The well-known meme token Solana’s WIF (WIF) has surged by approximately 8% today to reach $1.85. Currently, it is facing a strong resistance level, but if it manages to break through this, the meme coin could potentially rise by another 50%.
Will WIF be ready for a comeback or will it continue its downward trend? The current cryptocurrency buzz, which seems to be growing, offers dogwifhat a chance to explode in the coming days and weeks.
Is WIF preparing for a return or is it going to keep falling? With the increasing hype around cryptocurrencies, dogwifhat might have an opportunity to soar in the near future.
Gaat dogwifhat verder stijgen? Dit zeggen de on-chain signalen
There’s a growing interest in meme coins like Dogecoin, which is once again on the rise, a common occurrence when the crypto market is surging. As large cryptocurrencies increase in value, investor confidence and risk tolerance tend to grow as well.
This ensures that even the most speculative meme coins, being the most volatile cryptocurrencies in the market, also rise. Due to their volatility, meme coins can increase significantly more than large cryptocurrencies.
In the chart below from Coinglass, you can see that the number of long positions for WIF has increased today. Currently, the ratio stands at 1.05, with 51% being long-positions. This suggests that WIF may continue to rise further today.
On Binance, approximately 80% of the traders hold a long position in WIF/USD perpetuals. This suggests that traders on Binance anticipate further increases in the value of WIF against USD.
Currently, it seems that bullish traders and investors are gaining the upper hand, which could potentially allow WIF to make a breakout above a significant resistance today.
WIF koers klaar voor 50% rally
Currently, the stock of this dog company is on a course of $1.85, but still has much room to grow after its 28% drop within the last month. This is also beneficial for investors who decide to jump in today, as there are fewer traders prepared to sell at a profit.
The strength is further reinforced by the Relative Strength Index (RSI) of 47, indicating that WIF continues to build momentum. However, when the RSI exceeds 70, the risk for a correction increases significantly as more traders are likely to sell for profit.
The RSI of 47 suggests WIF is accumulating momentum, but once it surpasses 70, the likelihood of a price adjustment rises because many traders may opt to cash out their profits.
The dog’s course is situated very close to its 30-day moving average (yellow), a resistance level that has been suppressing the meme coin since early December. A breakout above $1,85 could mark the end of the downtrend and the beginning of an uptrend.
The resistance, roughly around $2.20, is formed by the peak at the start of this month and the 200-day moving average (indicated in blue). A rise towards this resistance suggests that WIF could potentially increase by 18%. However, a breakout above this level could amplify this growth to as much as 50%, reaching $2.75.
As a crypto investor, it seems like the intense selling pressure experienced by WIF might indicate a fantastic moment to jump in, considering the ground may have already been reached. If the market sentiment rebounds from today, significant surges could be on the horizon for WIF and other meme coins.
Welke crypto meme nu kopen?
The surge in popular crypto memes such as doge, hinting at a potential comeback for meme coins. This isn’t just positive news for large meme coins with a market cap of $1 billion or more, but also for smaller ones. Volatile small meme coins could generate high profits during a meme coin rally.
In this article, we’ll explore three rising meme coins that have garnered significant attention from investors. With a new rally for meme coins underway, early investors may potentially become wealthy in the first quarter of 2025. Today, you can still purchase these cryptocurrencies during their presale.
Wall Street Pepe ($WEPE)
Pepe, not just Dogecoin, has made a strong comeback this week with an almost 9% surge over the past 24 hours. This is good news for Wall Street Pepe ($WEPE), one of the largest meme coin presales currently available. $WEPE has raised approximately $50 million so far in its presale.
Diamond Hands is maintaining the launch of $WEPE because token holders gain access to an exclusive community where you can utilize elite trading insights. Depending on the quality of these insights, you could earn a substantial amount by holding onto $WEPE, but the meme coin itself could also increase significantly in value.
With great memes comes great responsibility.
— Wall Street Pepe (@WEPEToken) January 15, 2025
Today, you can buy WEPE for $0.00036649 per piece and stake your tokens immediately for an annual percentage yield (APY) of 25%. Since the presale was launched in December and has already raised over $50 million, there is high anticipation that the price will skyrocket after the presale.
Nu naar Wall Street Pepe
Keep an eye out for Flockerz ($FLOCK), an intriguing community token, in January! This new meme coin raised over $10.4 million during its presale and is expected to sell out next week. The Vote-to-Earn mechanism of $FLOCK allows its holders to earn money.
A Decentralized Autonomous Organization (DAO) allows community members to vote on changes within a project. However, the DAO of Flockerz is different because you earn $FLOCK tokens when you cast your vote. This makes Flockers not only decentralized but also profitable for users.
After the vote is over The Flocks still family!
— Flockerz (@FlockerzToken) January 16, 2025
Investors who buy $FLOCK for $0.0066883 per piece during the presale have the opportunity to stake their tokens with a current Annual Percentage Yield (APY) of 269%. Due to its unique earnings model for token holders, $FLOCK has the potential to become very valuable after launch.
Nu naar Flockerz
Pepe’s Mind ($MIND) is a fresh pre-sale that could ride the wave of hype surrounding meme coins like Pepe. Additionally, it benefits from the growth of AI. In just a few days, the pre-sale has already raised nearly $2 million. Discover the power of this emerging AI tool, designed to help traders and investors make even more money from crypto.
The AI Agent from Mind of Pepe can swiftly scan data and messages from social media platforms, allowing it to determine the current sentiment surrounding various topics. It then summarizes these insights for $MIND shareholders, helping them make informed decisions about buying cryptocurrencies before they surge in value.
Investing in $MIND for your new project is certainly a small investment worth considering for interested parties, given its advantages. You can purchase $MIND today at $0.0031384 per piece. As one of the early investors, you can stake these tokens currently earning an Annual Percentage Yield (APY) of 1049%. This is equivalent to approximately 3% extra tokens every day.
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2025-01-17 15:05