Dogwifhat ziet breakout na consolidatie, klaar voor 50% rally
The famous Solana meme coin Dogwifhat (WIF) is up about 8% today at $1.85. It is currently below a strong resistance level, but if it can break above this resistance level, the meme token could rise another 50%.
Is WIF ready for a comeback, or will it continue to decline? The current cryptocurrency hype appears to be on the rise, giving Dogwifhat the chance to explode in the coming days and weeks.
Will Dogwifhat continue to rise? This is what the on-chain signal says
Interest in meme coins like dogwifhat is rising again, a common phenomenon when cryptocurrency markets are rising. When major cryptocurrencies rise, investor confidence and risk tolerance increase.
This caused Memecoin, the most speculative cryptocurrency on the market, to also rise. Due to their volatility, meme coins have risen much faster than major cryptocurrencies.
The chart below from Coinglass shows the increase in the number of long positions in WIF today. The ratio is currently at 1.05 and the long position is 51%. This means WIF is likely to rise further today.
Dogwifhat Long/Short Ratio – Brown: coin glass
On Binance, approximately 80% of traders hold long positions in the WIF/USD perpetual contract. This suggests that Binance traders expect further gains
Currently, bullish traders and investors appear to be capable, which could help WIF break above key resistance levels today.
WIF prices ready to rise by 50%
Dogwifhat currently trades at $1.85, but there’s still a lot of work to do after falling 28% over the past month. This is also positive for investors entering the market today, as there are fewer traders ready to sell to take profits.
This is further reinforced by the relative strength index (RSI) of 47, which suggests that WIF is still building momentum. Only when the RSI rises above 70 does the risk of a pullback increase, as more traders can sell at (high) profits.
Dogwifhat exchange rate chart – Source: TradingView
Dogwifhat price is flat at the 30-day moving average (yellow), a resistance level that the meme coin has been suppressing since early December. A break above $1.85 could signal the end of the downtrend and the beginning of the uptrend.
The next level of resistance is around $2.20, formed by the peak earlier this month and the 200-day moving average (blue). A move above this resistance would mean $WIF could rise by 18%. But a break above this level could extend gains to 50% to $2.75.
After WIF experienced high selling pressure, this seems like an excellent time to enter as a bottom may have been reached. If market sentiment recovers starting today, WIF and other memecoins will surge higher.
Which Cryptocurrency Meme to Buy Now?
The rise of popular crypto memes like dogwifhat suggests that meme coins may be ready for a comeback. This is not only beneficial for large meme tokens with a market cap of $1 billion or more, but also for smaller memes. Memecoins with low volatility can provide high profits during memecoin gains.
In this article, we will explore 3 emerging memecoins that have received widespread attention from investors. Coupled with a new rally in meme coins, early investors could become rich by the first quarter of 2025. Today, you can still buy these coins during the pre-sale.
Wall Street Invitation ($WEPE)
Dogwifhat isn’t the only meme coin rising this week. Pepe has also made a strong comeback, rising nearly 9% in the past 24 hours. This is useful for Wall Street Invitation ($WEPE)one of the largest memecoin pre-sales currently. $WEPE has raised $50 million through pre-sales.
Upon launch, $WEPE will be held by Diamond Hands as token holders will have access to an exclusive community. In this community, you can take advantage of elite trading insights. Depending on its quality, you can make a lot of money holding $WEPE, but the memecoin itself can also become very valuable.
With great memes comes great responsibility. 🐸⚔️ pic.twitter.com/CmaoJ8z2tI
— Wall Street Pepe (@WEPEToken) January 15, 2025
Buy $WEPE now for $0.00036649 each and stake your tokens instantly at 25% APY. With pre-sales raising over $50 million since its launch in December, expectations are high that prices will explode after the pre-sales.
Now to Wall Street Pepe
FLOCK($FLOCK)
An interesting community token to watch in January is FLOCK($FLOCK). The new meme coin raised more than $10.4 million in pre-sales. Pre-sales will be sold out next week. Due to its vote earning mechanism, $FLOCK allows its holders to earn money.
A Decentralized Autonomous Organization (DAO) allows community members to vote on changes within the project. Flockerz’s DAO is slightly different in that it allows you to earn $FLOCK tokens when you vote. This makes Flockers decentralized and profitable for users.
After the votes are cast, the flock remains a family! 🐦💙 pic.twitter.com/P0bgz7Emzy
—Flockerz (@FlockerzToken) January 16, 2025
Investors who still purchased $FLOCK during the presale at $0.0066883 will have the opportunity to stake their tokens at the current APY of 269%. Due to its unique token holder revenue model, $FLOCK has the potential to become valuable upon launch.
Now to Flockez
Pepe’s Mind ($MIND)
Pepe’s Mind ($MIND) is a brand new pre-sale that capitalizes on the hype of meme coins like Pepe. It also benefits from developments in artificial intelligence. In the first few days of the pre-sale, nearly $2 million has been raised. Also learn about the power of this emerging artificial intelligence tool that can help traders and investors make more money from cryptocurrencies.
Mind of Pepe’s AI Agent can quickly scan data and messages on social media. This allows him to understand the current sentiment surrounding different coins and summarize these insights for $MIND holders. AI agents help token holders buy cryptocurrencies before they explode.
For those interested, the benefits offered by $MIND certainly make this new project worth the small investment. You can buy $MIND today for $0.0031384 each. As one of the first investors, you can still stake these tokens at the current annualized yield of 1049%. This equates to approximately 3% additional tokens per day.
Now let’s talk about Pepe’s thoughts
