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Dogwifhat (WIF), a favored Solana-basically based mostly meme coin, is making waves in the cryptocurrency realm with its spectacular performance amid bullish market sentiment. However, WIF’s rally nowadays a great deal surprised everybody, as the value rallied by over 67% in the previous 24 hours.
Coinbase’s WIF Checklist Announcement
This necessary rally in the meme coin became once witnessed after Coinbase presented its itemizing on the replace. On November 14, 2024, Coinbase Assets made a post on X (beforehand Twitter), informing its users that they would be itemizing Dogwifhat (WIF) on the replace.
However, Coinbase’s announcement of the WIF itemizing follows its earlier announcement of the PEPE itemizing, and as a results of these bulletins, each and each meme coins skyrocketed. Other than Coinbase, WIF’s overall discover circulate became once bullish and had already been experiencing significant upward momentum.
The itemizing on the final note cryptocurrency replace in the US allowed extra users to steal half and contributed to this necessary momentum.
WIF Most up-to-date Tag Momentum
At press time, WIF is procuring and selling come $4.20, registering a produce of over 36% in the previous 24 hours. However, it reached $4.83, shut to its all-time high (ATH). Within the period in-between, the procuring and selling volume of the meme coin rose by 90% throughout the identical duration, indicating heightened participation from merchants and investors following the itemizing announcement.
WIF Technical Prognosis and Upcoming Stages
Per expert technical diagnosis, WIF appears to be bullish and is currently dealing with resistance come its all-time high of $4.86. Per the most contemporary discover circulate, if WIF breaks out from the resistance stage and closes a day by day candle above $4.86, there would possibly be a stable chance of a significant upward rally toward the $10 stage, as forecasted by neatly-known crypto expert Arthur Hayes throughout the bull rally of March 2024.
However, merchants are waiting for WIF to breach its all-time high (ATH), identical to PEPE, which soared tremendously and overcame several hurdles after its itemizing. Currently, the meme coin is procuring and selling above the 200 Exponential Transferring Average (EMA) on the day by day timeframe, indicating an uptrend.
Rising Birth Interest
On-chain metrics additional give a boost to WIF’s particular outlook. Per the on-chain analytics agency Coinglass, WIF’s launch ardour has surged by 35%, indicating significant participation from merchants and a necessary lengthen in launch positions over the previous 24 hours.
This surge in launch ardour pushed the overall value to $690 million, the final note for the reason that token’s launch.
