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07/15 04:38
dogwifhat jumps 10%, crosses $1B market cap: Are more gains coming?
dogwifhat cracks key resistance—Are traders bracing for a memecoin moonshot?
Key Takeaways
dogwifhat jumps 10% after breaking key resistance and the 200 EMA. Derivatives activity and bullish momentum hint at a 30% rally.
dogwifhat [WIF], the Solana [SOL]-based memecoin, drew strong attention after a 10% daily surge pushed its price to $1.05.
The move came amid broader market optimism and a breakout above key resistance levels, raising the question — How far can this rally go?
WIF’s price momentum and surge in trading volume
WIF’s market cap climbed to $1.05 billion, while its 24-hour trading volume soared 83.89% to nearly $588 million, per CoinMarketCap.
This uptick in activity reflected rising investor interest as the token broke out from a multi-week consolidation.
Naturally, derivatives traders jumped in.
CoinGlass revealed that WIF’s Open Interest — over the past 24 hours — surged by 8.42%, totaling $476 million.
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