Dogwifhat Price Soars with $800 Million Volume – Could WIF Reach $10?
As meme coin markets make a strong comeback, Dogwifhat price has surged with a massive $800 million trading volume. With speculations on whether WIF will reach $10, investors are also eyeing potentially more lucrative opportunities in the July market.
This article will provide an analysis of WIF’s current price trends and look to see whether an innovative new meme coin, Pepe Unchained, represents a more promising investment opportunity at this time.
$WIF previously had huge upside within' the span of 2 months and according to this fractal it tops at around $37. This roughly coincides with filling the Binance spot wick at $42 so we'll see what happens. pic.twitter.com/pr8DbzmPX1
— Eggroll (@Eggroll35) July 18, 2024
Many traders are anticipating considerable upside for WIF in the coming months, with fractal patterns suggesting a push-up well above $40.
However, this remains an illusive prospect as Dogwifhat already has a considerably large market cap at $2,389,725,026 – meaning the prospect to hit $40 would be contingent on a 17x growth in market cap to a jaw-dropping $40,625,325,442 (a capital influx equivalent to the entire GDP of Iceland).
As price action undertakes minor correction from the recent upside, DogWifHat is currently trading at a market price of $2.36 (representing a 24-hour change of -3%).
This comes as $800m volume inflows over the past 48 hours have fuelled up a major bounce from well-defended lower support at $1.48 to a recent local high at $2.54 (an alluring +70% move).
Now facing a ceiling of resistance around $2.50, DogWifHat bulls are targeting an upside move to establish support above $2.60, according to the tightly controlled ascendant trading channel.
Meanwhile, WIF price retains local support from the
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