dogwifhat has been consolidating near its $1.30 resistance level. On the other hand, DOGE’s charts have seen some exhaustion. This may set up WIF to capitalize on DOGE’s weakness and potentially lead the next memecoin rally.

At the time of writing, four of the top ten gainers on the weekly charts were memecoins. This observation seemed to line up with BTC’s tight-range chop just below its local highs. Especially since it is a setup that tends to fuel speculative appetite across the board. 

In that light, Dogecoin [DOGE] and Floki [FLOKI] led the charge, ripping by 40%+ against BTC, showing strong relative strength. dogwifhat [WIF], while slightly lagging, still put in a 24.31% weekly close.