dogwifhat (WIF) is currently facing a steep decline, prompting renewed interest from traders looking to profit from short-term volatility.
Despite recent losses, some believe there’s still strong potential for future growth — making this meme coin a hot topic for technical analysis and trading opportunities.
Source – CryptoCache YouTube Channel
dogwifhat Price Prediction
Over the past 24 hours, WIF dropped nearly 2%, adding to an 18% decline over the last month. However, a broader view shows the asset still holds a 7% gain over the past week and previously rallied more than 14%. Short-term momentum remains bearish, but the overall trend appears more complex.
WIF currently commands a market cap of around $836 million — just under the symbolic $1 billion mark it briefly held. This represents a steep drop from its all-time high market cap of $4.57 billion in early 2024 and nearly $4 billion near the end of that year.
Despite the recent dip, WIF continues to show strong year-over-year growth. In past market cycles, it competed with leading meme coins like Pepe, many of which still trade above the billion-dollar mark. This performance suggests WIF could be undervalued in the current market.
Technical analysis shows WIF forming an interesting setup for short-term traders. On the macro chart, the price broke below a long-term ascending trend line. A recent retest failed to push back above it, reinforcing the bearish outlook.
A key Fibonacci support level lies near $0.87, lining up with the 55 EMA. This area may serve as the next critical support zone. If WIF continues its descent, traders could target this level for a potential 8.93% profit on a short position.
The chart also hints at a possible bull flag forming at the top of the previous uptrend. These patterns often suggest bullish continuation, but confirmation hasn’t arrived yet. For now, price action remains inside the flag, pointing to an imminent breakout or breakdown.
Next SOL Meme Coin To Watch: Solaxy (SOLX)
Solaxy (SOLX), a new Layer 2 on Solana, is about to hit $50 million raised with under two days left before its official launch. The excitement around this Solana-based Layer-2 project keeps growing.
Buying $SOLX is easy. Investors just connect their crypto wallet to the official Solaxy presale site and pay with SOL, ETH, BNB, USDT, or a bank card. They can also use the Best Wallet app, available on iOS and Android. Right now, $SOLX holders can stake their tokens and earn 83% APY.
Most Layer-2 projects only bundle transactions and stop there. Solaxy aims higher. The team uses roll-up tech to group thousands of Solana transactions and send back a clean summary — but they didn’t stop there.
That Burn effect hits hard. 
The Solaxy Era has arrived. 
pic.twitter.com/6GWsJECRU7
— SOLAXY (@SOLAXYTOKEN) June 14, 2025
They also built a Hyperlane-powered bridge that lets users move assets between Solana, Ethereum, and Solaxy without switching wallets or dealing with long delays.
Solaxy’s Igniter Protocol makes it easy to launch a meme coin with no coding needed. Once launched, the new coin will appear automatically on Solaxy’s upcoming DEX when trading starts.
Developers also get useful tools, like a live block explorer. $SOLX covers everything — transaction fees, staking, and governance — creating a working ecosystem instead of a bunch of disconnected features.
To boost interest, Solaxy launched a contest on Cantina XYZ. Participants can explore the project and compete for a $30,000 USDC prize pool before June 30.
On June 12, the team burned 35 billion $SOLX tokens, worth about $62 million at presale prices. That’s 25% of the total supply — a move that changed the game.
Visit Solaxy
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