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- WIF rallied by 15%, post-Robinhood itemizing, sparking investor curiosity and market buzz.
- The memecoin might attain $5 if bullish momentum breaks resistance ranges.
Dogwifhat [WIF] has been on a wild experience in current days, with its worth hovering by 15% after a surge in shopping for exercise. This rally comes because the Solana-based memecoin captures rising consideration, particularly following its itemizing on Robinhood.
The itemizing has put WIF within the highlight alongside established crypto belongings like Dogecoin [DOGE], highlighting the rising mainstream acceptance of meme-based assets.
As retail and institutional curiosity rises, the large query is whether or not WIF can keep its momentum and probably hit $5.
A better take a look at worth and buying and selling exercise
Dogwifhat skilled important bullish momentum, with its worth rallying by 15% in current days. This surge coincided with a pointy enhance in buying and selling quantity, signaling heightened investor curiosity.
The RSI hovered across the impartial 50 mark, indicating room for additional upward motion with out being overbought.
Supply: TradingView
In the meantime, the OBV confirmed sustained shopping for stress, boosting WIF’s worth motion. Regardless of slight corrections, WIF persistently confirmed increased lows, indicating sturdy help ranges. This instructed that the rally might proceed.
Current exercise positions WIF for increased worth milestones, fueled by market enthusiasm and Robinhood’s pivotal itemizing.
Robinhood’s itemizing of WIF
Robinhood’s current choice to record Dogwifhat has made waves within the cryptocurrency world and signaled rising mainstream acceptance of memecoins.
This inclusion follows Robinhood’s cautious method to cryptocurrency listings prior to now, highlighting a shift in the direction of embracing a wider vary of belongings. The itemizing has not solely elevated WIF’s visibility but additionally fueled a surge in market curiosity, with buying and selling quantity rising considerably.
Because of this, WIF’s market capitalization has soared, solidifying its place as one of many high memecoins out there. Robinhood’s transfer alerts confidence within the long-term viability of meme tokens and showcases the platform’s evolving stance on cryptocurrency investments.
