Here’s Why, $WIF Price Skyrockets by 42% - CoinPedia Analytics

WIF is currently trading near $4.20, up over 36% in the past 24 hours. The meme coin surged to $4.83, just shy of its all-time high (ATH) of $4.86, signaling strong bullish momentum. Its trading volume has spiked by 90%, reflecting growing interest from traders following its listing announcement.

Technical analysis indicates that WIF is facing resistance at its ATH, but if it breaks and closes above $4.86, the stage could be set for a rally toward $10. Prominent crypto expert Arthur Hayes forecasts a significant move upward, reminiscent of the bull rally in March 2024.

WIF is also trading above the 200 Exponential Moving Average (EMA) on the daily chart, a strong indicator of an ongoing uptrend. Investors are watching closely to see if WIF can breach its ATH, following in the footsteps of meme coins like PEPE, which rallied significantly post-listing. The next few days will be crucial for WIF’s price action and market performance.