Key takeaways

• Dogwifhat’s price prediction suggests a recovery to $1.82 by the end of 2024.
• WIF could reach a maximum price of $7.66 by the end of 2027.
• By 2030, WIF’s price may surge to $12.49.

Remember Dogecoin and Shiba Inu? The popular dog-themed memecoins!

Dogwifhat (WIF) is another dog-inspired memecoin built on the Solana blockchain. Despite being relatively new on the market (launched in November 2023), the “dog wif a hat” project saw remarkable success post-launch.

Following the token’s exchange listing on Binance and the popular “Sphere Wif Hat” campaign, which led to a crowdfunding of over 690,000 USDC, the value of WIF surged, temporarily usurping PEPE coin in late March 2024 to rank as the third largest meme coin behind Dogecoin (DOGE) and Shiba Inu (SHIB).

Having no utility, the success of dogwifhat (WIF) has birthed another spinoff, catwifhat, with more hat-wearing dog memecoins expected to hit the market soon. Having closed in on the $5 mark on March 31, 2024, can WIF reach $10 soon?

Let’s explore the current market sentiments, and the possibilities of WIF reaching new all-time highs (ATHs).

Overview

Dogwifhat price prediction: Technical analysis

Dogwifhat (WIF) price analysis: WIF trading within consolidation zone

TL;DR Breakdown

• Dogwifhat (WIF) resistance is present at $1.622.
• WIF’s support level is present at $1.351.
• WIF targets $1.761 should a bullish breakout occur.

Dogwifhat price analysis 1-day chart: WIF/USD to break above $1.622 soon?

The WIF/USD 1-day price analysis for August 21 shows the token in a sideways trend, consolidating within the $1.257 – $1.957 range over the past sixteen (16) candle sticks. Dogwifhat (WIF) recently touched the $1.622 price level but met with selling resistance falling below $1.60. If the price breaks above $1.622, it could retest $1.761 and then approach $1.957, should a bull market ensue.

WIF/USD to break above $1.622 soon?

In the event of a bearish momentum, WIF could fall to previous lows and its major support at $1.257. The RSI at 41.99 suggests that Dogwifhat (WIF) is in a neutral zone, corroborating the price consolidation, and the potential for a breakout in either direction.

Dogwifhat price analysis 4-hour chart: WIF currently trading above 20-day SMA

The WIF/USD 4-hour chart shows a clear downtrend followed by a period of consolidation. WIF recently attempted to break out but faced resistance near the upper Bollinger Band. The Bollinger Bands are widening, indicating increased volatility and a potential upcoming breakout.

WIF currently trading above 20-day SMA

The MACD indicator shows slight bullish momentum as the MACD line is crossing above the signal line with positive histogram bars, though it remains weak. Traders should watch for a decisive move beyond either the upper or lower bands to confirm the next direction. A break above the $1.653 level could signal a bullish continuation, while a drop below $1.488 could resume the bearish trend.

Dogwifhat technical indicators: Levels and action

Daily simple moving average (SMA)

Daily exponential moving average (EMA)

What to expect from WIF price analysis?

Our analysis shows that the WIF market sentiment is currently neutral, with the token trading just below its resistance at $1.622. A strong position by the bulls could result in a retest of the $1.761 resistance level, while a failed attempt could see WIF drop to $1.351.

Is Dogwifhat a good investment?

Dogwifhat has experienced notable price fluctuations, particularly with a substantial increase in value beginning in late February 2024. While analysts hold diverse opinions on the future of this meme coin, the prevailing sentiment is optimistic. Projections indicate that by 2030, the price could rise to between $9 and $12, highlighting significant potential for further growth.

Where to buy WIF?

Currently, traders and investors can buy Dogwifhat (WIF) on these CEXs: Binance, KuCoin, HTX, Bybit, Bitget and several others.

Will WIF reach $10?

Having already reached about $5 on March 31, 2024, the $10 target might not be too far-fetched. Predictions by analysts suggest the token could attempt a push for $10 by 2025.

Will WIF reach $100?

Dogwifhat (WIF) reaching $100 is highly ambitious and would require exceptional growth, widespread adoption, and wild market speculation.

Does WIF have a good long-term future?

WIF has the potential for a good long-term future if it continues to gain popularity and adoption. Analysts project a market price of about $7 by 2025 and $20 by 2030. However, as with all meme coins, its future is uncertain and highly dependent on market trends and community support.

Recent news/opinion on Dogwifhat (WIF)

• Elon Musk interacts with Dogwifhat. Holders perceive a bull run in the near future.

• Dogwifhat (WIF) named Forbes’ best-performing cryptocurrency of the first half of 2024.

Dogwifhat price prediction August 2024

If the bulls back WIF, the token could recover to a peak of $1.82, and an average trading price of $1.54 in August 2024. A bearish outlook for the market could see WIF drop to as low as $1.23.

Dogwifhat price prediction 2024

Impactful updates and major collaborations in Q3 and Q4 of 2024 may positively affect the value of WIF, recapturing the $3 level to reach a maximum price of $3.65. On the flip side, negative market sentiments could knock WIF down to a minimum price of $1.49. On average, WIF tokens could trade at around $3.54.

Dogwifhat price prediction 2025-2030

Dogwifhat (WIF) price prediction 2025

The WIF price prediction for 2025 anticipates a surge in price, resulting in a maximum price of $4.27. Based on expert analysis, investors can expect an average price of $4.12 and a minimum price of about $3.58.

Dogwifhat price forecast 2026

According to the WIF price forecast for 2026, Dogwifhat is anticipated to trade at a minimum price of $4.91, a maximum price of $6.07, with an average price of $5.95.

Dogwifhat price prediction 2027

The WIF price prediction for 2027 indicates a continued rise with minimum and maximum prices of $6.41 and $7.66, respectively, as well as an average price of $7.42.

Dogwifhat price prediction 2028

Dogwifhat price is expected to reach a minimum of $7.04 in 2028. The maximum expected WIF price is $8.21, with an average price of $7.68.

Dogwifhat price prediction 2029

The WIF price prediction for 2029 estimates a minimum price of $7.90, a maximum price of $9.06, and an average price of $8.31.

Dogwifhat price prediction 2030

The Dogwifhat price prediction for 2030 suggests a minimum price of $11.23 and an average price of $12.14. The maximum forecasted Dogwifhat price is set at $12.49.

Dogwifhat (WIF) price prediction chart 2024 – 2030

Dogwifhat market price prediction: Analysts’ WIF price forecast

Cryptopolitan’s Dogwifhat (WIF) price prediction

Cryptopolitan’s WIF price prediction proposes a bullish outlook for Dogwifhat’s future price should the market recover soon. According to our expert analysis, WIF might record a maximum price of $5 by the end of 2024, and an average price of $6.4 in 2025 if the bulls back the token.

Dogwifhat historic price sentiment

WIF price history from coinmarketcap

• Dogwifhat (WIF) launched in November 2023, and traded within the range of $0.1 – $0.3 for the remainder of 2023.
• WIF started 2024 at $0.15 and surpassed the $0.5 mark on January 18. However, the token soon faced rejection, plummeting to $0.1795 on February 6.
• A bullish wave followed, taking Dogwifhat (WIF) to $0.90 by the end of February. Further upsides were experienced in the market, pushing WIF to $3.60 by mid March. The token reached its all-time-high (ATH) of $4.85 by March ending.
• Mirroring the overall crypto market sentiment, WIF fell to $1.95 in April, but consolidated between $2 – $4 till May 29, 2024.
• The bears took control of the market in June which saw WIF return to its early March 2024 levels, trading as low as $1.4831.
• In July, WIF experienced a mixed market, reaching a high of $2.895, and closing the month at $2.1765. At the time of writing, August 2024, WIF is trading within the range of $1.47 to $1.60.