Dogwifhat (WIF) Surges Past Floki (FLOKI) with 45% Daily Rally—Where’s It Headed Next?
Meme coin madness strikes again as WIF’s explosive 45% single-day pump catapults it past FLOKI in market cap rankings. Traders scramble while skeptics roll their eyes—another day in crypto’s casino economy.
The breakout play: WIF’s rally defies the usual ‘buy the rumor, sell the news’ cycle, with volume spiking 300% on decentralized exchanges. Technicals suggest $3.50 as the next resistance level, but let’s be real—this is meme territory, where fundamentals go to die.
What’s fueling the fire? Whale accumulations spotted via on-chain trackers, plus a viral tweet from a pseudonymous influencer (because of course). Meanwhile, FLOKI holders cope by pointing to their ‘utility’ roadmap—adorable.
Bottom line: WIF’s chart looks like a rocket, but remember: even rockets need gravity eventually. Trade accordingly—and maybe keep some dry powder for when the ‘degens’ inevitably panic sell.
WIF Goes Vertical
It’s been green candles almost everywhere across the cryptocurrency market lately, with some digital assets posting more than impressive pumps. One example is the popular meme coin dogwifhat (WIF), whose price skyrocketed by almost 45% in the past 24 hours alone.
Currently, it trades at a nearly four-month high of $1.28 (per CoinGecko’s data), marking a staggering weekly rise of 130%. Its market cap is inching closer to $1.3 billion. Thus, WIF surpassed FLOKI (FLOKI) and became the seventh-biggest meme coin.
The aforementioned revival of the crypto sector and the renewed hype across traders and investors seem like the most obvious reasons for the asset’s surge.
Multiple analysts on X are now optimistic that WIF could be on its way to reaching new peaks. The one using the moniker Coin Signals noted the breakout above $1, setting the next target at $2.20.
The popular X user Altcoin Sherpa chipped in, too. They revealed having “a small bag of WIF” and argued that the meme coin is “fairly early in its run relative to other big memes.” Despite not envisioning a rise to a new all-time high, the analyst sees potential for a solid increase in the event of “good conditions.”
For their part, Ansem told their over 600,000 followers on X that WIF “looks very clean.” In their view, the bullish thesis might fall apart if the price slips to the $0.75-$0.80 range.
Too Late for the Party?
Contrary to the optimists mentioned above, Crypto Mechanic shared a somewhat bearish perspective. The X user acknowledged WIF’s “great move” but warned investors that it might be too late for them to jump on the bandwagon.
“Let the price go into consolidation or give you some LTF pullbacks that WOULD be a less risky setup imo,” they advised.
Meanwhile, traders should also keep an eye on some technical indicators such as WIF’s Relative Strength Index (RSI). The momentum oscillator measures the speed and magnitude of recent price changes and varies from 0 to 100. A ratio above 70 signals that the token might have entered overbought territory and could be due for short-term correction. As of this writing, the RSI stands at over 85.
