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The Dogwifhat price soared 36% in the last 24 hours to trade at $1.2377 as of 3:41 a.m. EST on trading volume that surged 34% to $1.1 billion.
This comes after the news that the US and China agreed to drastically roll back tariffs on each other’s goods for an initial 90-day period. The announcement follows a weekend of trade negotiations in Geneva, Switzerland.
According to the terms of the deal, the US will temporarily lower its tariffs on Chinese goods from 145% to 30%, while China will cut its levies on American imports from 125% to 10%.
Breaking News 🚨🚨
US-China trade deal terms are now out.
The US will lower tariffs on Chinese goods to 30% for 3 months.
China will lower tariffs on US goods to 10% for 3 months. pic.twitter.com/Abxj86QJGQ
— Cas Abbé (@cas_abbe) May 12, 2025
The meme coin market reacted positively to the news, with the sector’s capitalization jumping over 1% to $81 billion, according to Coingecko data.
Dogwifhat Price On A Sustained Bullish Trend Reversal
The daily chart of WIF price shows a significant bullish reversal marked by a rounded bottom pattern.
After a prolonged downtrend that followed the “death cross” (where the 50-day Simple Moving Average (SMA) crosses below the 200-day SMA), the Dogwifhat price action bottomed out and formed a rounded base. Recently, the breakout from the handle has triggered a strong rally, pushing the price above $1.23, with a staggering 36% gain in a single day.
This confirms bullish momentum with a potential target zone near the previous support-turned-resistance area between $1.90 and $2.50.
Meanwhile, the Relative Strength Index (RSI) is at 84.05, signaling extreme overbought conditions and potential for a near-term pullback.
The Moving Average Convergence Divergence (MACD) is strongly bullish, with the blue MACD line well above the orange signal line and histogram bars expanding positively, confirming sustained buying momentum.
With the confirmed breakout from the rounded bottom pattern and strong momentum across indicators, the price of WIF could aim for the $1.47 resistance (200 SMA) in the short term. If this level is broken, the price might test the $1.90–$2.50 zone.
However, given the overbought RSI, the price of Dogwifhat could undergo a minor pullback before the next leg up, with the $0.53 level acting as a cushion against downward pressure.
Meanwhile, investors are flocking to buy a new Solana project called Solaxy (SOLX). Popular YouTube channel 99Bitcoins, with over 725K subscribers, says the crypto has the potential to soar 100X post-launch.
Solaxy Presale Closing On $35 Million – Next 100X Crypto?
Solaxy is emerging at a critical moment for the Solana ecosystem. While Solana has become the preferred network for meme coins and DeFi projects, thanks to its low fees and lightning-fast speeds, it has shown cracks under heavy demand.
During recent meme coin surges, the network faced severe congestion and delays, raising fresh concerns about its scalability and resilience.
Solaxy addresses some of the biggest challenges faced by the Solana blockchain, including issues of congestion, transaction fairness, and scalability.
By optimizing Solana’s infrastructure, Solaxy aims to significantly enhance its transaction speed, efficiency, and overall performance. This makes it a promising addition to the growing ecosystem of layer-2 solutions across various blockchains.
By processing transactions off of Solana’s main chain, bundling them together, and submitting them to the mainnet for final verification, Solaxy’s system improves efficiency.
It's perfectly okay to think about $SOLX at night…
We won't tell 😉🔥https://t.co/mdaTX9aVVx pic.twitter.com/AZcIvfpiS6
— SOLAXY (@SOLAXYTOKEN) April 22, 2025
Solaxy has successfully raised a substantial $34.7 million in funding, which signals strong investor confidence in the project’s future.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001722 each using BNB, ETH, USDT, or a bank card.
Solaxy also offers holders who stake SOLX a huge annual yield of 116%.
Interested investors will want to buy SOLX before the next presale price hike in around 31 hours to secure the best deal.
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