Dogwifhat (WIF) Price Prediction for Today, October 2 – WIF Technical Analysis

Dogwifhat (WIF) is presently valued at $2.34, demonstrating strong resilience in the fiercely competitive meme coin landscape. Despite the sector’s notorious volatility, the cryptocurrency managed to withstand the broader crypto market decline seen in early October.

WIF Key Statistics

• Current Price: $2.34
• Market Cap: $2.4 billion
• Trading Volume (24h): $955.88 million
• Circulating Supply: 998.8 million WIF
• Total Supply: 998.8 million WIF
• CoinMarketCap Ranking: #38

After months of a bearish market, the Dogwifhat coin is set for a potential reversal . Previously, the Solana-based meme coin hit lower lows, losing about 54% of its value on monthly charts after a surge in early March. However, the price is expected to rise again soon. Since mid-September, Dogwifhat has stabilized around the $1.5 level. Following strong bullish rallies, it recorded a 56% inflow on its monthly charts, pushing its price above the $2 mark.

WIF/USD Market Analysis

Key Levels

Resistance: $2.90, $3.20, $3.50

Support: $2.03, $1.80, $1.50

In the WIF/USD chart, Dogwifhat is trading at $2.34 , having gained +2.22% over the last 24 hours. The Parabolic SAR (Stop and Reverse) indicator is currently positioned below the price action, signaling a bullish trend. Meanwhile, the MACD (Moving Average Convergence Divergence) shows a clear upward crossover, with the MACD line moving above the signal line, which typically suggests increasing buying momentum.

The price is approaching a key resistance level at $2.90, a level that, if breached, could further fuel Dogwifhat’s rally. Support remains firm at $2.03, and as long as WIF stays above this level, it will likely continue its upward movement.

Can Dogwifhat Leverage Its Meme Coin Hype to Push Beyond $2.90?

Dogwifhat (WIF) is a meme coin built on the Solana blockchain that gained significant attention in April 2024 due to a rapid price increase fueled by speculation surrounding a potential Solana ETF launch. Like other meme coins, it is community-driven and relies heavily on social media for popularity. As a speculative asset, WIF can be highly volatile, with price movements influenced by market sentiment and the actions of large holders.

Will the Hidden Gem Skyrocket?

Its strong meme culture and active community suggest that it could see price appreciation if broader market sentiment remains positive. Breaking past the $2.90 resistance could open the doors for further upside, potentially pushing the price towards $3.20 and beyond.

WIF/BTC Performance Insight

Looking at the WIF/BTC chart, the price is currently sitting at 0.00003796 BTC, registering a +0.24% daily increase. Similar to the USD pairing, the MACD shows a bullish crossover, indicating rising interest and buying pressure against Bitcoin. The Parabolic SAR dots remain positioned below the price action, further confirming the upward momentum. The next resistance level for WIF/BTC is at 0.00004268 BTC, while support can be found at 0.00003139 BTC.

Esteemed analyst Captain Faibik has presented a notably positive technical forecast for this dog-themed meme coin. According to Faibik’s analysis, WIF has successfully broken out of a Descending Channel on the daily timeframe, indicating a potential increase exceeding 170%, which could elevate WIF to a new all-time high (ATH).