- WIF ($0.52) could soar by 35% to hit the $2.10-level in the future
- On-chain metrics revealed that 80% of top traders on Binance held long positions, while 20% held short positions
Dogwifhat (WIF), a popular memecoin on the Solana blockchain, has been showing signs of a potential comeback after forming a bullish price pattern on its daily chart.
In fact, the last few weeks have not been favorable for WIF holders, with the altcoin recording a price drop of over 70% since November 2024.
Factors supporting Dogwifhat (WIF) for the bull run
However, considering the prevailing market sentiment, it appears that WIF could soon skyrocket. The factors supporting WIF’s positive outlook include bullish divergence, rising interest from traders, Solana’s recent gains, and its massive adoption.
Dogwifhat (WIF) technical analysis and price prediction
According to AMBCrypto’s analysis, WIF formed a bullish divergence on the daily timeframe at a crucial support level of $1.30. Historically, this support level has been favorable for WIF, as it has recorded significant price surges from over here.
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