Dogwifhat just went crazy and jumped 14% in only 4 hours to $1.34, but this Solana-based meme coin has actually had it tough lately: 7% down in the last week and 30% in the last month. For now, traders will be focusing on the key price levels of the coin. If WIF clears $1.40, this could propel it all the way up to $1.70 or even more than $2. But if it flops, a drop to $0.80 might be on the table.
Will WIF Keep Pumping or Fizzle Out?
Market signals are mixed—EMAs point downward, but the MACD suggests bulls might be creeping back. If buyers step up, WIF could see another run.
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Meanwhile, on the brighter side of Solana, its scaling project Solaxy is gathering steam and snatching nearly $16M in presale funding. With meme coin mania highly palpable and refusing to dissipate, Solaxy is bound to prepare the ground for Solana’s network to cater to increased demand. If this happens, WIF will benefit along with other meme coins built on Solana.
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For now, all eyes are on whether Dogwifhat can break out or this was just a quick flex before another dip.