Dogwifhat (WIF) Eyes $2.70 as Solana Meme Coin Battle Intensifies: Will Rivals Roar on or Surrender?
Dogwifhat (WIF), the largest meme coin on the Solana network, is making waves with an 11% price jump in just 24 hours. Despite this surge, WIF still trails behind bigger players like DOGE, SHIB, and PEPE, and its social buzz remains relatively low.
However, with its price showing an upward trend on the EMA (Exponential Moving Average) lines, WIF could be set to break past $2.70 soon.
WIF is holding strong as Solana’s top meme coin, but competition is heating up, especially from BONK, Solana’s second-largest memecoin. In 2024, WIF skyrocketed by over 986%, climbing from $0.17 in January to $3.75 by March. This growth far outpaced other popular meme coins like FLOKI (up 278%) and PEPE (up 496%).
Currently the fourth-largest meme coin by market cap, WIF’s position is being challenged as BONK and other Solana-based coins gain momentum.
WIF’s current Average Directional Index (ADX) reading of 33 indicates strong upward momentum. With continued buying pressure, WIF could see further gains if the trend persists. An ADX above 25 suggests a solid trend, and at 33, WIF is in a prime position for growth.
The 4-hour price chart shows a bullish setup, with all EMA lines positioned below the current price, indicating a strong upward trend. If this continues, WIF could push toward $2.70. However, if the trend reverses, WIF could drop to $1.44.
While WIF’s current outlook is promising, rising competition from BONK and POPCAT could pose a threat. Investors should stay alert and adjust strategies as the meme coin market heats up.
