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<p>The post <a href="https://coinpedia.org/news/dogwifhat-wif-outshines-top-meme-coins-with-bullish-breakout/" rel="noopener noreferrer nofollow">Dogwifhat (WIF) Outshines Top Meme Coins with Bullish Breakout</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The popular Solana-based meme coin <a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Dogwifhat (WIF)</a> is leading the crypto meme industry. As of August 10, 2024, the overall performance of meme coins is quite dull, including top meme coins Dogecoin (<a href="https://markets.coinpedia.org/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">DOGE</a>), Shiba Inu (<a href="https://markets.coinpedia.org/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">SHIB</a>), and Pepe (<a href="https://markets.coinpedia.org/pepe/" target="_blank" rel="noopener noreferrer nofollow">PEPE</a>) as they experienced a price surge of 0.5%, 1.2%, and 1.35% in the last 24 hours.</p>
<h2 class="wp-block-heading" id="h-wif-price-analysis"><strong>WIF price analysis</strong></h2>
<p>At the same time, WIF has gained massive attention from the crypto community as it experienced a price surge of over 8%. At press time, <a href="https://markets.coinpedia.org/dogwifhat/" target="_blank" rel="noopener noreferrer nofollow">WIF is trading</a> near the $1.81 level and has also reached the $1.94 level in the last 24 hours. Meanwhile, its trading volume has declined by 20% during the same period. This declined trading volume indicates lower participation from traders.&nbsp;</p>
<h3 class="wp-block-heading" id="h-rise-of-open-interest"><strong>Rise of Open Interest</strong></h3>
<p>However, WIF’s open interest is gradually increasing and has increased by over 7% in the last 24 hours, according to an on-chain analytic firm CoinGlass.&nbsp;</p>
<h2 class="wp-block-heading" id="h-dogwifhat-wif-price-prediction"><strong>Dogwifhat (WIF) Price Prediction&nbsp;</strong></h2>
<p>According to expert technical analysis, WIF looks bullish as it recently gave a breakout of a bullish inverted head and should price action pattern on a 4-hour time frame. Additionally, it successfully retested its breakout level as well, which is a bullish sign for WIF.</p>
<figure class="wp-block-image size-large">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/08/10021435/WIFUSDT_2024-08-10_02-03-34-1024x448.png" rel="noopener noreferrer nofollow"><img width="1024" height="448" src="https://image.coinpedia.org/wp-content/uploads/2024/08/10021435/WIFUSDT_2024-08-10_02-03-34-1024x448.png" alt=""></a>
 <figcaption>
  Source: Trading View
 </figcaption>
</figure>
<p>If the market sentiment remains unchanged there is a high possibility that WIF could soar by 25% to the $2.2 level in the coming days. Additionally, it will potentially happen if WIF maintains itself above the $1.65 level. However, in between it might get some resistance near $2 due to the presence of the 200 Expoential Moving Average (EMA).&nbsp;</p>
<h3 class="wp-block-heading" id="h-wif-s-major-liquidation-levels"><strong>WIF’s major liquidation levels</strong></h3>
<p>As of now, WIF’s major liquidation levels are near $1.758 on the lower side and $1.95 level on the upper side.</p>
<p>If the sentiment remains unchanged and WIF’s price reaches to $1.95 level, nearly $12.62 million of short positions will be liquidated. Conversely, if the price falls to the $1.758 level, nearly $3.37 million of long positions will be liquidated.</p>
<p>Also Check Out: <a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Dogwifhat Price Prediction 2024-2030: Will WIF Price Jump To $10 This Year?</a></p>

Dogwifhat (WIF) Outshines Top Meme Coins with Bullish Breakout

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