Is dogwifhat the new king of memecoins? You won’t believe the latest surge!

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Key Takeaways

So, dogwifhat decides to jump 10% like it just found a new squeaky toy, huh? Breaking resistance and the 200 EMA—what a show-off! The hype suggests a potential 30% rally. Seriously, it’s like everyone forgot to take their medication.

dogwifhat [WIF], the Solana [SOL]-based memecoin that’s about as serious as a three-ring circus, just skyrocketed to $1.05. Who knew a dog dressed in a hat could do this?

And this all happened amidst some whimsical optimism in the broader market—like that one friend who thinks they can swim just because they got their hair wet. So, how far is this ride going? Place your bets, folks!

WIF’s price momentum and surge in trading volume

WIF’s market cap has hit $1.05 billion. Yep, billion. Meanwhile, its 24-hour trading volume took a wild leap—up 83.89% to nearly $588 million. Talk about jumping into a hot tub of money!

Investors are clearly trying to get in on whatever dog fantasy this is, as the token broke out of a multi-week snooze fest. Naturally, derivatives traders decided to join the party. Because why not?

CoinGlass is like, “Oh, by the way, WIF’s Open Interest has increased by 8.42% in the last day,” totaling $476 million. Just tell me, how many fancy lattes does that buy?

By now, the Long/Short Ratio stands at a barely thrilling 1.014. So, it looks like the bulls are feeling confident while the bears are…well, just trying not to cry.

Liquidation levels tilt bullish

And what do we have here? Traders seem to be scrambling around the $0.973 and $1.09 marks, with CoinGlass revealing a staggering $18.17 million in Cumulative Long Liquidations. Makes you say, “Who needs sleep when this is happening?”

Shorts, on the other hand, are looking a little sad at only $2.64 million. It’s like the bulls are saying, “We’re in charge now, and the bears are just observing from the nosebleed seats.”

dogwifhat breakout confirms uptrend

According to AMBCrypto’s crystal ball analysis, the token has managed to break out of a descending trendline and actually retested it like it’s some kind of trendline whisperer. Fancy!

With a happy little daily close above the 200-day Exponential Moving Average (EMA) at $1.03, the charts are practically throwing a party. Historical data suggests that breakouts like this lead to a surge—as if the price was invited to the rent party!

Now, they’re projecting a possible 30% jump from current levels, eyeing that glorious resistance zone near $1.40. Will we get there? That’s the million-dollar question! Or maybe a $1.40 question?

The Relative Strength Index (RSI) is chilling at 62, still below the overbought threshold. It’s like the token is saying, “Relax, we’ve got room to run!”

All signs—volume, Open Interest, liquidations, and technicals—are pointing towards a strong continuation setup. But whether WIF gets to that lovely $1.40 mark? Well, that depends on holding above its EMA support and avoiding those pesky profit-taking dips. Good luck with that, right?

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2025-07-15 04:11