Could Dogwifhat Reach $10? Price Soars on $800 Million Volume!
With a staggering $800 million in trading volume, the price of Dogwifhat has soared, signaling a robust recovery in meme coin markets. Investors are keeping a watch on the July market for possibly more attractive possibilities while speculating on whether WIF will hit $10.
This essay will examine the recent price movements of WIF and try to determine whether Pepe Unchained, a novel meme currency, is a better investment option than WIF.
Fractal patterns indicate a push-up far over $40, and many traders are expecting WIF to see significant upside in the next months.
But with Dogwifhat's current market value of $2,389,725,026—a substantial amount—the possibility of reaching $40 would need a staggering 17x increase in market cap to an astounding $40,625,325,442—a sum equal to Iceland's GDP—which is still a distant dream.
This follows a week of $800 million in volume inflows, which fueled a significant rebound from $1.48, a well-defended lower support level, to $2.54, a recent local high (a tempting 70% rise).
The tightly managed rising trading channel shows that DogWifHat bulls are aiming for an upward move to build support above $2.60, as the market is now confronting a ceiling of resistance around $2.50.
The local support from the 20-day moving average (DMA) is still holding for WIF price, which lends credence to the bullish chart pattern.
At 52, the Relative Strength Index (RSI) is appropriately neutral, indicating that the WIF price chart still has upward potential.
Looking at the big picture, DogWifHat is optimistic. The upward is expected to continue over the weekend, and there won't be a general market decline.
It seems that there are several market possibilities arising from low cap gem transactions that might considerably exceed WIF, especially considering the massive $27Bn capital infusion required for traders' projections to materialize.
