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The Dogwifhat price surged 15% in the last 24 hours to trade at $1.1601 as of 12:36 a.m. EST, with trading volume soaring 179% to $1.12 billion.
Dogwifhat Price Aims For A Bullish Trend Continuation
The WIF price chart has formed a Cup and Handle pattern, a strong bullish continuation signal.
The “cup” part of the pattern formed during the deep correction following a long bearish trend, bottoming out near the $0.50 zone, according to GeckoTerminal data.
Additionally, the recovery was smooth and rounded, demonstrating strengthening bullish sentiment. Following this, the “handle” formed as a shallow consolidation or pullback, staying well above key support levels and establishing higher lows, a classic hallmark of this setup.
This handle consolidation was brief and tight, suggesting strong buying interest. The recent breakout from the handle area, with the Dogwifhat price currently around $1.16, confirms the pattern and implies a high probability of upward movement.
Meanwhile, the 50-day Simple Moving Average (SMA) ($0.6368) has turned upward and decisively broken to the upside. The price of Dogwifhat is now approaching the 200-day SMA ($1.4048), which may act as initial resistance.
With the Relative Strength Index (RSI) at 67.23, the asset is trending strongly without yet entering overbought territory.
The Moving Average Convergence Divergence (MACD) line (blue) is comfortably above the signal line (orange), and both remain in positive territory. This reinforces the bullish trend and supports the breakout narrative from the handle part of the pattern.
WIF Breakout Hints At A 78% Surge
With a confirmed Cup and Handle breakout, the price of WIF is poised for a bullish trend continuation.
The 200-day SMA at $1.4048 is the immediate resistance. A breakout above this level would likely lead to strong continuation toward the $2.02 level, a 78% surge from the current level.
However, failure to hold above $1.00 in the near term could invalidate the handle and force a retest of lower support levels near $0.63 for the Dogwifhat price.
Meanwhile, investors are flocking to the presale for a new Solana project called Solaxy (SOLX) before the project’s launch in 25 days.
Popular YouTube channel 99Bitcoins, with over 723K subscribers, says the crypto has the potential to soar 10X post-launch.
Solaxy Presale Garners Over $39 Million – Last Chance To Buy
The presale for Solaxy, one of the best ICOs of 2025, is set to end in 25 days. It’s had an impressive run, having already raised over $39.09M since its start.
The project is set to revolutionize Solana by tackling the ecosystem’s main issues: slow and failed transactions, downtime during peak times, and high fees.
Solana already boasts significantly lower fees compared to Ethereum, and now, with the development of its first-ever layer-2 (L2) chain, it’s poised to slash costs even further.
Solaxy’s L2 chain offloads computation from the Solana mainnet, easing congestion and reducing on-chain demand.
The Solaxy team has been hard at work. Recent enhancements to the project’s infrastructure include an improved transactions per second (TPS) rate, enhanced data throughput, and optimized rollup performance, all key steps as Solaxy gears up to elevate Solana’s 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
The team recently announced the launch of their test network and a block explorer, which shows that the project is moving ahead at warp speed.
Its ambitions don’t stop there. Built with cross-chain technology, Solaxy also merges the best of Solana and Ethereum.
The project offers holders who stake SOLX a huge annual yield of 103% as well.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001732 each using BNB, ETH, USDT, or a bank card.
Anyone looking to buy SOLX will want to do so before the presale ends in just 25 days.
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