Solana’s memecoin DogWifHat is finally seeing a positive price rally. The token is up 29% in the past 24 hours after hitting new lows in March.

The cryptocurrency market is currently experiencing the throes of price correction and volatility triggered by the ongoing Iran-Israel war. The fallout from the war has led to significant volatility across the cryptocurrency space, causing major coins like Bitcoin to drop to as low as $63,000.

However, a slight decrease in price volatility over the past 24 hours has helped Bitcoin regain the $67,000 price threshold. As the Bitcoin halving event approaches, the leading cryptocurrency has regained strength again. WIF is currently trading at $2.88, which has fueled hopes that the coin will break past key price resistance levels and soon surpass the $5 price mark.

The DogWifHat $5 Dream: When Will It Happen?

DogWifHat has emerged as the biggest winner among its peers and leaders amidst the severe geopolitical tensions. According to the latest statistics from CMC, the token is up nearly 15% in the past 12 hours.

According to data from leading crypto analytics platform CoinCodex, WIF is expected to surge 50% by April 21, 2024. If market volatility and sentiment support its rise, the token could trade at $4.45.

“Dogwifhat’s price prediction for the next 30 days is a prediction based on the positive and negative trends of the past 30 days. According to Dogwifhat’s prediction, WIF will change hands at $4.45 on April 21, 2024, gaining 50.92% in the process.”

Likewise, the platform has added another positive price prediction for WIF, raising hopes for the entire WIF community. The platform expects WIF to surge by 239% by May 14, 2024.

“According to our current Dogwifhat price prediction, the price of Dogwifhat is expected to rise by 239.17% to $10.00 by May 14, 2024. According to our technical indicators, the current sentiment is bearish while the Fear & Greed Index shows 72 (Greed). Dogwifhat has recorded 13/30 (43%) green days and the price volatility over the past 30 days is 21.13%.”

The platform further predicts key price levels for WIF where the token is likely to encounter maximum price resistance and congestion.

"Based on the classic pivot point (P1) which is worth $2.40 today, Dogwifhat has support levels of $1.940346, $1.527583, and the strongest support level is $0.072916. Similarly, Dogwifhat resistance levels are $2.81, $3.26, and $3.68."