WIF takes advantage of the meme craze to surge strongly
Dogecoin 'Post-Wave' WIF (dogwifhat) breaks through strongly under the booming meme sector, with a 24-hour increase of up to 6.8%.
Previously, the market expected it to rise 33% from the median level, but it has already exceeded expectations: skyrocketing from $0.54 to $1.18, with a cumulative increase of 114%, setting a new recent record.
Technical analysis: Strong buying pressure, possible brief consolidation
The daily chart shows that OBV continues to rise, reaching a three-month high, and with the breakout of the range high, it indicates that market buying demand remains strong. RSI has risen to 82; although it is currently overbought, there is no significant divergence, suggesting that the current trend has not yet peaked.
4-hour chart: Slight pullback does not change the strong tone
In the short term, there is some selling pressure at $1.18, with RSI retreating from high levels to 66. The price briefly retraced to $1.07 before stabilizing. OBV has slightly risen over the past three days, indicating limited downside momentum, and the pullback may have been completed.
Short-term key level: $1.21 becomes the new target
Coinglass data shows a large number of liquidation orders in the $1.21 area, creating a 'magnetic zone' that attracts price upward. If WIF holds above $1.10, it is expected to challenge the $1.21-$1.26 range shortly; if it breaks below, it may retrace to the $0.94-$1.00 area.
