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The Dogwifhat price soared 24% in the last 24 hours to trade at $0.92753 as of 9:34 p.m. EST on trading volume that surged 28% to $1.1 billion.
Dogwifhat Price On A Bullish Trend Reversal
The WIF price on the 6-day chart shows signs of a potential bullish reversal after a prolonged downtrend.
From its previous high of approximately $4.85, the Dogwifhat price experienced a sharp decline, bottoming out near $0.53. Following this decline, the price of WIF action has formed a rounded bottom pattern, which is often interpreted as a sign of accumulation and impending upward momentum.
In recent weeks, the price of Dogwifhat has rallied significantly, surging over 65% from its local low to reach a price of approximately $0.93. This strong bounce has brought WIF close to the 0.786 Fibonacci retracement level, which lies at $1.117.
The rounded bottom structure, combined with the recent price increase, suggests that the market could be preparing for a breakout move, particularly if the Dofwifhat price manages to close and sustain above the $1.117 resistance level.
WIF trades well below the 50-day Simple Moving Average (SMA), which is in line with the recent downtrend.
Meanwhile, the Relative Strength Index (RSI) is currently at 47.95, which places it just below the neutral 50 level. This suggests that the market is neither in overbought nor oversold territory. Additionally, the RSI’s steady rise from deeply oversold levels supports the narrative of improving bullish momentum.
The Moving Average Convergence Divergence (MACD) indicator has recently turned bullish. The blue MACD line is now positioned above the oranfe signal line and is moving into positive territory.
WIF/USDT Chart Analysis (Tradingview)
WIF Price Prediction – Continued Reversal Hints At A 152% Surge
Based on the current technical setup, the WIF price appears to be in the early stages of a potential bullish reversal. The rounded bottom pattern, coupled with a bullish MACD crossover and a neutral RSI, provides a strong foundation for a continued rally.
The immediate price target lies at $1.117, where the 0.786 Fibonacci retracement level could act as short-term resistance. If the price manages to break above this level convincingly, the next key target would be the $1.66 region, where the 50-day SMA could present a stiffer challenge.
Should the bullish momentum continue beyond the 50-day SMA, the next potential resistance zones would be $1.92 and $2.49, aligning with the 0.618 and 0.5 Fibonacci retracement levels respectively, a 152% surge from the current price.
However, in case of a pullback the $0.32 level acts as a cushion against downward pressure.
As the WIF price surges, YouTube channel 99Bitcoins, with more than 724k subscribers, says the Solana Layer-2 presale Solaxy (SOLX) may surge 100x after launch.
Solaxy Presale Closes On $35 Million
Solaxy has quickly emerged as one of the most promising projects in the blockchain space, raising an impressive $34.4 million in its presale.
SOL has an impressive $90 billion market capitalization and the Solana blockchain has theoretical throughput of 65,000 transactions per second. However, the network still faces a mighty challenge from its own success.
The very features that attracted millions of users, including swift processing and minimal fees, have created persistent congestion issues, which affect Solana’s performance during peak activity periods.
As the first layer-2 solution on the Solana network, Solaxy introduces a novel approach to enhance scalability and transaction 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
Although Solaxy is built to work with Solana, the project will first launch on Ethereum. The team is developing a bridge between the two blockchain networks to connect them.
Its integration with Ethereum brings together the strengths of two major blockchains: Solana’s ultra-fast, low-cost transactions and Ethereum’s deep liquidity and robust security.
By buying and holding SOLX, users also can earn passively through the platform’s staking mechanism, which offers a sky-high annual yield of 117%.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens at the current price of $0.00172 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in a little less than 10 hours to secure the best deal.
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