Dogwifhat ($WIF), the Solana joke coin, has gone through a huge week. Its value has gone up more than 30% in the last seven days and more than 10% in just the last 24 hours. But even with this rise, $WIF still needs to go up even more to make up for its month-long drop. The fourth-largest meme coin went from $3.88 at the end of May to a low of $1.55 in late June. The price of $WIF right now is $2.22.
As $WIF gains speed, traders are wondering if it might be on track to reclaim the important $3 price level and possibly reach a new all-time high. We’ll look more closely at what’s coming up for $WIF this month and point out an option to $WIF that could give you 10x gains in July.
The rise in $WIF this week is important for buyers of meme coins for a number of reasons. First, they stop the losses that $WIF had been having since the beginning of June and show that bulls are back in charge. This week, other major meme coins have also gone up in value, following $WIF’s lead. The prices of $PEPE, $BONK, and $BRETT have all gone up. $BRETT is up almost 20%. This widespread movement is a good sign that the trend could keep going up.
$WIF Technical Turnaround Achieved
Second, the turn around in $WIF is a major technical achievement. After rising from a support level near $1.60, the token is now going up against resistance at $2.20. Traders want to know if $WIF can break out above this level of support.
If it can get past $3.20, the next major band of support, which means $WIF could rise above $3 in the next few weeks, giving bullish traders significant improvements. One technical analysis sees the formation of a symmetrical triangle and sets a $4.80 price goal for the event of a breakout.
However, it is still unclear whether $WIF will be able to break out. Over $450 million worth of trades happen every day in $WIF, which is just a little above the average. Notably, trade volume is down from a high of $750 million last week. This suggests that the price momentum of Dogwifhat might not be backed by strong support and could stop as soon as bears try to push back.
Most likely, $WIF will move back and forth between $1.60 and the $2.20 resistance level for most of July. It will try and re-test this level of resistance before either breaking through it or falling back to $1.60 later in the month. For now, buyers should be careful. The fact that the meme coin market is going up is a good sign for Dogwifhat but tokens that are known to be volatile could easily start going down again in July with little notice.
Traders and analysts are excited about the possibility of a new meme coin called WienerAI ($WAI), but the price of $WIF is still uncertain. This Ethereum-based coin has its own cute dog mascot, a dachshund in the shape of a sausage that could go viral like Dogwifhat.
WienerAI has a huge fan base that it calls the “Sausage Army” in honor of its mascot. Traders and early investors have already bought almost $7 million worth of $WAI tokens during the WienerAI presale. As more investors join, sales will speed up.
Meme coin traders like WienerAI because it plans to release a crypto trading bot driven by AI that will automatically spot market opportunities and help traders take advantage of them. This bot says it will help people who own $WAI tokens make more money by swapping meme coins.
Some experts, like Jacob “Crypto” Bury, who has worked with a lot of coins, think that $WAI will go up 100 times in value after launch. Others in the business world, like Michael Wrubel, Oscar Ramos, and ClayBro, have also backed $WAI and said they think it will make a lot of funds.
Early investors in the $WAI presale can get coins for a lower price of $0.000724 right now and earn up to 164% APY for staking them. Since the next price hike is coming up in two days, now is the best time to get WienerAI.
