🧢 Dogwifhat ($WIF ) Breaks Free! Eyes 80% Surge to $1.80 as Meme Coins Ignite! 🚀🔥
The Solana meme coin sensation, Dogwifhat ($WIF), is continuing its impressive climb, currently trading around $1.00-$1.15 after touching $0.92! After a brief rejection from the $1.31 zone on May 12th, WIF is showing renewed strength and signaling a potential significant move upwards.
Meme Coin Mania Continues!
The entire meme coin sector is on fire!
* $PEPE and $TRUMP are seeing solid gains (around +3% and +76% over the last month respectively as of May 22, 2025), reflecting strong market sentiment.
* $DOGE and $SHIB are also maintaining positive momentum, showing the broader bullish trend for dog-themed tokens.
On-Chain Signals are SCREAMING Bullish:
* Rising Open Interest (OI): WIF's futures market OI has surged over 10% in the last 24 hours to $408 million, indicating fresh money and increasing trader interest.
* Increased Trading Volume: WIF's trading volume has also seen a near 10% rise to $1.73 billion, confirming strong market involvement.
* Short Squeeze Potential: A significant jump in short position liquidations ($1.44 million vs. $996,000 in longs liquidated) highlights high volatility and bearish traders getting squeezed as WIF pushes above $1.00.
Technical Setup: Bull Flag Breakout!
Dogwifhat's price has just broken above a bull flag formation on the four-hour chart after testing crucial support at $0.92 (just below its 50-day EMA at $0.98).
🎯 The Target? A Massive 80% Surge to $1.80!
Based on technical analysis, measuring the flagpole height and extrapolating from the breakout point, WIF could be on its way to a significant 80% breakout objective, targeting $1.80!
Are you ready for WIF's next big leg up? Drop your thoughts! 👇