Memecoin Mania: Shiba Inu and Dogwifhat (WIF) Lead the Charge
As the weekend approaches, the crypto markets witness a surge in memecoin excitement. Shiba Inu has caught attention with a 100% surge in just a few days, while newer tokens like Dogwifhat (WIF) gain momentum on major exchanges.
While Bitcoin and Ethereum trade sideways, memecoins are expected to drive significant gains. The recent breakout of PEPE set the stage, followed by the bullish momentum of Dogecoin and Shiba Inu, especially as SHIB surpasses $0.000021.
SHIB's weekly trading volume has skyrocketed, pushing its price above key levels and triggering bullish signals like the StochRSI rebound. The path ahead suggests a potential rise to the $0.00002816 - $0.00003 resistance zone, where bullish strength will be tested against bearish pressure.
Meanwhile, Dogwifhat (WIF) emerges as a standout among the newly launched memecoins, surging past $1 and achieving billion-dollar status. With a consistent rise within a bullish channel, WIF is poised to maintain an ascending consolidation, potentially reaching $1.5 and even $2 with continued bullish momentum.
