bullish

Dogecoin

Pepe

Shiba Inu

View

<p>The post <a href="https://coinpedia.org/news/dogwifhat-wif-outshines-top-meme-coins-with-bullish-breakout/">Dogwifhat (WIF) Outshines Top Meme Coins with Bullish Breakout</a> appeared first on <a href="https://coinpedia.org">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="noreferrer noopener">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="noreferrer noopener">DOGE</a>), Shiba Inu (<a href="https://markets.coinpedia.org/shiba-inu/" target="_blank" rel="noreferrer noopener">SHIB</a>), and Pepe (<a href="https://markets.coinpedia.org/pepe/" target="_blank" rel="noreferrer noopener">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="noreferrer noopener">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"><img decoding="async" 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="" class="wp-image-336659" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/10021435/WIFUSDT_2024-08-10_02-03-34-1024x448.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/10021435/WIFUSDT_2024-08-10_02-03-34-300x131.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/10021435/WIFUSDT_2024-08-10_02-03-34-768x336.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/10021435/WIFUSDT_2024-08-10_02-03-34-1536x672.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/10021435/WIFUSDT_2024-08-10_02-03-34-150x66.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/10021435/WIFUSDT_2024-08-10_02-03-34.png 1824w" sizes="(max-width: 1024px) 100vw, 1024px"></a>
 <figcaption class="wp-element-caption">
  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="noreferrer noopener">Dogwifhat Price Prediction 2024-2030: Will WIF Price Jump To $10 This Year?</a></p>

Dogwifhat (WIF) Outshines Top Meme Coins with Bullish Breakout

Table of Contents

CoinPedia News

Other articles published on Aug 9, 2024

Democratic Party’s New Strategy: ‘Crypto for Harris’ Campaign Focuses on Digital Asset Voters and...

Best 5 Coins to Invest in This Bullrun/ Coins With 100x Minimum Profit

Is Forex trading halal or haram: a beginner's comprehensive guide

Bitcoin’s V-shaped recovery could put BTC on path to new all-time high — Analysts

Solana Incentivizes Memecoin Creators

Must Buy Top 5 Meme Coins As Crypto Market Reclaims $2 Trillion

Join our free newsletter for daily crypto updates!