{"id":20794,"date":"2024-11-15T13:00:53","date_gmt":"2024-11-15T13:00:53","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=20794"},"modified":"2024-11-15T13:00:53","modified_gmt":"2024-11-15T13:00:53","slug":"analysts-bullish-on-dogwifhat-wif-5-target-as-price-retests-4-resistance","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=20794","title":{"rendered":"Analysts Bullish On Dogwifhat (WIF) $5 Target As Price Retests $4 Resistance"},"content":{"rendered":"

Solana-based Memecoin Dogwifhat (WIF) is among the tokens leading the crypto market. The cryptocurrency surged over 40% in the last 24 hours, breaking above the $4 resistance zone following its Coinbase listing. As a result, some market watchers forecasted a massive WIF rally before year-end.<\/p>\n

Dogwifhat Rallies 40% Amid Coinbase Listing<\/h2>\n

Dogwifhat has been one of the best-performing memecoins of this cycle, seeing a 2000% surge to its $4.83 all-time high (ATH) in March. The token led the Solana meme frenzy during Q1 but faced a significant 66% price drop in the following months while the market retraced.<\/p>\n

As the crypto market regained momentum, the token broke above<\/a> the crucial $2 resistance zone, reclaiming this level as Q3 closed. Since Trump\u2019s victory in the US presidential elections, WIF has joined the market\u2019s broader rally, breaking out of an 8-month downtrend.<\/p>\n

WIF\u2019s reclaim of the $3 mark earlier this week fueled investors\u2019 bullish sentiment as the token reached levels not seen since June. Moreover, the cryptocurrency experienced a massive 40% rally in the last 24 hours after being listed on a major crypto exchange.<\/p>\n

On Wednesday, Coinbase announced the listing of Dogwifhat alongside frog-themed memecoin<\/a> PEPE. The news propelled a massive rally for the dog-themed token, sending its price from the $2.93 weekly low to the $4.00 resistance level.<\/p>\n

On Thursday morning, the memecoin rallied toward the $4.30 mark, seeing its highest price since early April. Since the listing news, WIF has tried to turn the $4 resistance into support, briefly losing the level as Bitcoin (BTC) retraced to $87,000.<\/p>\n

Despite the momentary retrace, Dogwifhat remained among the best-performing cryptocurrencies among the top 100 list, seeing a 9.9% increase in the last 24 hours, while the broader market bleed 2.2%.<\/p>\n

WIF To $5 By Christmas Day?<\/h2>\n

Following its massive performance, some market watchers forecasted<\/a> a $5 target for the cryptocurrency. Trader Koala suggested that WIF would see a deviation from its 24-hour $3.90-$4.30 range.<\/p>\n

After the deviation, the analyst stated that the memecoin<\/a> could see a bounce from the range\u2019s lows toward the range highs before moving toward the $5 zone. The token has momentarily recovered from the drop below $4, trading at the range\u2019s lower levels, just 16.4% below its ATH.<\/p>\n

Meanwhile, another market watcher suggested that Dogwifhat could see a rally like Shiba Inu\u2019s (SHIB) 2021 run. X user Sito noted that SHIB rallied 1800% after being listed in Coinbase, reaching its ATH of $0.00008616 42 days later.<\/p>\n

Per the post, WIF could see its surge<\/a> above the $50 mark if it performs similarly to SHIB\u2019s price action post-Coinbase listing. Sito pointed out that this would lead to WIF\u2019s price trading at $52 by Christmas day.<\/p>\n

Moreover, he detailed that SHIB\u2019s listing occurred towards the end of the previous bullish cycle, arguing that dogwifhat\u2019s listing could be \u201ceven more bullish as it would allow for more organic growth.\u201d<\/p>\n

As of this writing, WIF is trading at $4.05, a 71.6% surge in the last seven days.<\/p>","protected":false},"excerpt":{"rendered":"

Solana-based Memecoin Dogwifhat (WIF) is among the tokens leading the crypto market. The cryptocurrency surged over 40% in the last 24 hours, breaking above the $4 resistance zone following its Coinbase listing. As a result, some market watchers forecasted a massive WIF rally before year-end. Dogwifhat Rallies 40% Amid Coinbase Listing Dogwifhat has been one […]<\/p>\n","protected":false},"author":0,"featured_media":20795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-20794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/20794"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20794"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/20794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/20795"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}