Pepe

Dogecoin

Shiba Inu

As of now, top crypto meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and others, are experiencing massive <a href="https://news.todayq.com/altcoin-market-cap-drops-30-amid-token-unlocks-flood/" rel="noopener noreferrer nofollow">downside momentum</a>. Amid this downturn in crypto meme coins, Solana-based Dogwifhat (WIF) the world’s 4th biggest meme coin, jumps 7% and stands out from the others according to data from CoinMarketCap. Dogwifhat soars 7% amid DOGE, SHIB, and PEPE downturn 
This massive price surge in WIF tokens comes following the significant $1.58 million long liquidation in the last 24 hours. In contrast, traders experienced $711.47k in short liquidations over the same period according to the data fromCoinglass. This higher liquidation on long positions compared to short positions highlights the bearish sentiment of investors and traders. 
Currently, WIF is trading near $1.71. In the past hour, it experienced a massive 3.2% upside momentum, and in the last 24 hours, it saw an impressive 7% price surge. However, intraday, WIF tokens also made a low of $1.44. Looking at the longer period performance, WIF lost over 28% in the last 7 days. In the past 30 days, WIF tokens experienced a price drop of over 40%.
Besides the WIF price surge, trading volume has also increased by 80% in the last 24 hours, highlighting both investors’ and traders’ interest in WIF tokens. Additionally, WIF open interest has increased by 2.15% in the last 24 hours, which is a positive sign for the WIF token. WIF technical analysis and key levels 
According to expert technical analysis, WIF appears bullish as it is reversing from the support level of $1.61, which it breached yesterday. If the WIF token closes above $1.83 in the coming days, we may see a significant upside momentum. However, a positive market sentiment is necessary to sustain a massive upside move.
The recent activity in WIF and its Solana-based peer, Bonk (BONK), which also experienced a price surge of 2%, signals a potential bullish trend for Solana-based meme coins. This trend could indicate a shifting focus towards Solana-based assets amid the broader market downturn.

Dogwifhat (WIF) jumps 7% while top meme crypto prints red

Todayq News

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