Dogwifhat (WIF) Price Rallies to $0.85 with Strong Trading Volume
Dogwifhat (WIF) has experienced a price rally, reaching $0.85 with targets set above $1. The surge is supported by a daily trading volume of $333 million and a 20% increase in active wallets.
- WIF's daily trading volume surpassed $70 million.
- The Dogwifhat network recorded over $700 million in trading volume in two days.
- The broader crypto market reacted positively to geopolitical tensions easing between Iran and Israel.
Despite recent gains, WIF faced resistance at $0.86 and is currently trading at $0.76 after a 9.32% decline. The price must break out from a falling wedge pattern to potentially reach $1.35.
- Current support is at $0.54; a drop below $0.77 could lead to further declines towards $0.71.
- WIF's performance is closely tied to Bitcoin and the Solana ecosystem, with sustaining prices above $105,000 considered critical.
- Market experts advise caution due to high volatility and recommend tight stop-loss orders.