Can WIF Overtake Dogecoin?

After reaching a $4 billion market cap last month, the price of Dogwifhat (WIF) is retreating sharply. According to CoinMarketCap, the Dogwifhat price was last trading around $3.51, down around 4% in 24 hours.

This puts the Solana meme token’s market cap at around $3.5 billion, down more than 25% from last month’s peak.

The focus for Dogwifhat bears right now is on a possible retest of the 21DMA. This level has served as strong support since late February.

But Dogwifhat price is currently testing support from mid-March highs. Bears may never get the 21DMA test they want if enough buyers flood back into the market. As the broader crypto market consolidates ahead of this month’s Bitcoin halving, profit-taking means a quick rebound is not guaranteed.

But for Dogwifhat, the long-term price risk remains strongly tilted to the upside. Therefore, the price prediction is likely to remain bullish. Dogwifhat Price Prediction – Where is WIF next? 💰qun+v:1983211157👈 If WIF breaks below the mid-March highs and south of the 21-day EMA, it is possible to drop all the way to support in the $2.0 region.

This could mean a further drop of nearly 45% from current levels. But given that the broader market is still in a bullish phase, crypto investors are bound to buy the dip in droves at some point. Despite the hype, WIF still has a very limited market cap compared to memecoin stalwarts like Dogecoin.

According to CoinMarketCap, Dogecoin’s market cap just recently surpassed $25 billion. It’s a bit of a stretch to say that WIF will surpass Dogecoin one day. But WIF will certainly reach a multi-billion dollar market cap one day. Subsequent news will be updated in real time. If you like Dogecoin and Wif, you can follow me at #WIF #DOGE/USDT #BTC #SHIB #sui