Dogwifhat Price Surges 50%, But a 20% Correction Looms

Dogwifhat (WIF), the top meme coin on Solana, has surged 50% in the last 30 days, nearing $3. However, technical indicators suggest a potential correction ahead.

WIF hit resistance at $2.82 and has since formed a bearish rising wedge, a pattern signaling a possible downward trend. The Money Flow Index (MFI) shows weakening buying pressure, hinting at increasing selling momentum.

Analysts predict WIF could see a 20% drop, potentially falling to $2.08, though if bulls defend $2.33, a rebound toward $3.11 is possible. Keep an eye on these key support levels.

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