Moving Index: The daily DMI nearing a bearish crossover may reflect the weakening bullish momentum and encourage potential pullback.</li>
</ul>
The post <a href="https://coingape.com/markets/is-dogwifhat-price-to-2-5-accumulation-hints-wifs-peak-is-yet/" rel="noopener noreferrer nofollow">Is Dogwifhat Price Heading to $2.5? Whale Accumulation Hints WIF’s Peak is Yet to Come</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Is Dogwifhat Price Heading to $2.5? Whale Accumulation Hints WIF’s Peak is Yet to Come

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