Dogwifhat (WIF), the popular Solana-based meme coin appears set to blowup as its rate action gains considerable attention from crypto giants. On December 7, 2024, the total cryptocurrency market is revealing bullish momentum, with Bitcoin (BTC) and other significant altcoins like XRP, BNB, and DOGE experiencing outstanding benefit motions.
Dogwifhat (WIF) Technical Analysis and Upcoming Bull Run
With bullish market belief, WIF has damaged out from a lengthened combination zone formed at the golden Fibonacci level. According to professional technical analysis, this breakout has moved the general market belief for the meme coin.
Based on the current rate action, there is a strong possibility that WIF might atfirst skyrocket by 20% to reach the current high of $4.80, which presently acts as a assistance level. Additionally, there is a possibility of WIF reaching $5 in the coming days.
On the favorable side, inspiteof the outstanding rate rally, WIF’s Relative Strength Index (RSI) presently stands at 65, whi