Dogwifhat (WIF), the popular Solana-based meme coin, is surging again—setting sights on a potential 80% breakout to $1.80. After briefly dipping to $0.92, WIF reversed course and now trades above $1.00, signaling renewed bullish momentum.
Meme coins across the board are igniting. Pepe (PEPE) and TRUMP lead with 10% and 8% gains respectively, while Dogecoin (DOGE) and Shiba Inu (SHIB) show steady growth of 3.5% and 2.4%.
With meme tokens capturing $75 billion in market cap, second only to DeFi's $115 billion, retail and speculative interest is booming. Open Interest (OI) in Dogwifhat futures spiked over 10% in 24 hours, now standing at $408 million, per CoinGlass. This reflects an influx of new money and rising trader commitment.
Short sellers were caught off guard—$1.44 million in short liquidations outpaced long liquidations, highlighting elevated volatility and bullish control.
On the 4-hour chart, WIF broke above a classic bull flag after retesting support near $0.92 and the 50-day EMA at $0.98. Technical analysis suggests a breakout target of $1.80 if momentum holds—calculated by projecting 50% of the prior flagpole height from the breakout level.
As meme coin mania returns, Dogwifhat is proving it has more bark—and bite—than most expected.
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