bullish

USDC

Rekt

Coin

<p>The largest holder of the <a href="https://captainaltcoin.com/meme-coin-mania-returns-dogwifhat-wif-price-leads-the-rally-pepe-follows/" target="_blank" rel="noopener noreferrer nofollow">Dogwifhat (WIF) meme coin</a> has once again increased their position, signaling possible bullish momentum. According to Lookonchain, this whale borrowed 2 million USDC from Kamino to purchase an additional 894,854 WIF at $2.24 per token.&nbsp;</p>
<p>Moreover, this move brings their total holdings to 32.1 million WIF, valued at approximately $71 million. The whale has accumulated over $86 million in profits from WIF, raising speculation about the coin’s future performance.</p>
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   <p lang="en" dir="ltr">The largest holder of <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$WIF</a> once again borrowed 2M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDC</a> from <a href="https://twitter.com/hashtag/Kamino?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Kamino</a> to buy 894,854 <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$WIF</a> at $2.24 1 hour ago!<br><br>This whale now holds 32.1M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$WIF</a>($71M), with a total profit of more than $86M!<a href="https://t.co/49FmRw2OgT" target="_blank" rel="noopener noreferrer nofollow">https://t.co/49FmRw2OgT</a> <a href="https://t.co/iRQVidKGxF" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/iRQVidKGxF</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1839279519339094504?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 26, 2024</a>
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<p>Meanwhile, crypto analyst Rekt Capital shared insights into WIF’s recent breakout, suggesting that the token could be on the verge of a significant uptrend.</p>
<h2 class="wp-block-heading" id="strong-expert-predicts-macro-uptrend-for-wif-strong"><strong>Expert Predicts Macro Uptrend for WIF</strong></h2>
<p>In addition to the whale’s move, crypto analyst Rekt Capital posted a tweet analyzing WIF’s recent price action. According to the analyst, WIF has started to break out of a multi-month downtrend, signaling the beginning of a potential macro uptrend.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$WIF</a> <br><br>Dogwifhat is already breaking out since yesterday's video<br><br>WIF is on the cusp of beginning a new Macro Uptrend<br><br>Now breaching its multi-month Downtrend<a href="https://twitter.com/hashtag/WIF?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#WIF</a> <a href="https://twitter.com/hashtag/dogwifhat?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#dogwifhat</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://t.co/PwPJkSRxj9" target="_blank" rel="noopener noreferrer nofollow">https://t.co/PwPJkSRxj9</a> <a href="https://t.co/kaSFRorIGJ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/kaSFRorIGJ</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1839278977170473282?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 26, 2024</a>
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<p>WIF is currently surpassing the upper trendline of a descending wedge pattern according to the chart provided by Rekt Capital. This breakout points to a likely turn from the bearish trend, therefore opening the path for more uptrend.</p>
<p><a href="https://www.techopedia.com/news/wif-price-soars-32-in-seven-days" target="_blank" rel="noopener noreferrer nofollow">The token’s price</a> has already increased 11.14% in the past day and 27.74% over the past week, thereby indicating WIF is acquiring momentum.</p>
<h2 class="wp-block-heading" id="strong-volume-and-price-trends-align-with-breakout-strong"><strong>Volume and Price Trends Align with Breakout</strong></h2>
<p>Rekt Capital’s analysis points to increased trading volume as another indicator of WIF’s breakout. The recent candlestick patterns show a strong push above the key resistance level, indicating that market sentiment may be shifting from bearish to bullish.&nbsp;</p>
<p>If this trend continues, WIF could reach the next resistance level at $3.2276, with $4.5826 as a potential longer-term target.</p>
<p>The rising volume combined with the whale’s substantial accumulation supports the notion that WIF could continue its upward trend. Monitoring the coin’s price action as it moves through critical resistance zones will be crucial.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/kaspa-kas-versus-sui-which-token-is-better-to-buy-right-now/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Kaspa (KAS) Versus SUI: Which Token Is Better to Buy Right Now?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-market-performance-and-future-outlook-strong"><strong>Market Performance and Future Outlook</strong></h2>
<p>Per Coingecko data at press time, <a href="https://www.coingecko.com/en/coins/dogwifhat" target="_blank" rel="noopener noreferrer nofollow">WIF trades at $2.21</a>, with a daily trading volume of over $900 million. The token has shown strong price increases in both short-term and weekly performance, raising expectations for further gains.&nbsp;</p>
<p>While WIF’s price action remains volatile, the recent whale purchase and technical analysis suggest that the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin could be entering a new phase of growth.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/largest-dogwifhat-whale-buys-more-is-wif-meme-coin-set-for-price-surge/" rel="noopener noreferrer nofollow">Largest Dogwifhat Whale Buys More: Is WIF Meme Coin Set for Price Surge?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Largest Dogwifhat Whale Buys More: Is WIF Meme Coin Set for Price Surge?

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