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<a href="https://bitcoinworld.co.in/dogwifhat-wif-price-jumps-21-as-analysts-see-4-5-price-tag/" title="Dogwifhat (WIF) Price Jumps 21% As Analysts See $4.5 Price Tag" rel="nofollow"></a>
The knitted-hat-wearing canine of the crypto world, <a href="https://bitcoinworld.co.in/dogwifhat-wif-falls-out-of-top-50-tumbles-38-over-past-7-days/">Dogwifhat</a> (WIF), is back in the spotlight with price rising 21%.&nbsp; 
After a price slump in April, WIF has rekindled its meme magic, surging 21% in the past week and reigniting dreams of a $5 price target. 
<figure id="attachment_75873" aria-describedby="caption-attachment-75873" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-75873" src="http://bitcoinworld.co.in/wp-content/uploads/WIF-Price-Chart-7-486x300.png" alt="" width="599" height="370" srcset="https://bitcoinworld.co.in/wp-content/uploads/WIF-Price-Chart-7-486x300.png 486w, https://bitcoinworld.co.in/wp-content/uploads/WIF-Price-Chart-7.png 764w" sizes="(max-width: 599px) 100vw, 599px">
 <figcaption id="caption-attachment-75873" class="wp-caption-text">
 WIF Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
<h3 id="span-style-font-weight-400-wags-and-trades-a-market-rejuvenated-span">Wags And Trades: A Market Rejuvenated</h3> 
The rally has been fueled by a potent cocktail of factors. Renewed interest from traders on both Spot and Derivatives markets has seen WIF’s daily trading volume explode, surpassing a staggering $507 million.&nbsp; 
This surge in liquidity indicates a market eager to jump back on the Dogwifhat bandwagon. 
The party extends to the world of derivatives, with trading volume spiking by 53.9%. The Open Interest (OI) indicator, a gauge of open leveraged positions, also saw a healthy 25% increase, suggesting traders are placing big bets on WIF’s future. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The price of <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> is moving exactly as we predicted and broke the trendline of resistance. 
 Get ready <a href="https://twitter.com/hashtag/Spotters?src=hash&amp;ref_src=twsrc%5Etfw">#Spotters</a>, the target for <a href="https://twitter.com/hashtag/Dogwifhat?src=hash&amp;ref_src=twsrc%5Etfw">#Dogwifhat</a> is $4.5. <a href="https://t.co/RdNCT2JabP">pic.twitter.com/RdNCT2JabP</a> 
 — Market Spotter (@MarketSpotter) <a href="https://twitter.com/MarketSpotter/status/1807665501549547917?ref_src=twsrc%5Etfw">July 1, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
It’s like letting the dogs out after a long nap. The pent-up demand for WIF is finally unleashed, and it’s creating a feeding frenzy. Will this canine-themed meme coin sustain the rally? Maybe. Maybe not. 
<h3 id="span-style-font-weight-400-price-predictions-chasing-a-double-digit-dream-span">Price Predictions: Chasing A Double-Digit Dream</h3> 
Analysts are scrambling to adjust their price targets in light of WIF’s recent bravado.&nbsp; 
<figure id="attachment_75874" aria-describedby="caption-attachment-75874" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-75874" src="http://bitcoinworld.co.in/wp-content/uploads/WIF-market-cap-currently-at-2.3-billion-638x300.png" alt="" width="840" height="395" srcset="https://bitcoinworld.co.in/wp-content/uploads/WIF-market-cap-currently-at-2.3-billion-638x300.png 638w, https://bitcoinworld.co.in/wp-content/uploads/WIF-market-cap-currently-at-2.3-billion-1064x500.png 1064w, https://bitcoinworld.co.in/wp-content/uploads/WIF-market-cap-currently-at-2.3-billion-1277x600.png 1277w, https://bitcoinworld.co.in/wp-content/uploads/WIF-market-cap-currently-at-2.3-billion-768x361.png 768w, https://bitcoinworld.co.in/wp-content/uploads/WIF-market-cap-currently-at-2.3-billion-1536x722.png 1536w, https://bitcoinworld.co.in/wp-content/uploads/WIF-market-cap-currently-at-2.3-billion-2048x962.png 2048w" sizes="(max-width: 840px) 100vw, 840px">
 <figcaption id="caption-attachment-75874" class="wp-caption-text">
 WIF market cap currently at $2.3 billion
 </figcaption>
</figure> 
&nbsp; 
Market Spotter, a popular crypto forecasting firm, has revised its prediction to a conservative $4.50 for WIF in the next bull run. However, some analysts have even bolder visions. 
<a href="https://publish.twitter.com/?query=https%3A%2F%2Ftwitter.com%2FBluntz_Capital%2Fstatus%2F1806823948929360031&amp;widget=Tweet">Bluntz Capita</a>l, the crypto soothsayer who accurately predicted WIF’s bottom in June, is barking up a double-digit price target.&nbsp; 
Citing the Elliott Wave Theory, a technical analysis tool, Bluntz believes WIF is poised for a significant upward trajectory. 
This recent upswing is the first impulsive 5-wave rise the market has seen in months, declared the analyst. This could be the beginning of a truly epic journey for Dogwifhat. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 starting to feel confident <a href="https://twitter.com/search?q=%24wif&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$wif</a> bottom is now in. 
 not only did we get a nice 70% correction from peak to trough down to $1.46, but the structure played out in a long drawn out 3 waves exactly as i wanted to see as outlined in OP. 
 we now also have an impulsive 5 wave rise from… <a href="https://t.co/p5HhwIZz0t">https://t.co/p5HhwIZz0t</a> <a href="https://t.co/2ilQvaMC2c">pic.twitter.com/2ilQvaMC2c</a> 
 — Bluntz (@Bluntz_Capital) <a href="https://twitter.com/Bluntz_Capital/status/1806823948929360031?ref_src=twsrc%5Etfw">June 28, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h3 id="span-style-font-weight-400-memes-and-community-fuel-the-fire-span">Memes And Community Fuel The Fire</h3> 
While technical indicators and charts paint a bullish picture, it’s crucial to remember the heart and soul of Dogwifhat: its vibrant community.&nbsp; 
The passionate army behind WIF continues to keep the meme coin relevant through a constant stream of hilarious dog-themed memes and community airdrops.&nbsp; 
This unwavering support creates a powerful force that can’t be ignored in the often whimsical world of meme coins.

Dogwifhat (WIF) Price Jumps 21% As Analysts See $4.5 Price Tag

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