The post Dogwifhat $2 By June? Are Low Market Cap Coins The Best Investment appeared on BitcoinEthereumNews.com.

Dogwifhat, a meme coin that once enticed meme coin investors with its simplistic approach and a cute narrative to reach an above $1 billion market cap, is now aiming for new highs. Thanks to the market conditions created by Bitcoin reaching its all-time high recently, the doge-themed, Solana-based token was able to peak at $1.30 before a correction. Although the token’s price action is volatile, the current market conditions could pave the way for it to reach $2 in June. Will that be the case? And if it is true, are low market cap coins the best investment right now? Dogwifhat Price Analysis – Volatile Price Action but a Bullish Community The market has seen the Dogwifhat price following an ascending channel recently, especially since late April, ever since people started to pivot away from Bitcoin when it hit its lows. Thankfully, the channel has continued to remain strong till now, which means it is possible for the token to go for new highs. At the time of writing, $0.93 remains WIF’s critical support, and the $1.33 level is its crucial resistance. It means that for the Dogwifhat price to reach closer to its recent highs, it has to move up by 24%. However, the critical question to ask here is: is it possible for the Dogwifhat price to reach $2 by June? Based on the technicals, the rising channel indicates that it could be possible for the WIF price to hit the $2 mark by the middle of June, provided it crosses its crucial resistance around the $1.80 level (0.236 fibs). The channel has stood strong until now because of the strong community support behind the project. Although Dogwifhat does not show much in the way of utility, even its minimalistic appeal is enough to bring supporters due to…

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Filed under: News - @ May 24, 2025 12:27 pm