Dogwifhat (WIF) Predicted To Hit New High Of $5: Here’s When
Dogwifhat (WIF) has had an incredible run in the market. The asset quickly climbed the charts of the top projects by market cap. Despite the stellar early performance, WIF has stumbled lately. The asset has fallen to the 91st spot among the top cryptocurrencies by market cap.
Also Read: Shiba Inu Chart Shows 9% Surge, Targeting $0.00023 in Price Rally
Dogwifhat’s Current Price Movements
WIF has faced a significant correction over the last few weeks. The asset is down 3.4% in the daily charts, 23.8% in the 14-day charts, and 28.4% over the previous month. Despite the dip, the asset has maintained a 6.1% growth over the last seven days. WIF has also rallied by 347.2% since January 2024, being one of the best-performing cryptocurrencies of the last year.
Why Did The Memecoin Dip?
WIF’s price took a dip over the last two months due to bearish developments in the macroeconomic space. Inflation in the US rose to 2.7% in December 2024. The Federal Reserve consequently took a hawkish stance with its monetary policy. The Fed announced only two interest rate cuts in 2025 instead of three.
In January 2025, US jobs data came in better than expected. This further cast a shadow on the possibility of an early interest rate cut. The development led to another correction in the cryptocurrency market. WIF and other assets took a significant dip.
Also Read: 3 Cryptocurrency Orders That Trump May Push On First Day Of His Presidency
WIF To Hit A New All-Time High?
WIF is currently down by 67.6% from its all-time high of $4.83. The memecoin peaked on Mar. 31, 2024, about 10 months ago.
#dogwifhat $WIF seems to be trading inside a parallel channel. We could see further consolidation around the channel's lower boundary before an upswing toward $5! pic.twitter.com/4wS7U0tMp6
— Ali (@ali_charts) January 19, 2025
Also Read: Trump’s Crypto Plan: $48M Ethereum Buy and Day-One Orders to Boost Bitcoin
According to prominent cryptocurrency analyst Ali Martinez, WIF is trading inside a parallel channel. The memecoin could surge to a new all-time high of $5. Hitting $5 from current price levels could translate to a rally of about 222.58%.
Read More
Dogwifhat (WIF) Predicted To Hit New High Of $5: Here’s When
Dogwifhat (WIF) has had an incredible run in the market. The asset quickly climbed the charts of the top projects by market cap. Despite the stellar early performance, WIF has stumbled lately. The asset has fallen to the 91st spot among the top cryptocurrencies by market cap.
Also Read: Shiba Inu Chart Shows 9% Surge, Targeting $0.00023 in Price Rally
Dogwifhat’s Current Price Movements
WIF has faced a significant correction over the last few weeks. The asset is down 3.4% in the daily charts, 23.8% in the 14-day charts, and 28.4% over the previous month. Despite the dip, the asset has maintained a 6.1% growth over the last seven days. WIF has also rallied by 347.2% since January 2024, being one of the best-performing cryptocurrencies of the last year.
Why Did The Memecoin Dip?
WIF’s price took a dip over the last two months due to bearish developments in the macroeconomic space. Inflation in the US rose to 2.7% in December 2024. The Federal Reserve consequently took a hawkish stance with its monetary policy. The Fed announced only two interest rate cuts in 2025 instead of three.
In January 2025, US jobs data came in better than expected. This further cast a shadow on the possibility of an early interest rate cut. The development led to another correction in the cryptocurrency market. WIF and other assets took a significant dip.
Also Read: 3 Cryptocurrency Orders That Trump May Push On First Day Of His Presidency
WIF To Hit A New All-Time High?
WIF is currently down by 67.6% from its all-time high of $4.83. The memecoin peaked on Mar. 31, 2024, about 10 months ago.
#dogwifhat $WIF seems to be trading inside a parallel channel. We could see further consolidation around the channel's lower boundary before an upswing toward $5! pic.twitter.com/4wS7U0tMp6
— Ali (@ali_charts) January 19, 2025
Also Read: Trump’s Crypto Plan: $48M Ethereum Buy and Day-One Orders to Boost Bitcoin
According to prominent cryptocurrency analyst Ali Martinez, WIF is trading inside a parallel channel. The memecoin could surge to a new all-time high of $5. Hitting $5 from current price levels could translate to a rally of about 222.58%.
Read More