WIF price jumped 13% in the last 24 hours
Memcoin's Exponential Moving Average (EMA) Indicates Strong Upside MomentumDogwifhat Could Hit $2.70 in the Near Future; Otherwise, the Token's Value Will Drop to $1.44Dogwifhat (#WIF ) is the Largest Solana-Based Memcoin, Still Lagging Behind Sector Giants #DogecoinâŹâ© (DOGE), #Shiba Inu (SHIB), and #Pepe (PEPE) Solana Memcoin Competition Is Intensifying
#WIF has cemented its status as the leading memecoin on the Solana blockchain. However, Dogwifhat has seen its market cap drop significantly in recent months, bringing it closer to the second-largest memecoin on SOL, #BONK. .
WIF has seen impressive growth in 2024. The assetâs price has soared by 986% in just a few months, from $0.17 in January to $3.75 in March. Over the same period, PEPE has grown by 496% and FLOKI by 278%. Over the past week, Dogwifhat has jumped by 24.45%. WIF is currently the fourth-largest memecoin by market cap. While the assetâs growth is impressive, its market value is still five times smaller than SHIBâs.
The expanding landscape of meme coins on Solana hints at further price growth for WIF. However, increasing competition from tokens like BONK and POPCAT could pose a hurdle for Dogwifhat's upward trend.
ADX WIF shows strong upward momentum
The Average Directional Index (ADX) WIF is currently at 33, indicating strong upward momentum. Memcoin is experiencing sustained buying pressure, and the upward price movement has solid support. Therefore, if the trend continues, the rally could continue.
ADX is a technical indicator that measures the strength of a trend, regardless of its direction, on a scale from 0 to 100.
