The post WIF (dogwifhat) surges by 54% over the past 7 days appeared on BitcoinEthereumNews.com.

WIF surged by 54% over the past seven days. Market sentiment remains bullish with WIF targeting $4.009. After Bitcoin recovered from a two-month low to trade at $66k with a 11% surge over the past weeks, altcoins have also experienced a market recovery. With the reduced volatility in the crypto market, Solana meme-coins are enjoying the upswing. dogwifhat [WIF] was enjoying a comeback after a sustained decline outpacing other meme coins. As of this writing, WIF was trading at $2.57 after a 54% surge in the past 24 hours. According to coinmarketcap, WIF’s market cap has surged by 2.3% to $2.5 billion in the last 24 hours. The recent surge has created speculations within the crypto community, with some showing optimism over a sustained uptrend. What does WIF price chart indicate AMBCrypto’s analysis shows WIF is enjoying a sustained uptrend, with a potential for more gains in the short term. As of this writing, Aroon Up line at 92.86%, sits above Aroon down at 28.57%. This shows that the recent highs are more frequent than the laws, thus reflecting a stronger bullish trend. When the asset is set this way, there’s a higher potential for a sustained upward movement. Source: Tradingview Equally, the Directional Movement Index (DMI) further supports a strong uptrend as the positive index at 26.27 sits above the negative index at 25.9. The negative is experiencing a decline for the past week while the positive index has been rising. Source: Tradingview Additionally, WIF’s Relative Strength Index (RSI) was 62, suggesting strong buying pressure. With the RSI above its RSI-based MA of 49, the crypto was experiencing buyer dominance, which positions it for further price rise. Source: Coinglass Looking further, our analysis of Coinglass shows WIF’s open interest has surged over the past week. The open interest has…

---

Filed under: News - @ July 22, 2024 4:04 am