Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»WIF up 21% on weekly chart
ALTCOIN NEWS

WIF up 21% on weekly chart

By Crypto FlexsAugust 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
WIF up 21% on weekly chart
Share
Facebook Twitter LinkedIn Pinterest Email
  • WIF surged 21% on the weekly chart.
  • Dogwifhat’s outstanding contracts increased by 51.5% over the past week.

The cryptocurrency markets have experienced extreme volatility over the past two weeks. Most cryptocurrencies are recovering after the market crash a week ago.

In this recovery, memecoins have taken the lead, with WIF leading the pack. Dogwifhat (WIF), a Solana-based memecoin, has outperformed other memecoins and posted significant gains.

Dogwifhat leads the Mimecoin market

WIF has shown significant upside, outpacing most meme coins on the weekly chart.

First of all, SHIB has recorded 3.17% over the past 7 days, while DOGE has recorded a low gain of 3.47% on the weekly chart, and PEPE has enjoyed a gain of 5.41%.

As the cryptocurrency markets are seeing a significant recovery, most meme coins are showing gains on the daily and weekly charts, with WIF leading the way.

The surge has analysts betting that WIF will lead the memecoin industry. On Page X, Platinum Capital shared:

“If the market holds and #wif can hold 1.8, we will move on from #dogwifhat. $wif can lead the next phase of this #memecoin.”

What the price chart suggests

At the time of writing, WIF was trading at $1.86 after a 21.34% surge last week. Similarly, Mimecoin had a market cap of $1.8 billion, up 3.17%.

However, while the altcoin has seen a surge in price, its trading volume has decreased by 37.51% over the last 24 hours, reaching $255.5 million.

Source: Tradingview

If we look at the Advance Decline Ratio (ADR) of Altcoins, it is 1.15, which suggests that the asset is experiencing more appreciation than losses, indicating bullish market sentiment.

Also, RVGI has been trending upward from -0.4 to -0.12 in the past week. While still below zero, the uptrend shows that the uptrend is gaining momentum as market sentiment changes.

Source: TradingView

Also, the Relative Strength Index (RSI) rose from 29.6 last week to 47.14, which shows that WIF was under sustained buying pressure last week, which pushed up the price.

Source: Coinglass

Looking more closely, AMBCrypto’s Coinglass analysis shows that WIF open interest has surged by 51.1% in the past week. Open interest has increased by 51.5% from $165 million to $250 million in the past week.

This shows that investors are opening more new positions while maintaining existing ones.

Source: CoinGlass

This phenomenon is further evidenced by the low liquidations of long positions over the last 48 hours. WIF liquidations of long positions have decreased from a high of $3.7m to $71.8k last week.


Realistic or not, WIF’s market cap in BTC terms is as follows:


This shows that those holding long positions are willing to pay a premium to hold their positions.

Therefore, if the current market conditions and sentiment hold, WIF will challenge the next important level of $2.3, especially if the daily candlestick closes above $1.89.

Next: Cardano Warning: Why ADA’s Price Level is $0.43

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Despite market volatility

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

How does it affect Bitcoin?

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025
Most Popular

FTX’s Nishad Singh seeks exemption from prison sentence

October 17, 2024

Immutable (IMX) Integrates zkEVM with Fireblocks to Expand Global Access to Web3 Games

August 17, 2024

Web3 Launchpad and platform OverHere launches $HAWK

November 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.