Dogwifhat (WIF) Meme Coin Dominates Headlines as Whales Rush to Buy the Dip

Dogwifhat (WIF) has finally broken out of a multi-month falling wedge, with whales now rushing to buy the meme coin before its explosive push

Solana meme coins have once again begun to dominate the headlines. Fartcoin, Popcat, Bonk — and now Wif have already shown incredible strength.

Dogwifhat (Wif) has finally broken out of a multi-month falling wedge, with whales now rushing to buy the meme coin before its explosive push toward new highs.

Dogwifhat price predictions from prominent analysts suggest that sidelined investors could perhaps get one final opportunity to buy Wif before the parabolic rally.

Is Dogwifhat Hitting A Triple Bottom At $0.60?

All major indicators now confirm a breakout in Dogwifhat’s price. The meme coin’s prolonged downtrend appears to be over, signalling the end of a month-long wait for its holders — and the beginning of what could be a powerful upside rally.

Wif has breached the upper trendline of its multi-month falling wedge as well as the neckline of its inverse head-and-shoulders pattern, both incredibly bullish signals.

Prominent crypto trader CRG also indicates that the Dogwifhat has finally broken above its Ichimoku clouds in the daily timeframe.

Indeed, smart money investors are extremely optimistic about a bullish reversal in Wif.

Dogwifhat price prediction from Solberg Invest sets ambitious mid-term targets, eyeing a move toward $1.10 and potentially $1.70, if bullish momentum sustains.

Solberg may even be underselling Wif’s bullish strength. Most Solana meme coins are replicating Fartcoin’s recent rally, which cooled off only after hitting its 0.382 Fibonacci level.

If Wif follows the trend, it could reach $2 in the mid-term and a new all-time high in the long term.

Owing to its high upside potential, sidelined investors shouldn’t think twice about buying Dogwifhat at its current price. Just a few hours before press time, a whale with over 70% win rate has invested nearly $30k into Wif at $0.639. Another whale invested over $150k at $0.55.

However, swing traders would wait for another retest of the $0.60 support level. There is, however, a possibility that they may never get it, considering the bullish strength of Solana meme coins.

Could Solaxy Offer 10x Returns?

Smart money investors are going all in on Solana meme coins. They aren’t satisfied with just the blue-chip coins either.

Whales have been pouring six-figure investments into Solaxy (SOLX), the first prominent Solana layer-2 coin. Owing to the strong whale demand, the SOLX presale has raised nearly $32 million in its ICO in short order.

Solaxy is quickly establishing itself as a key part of Solana’s ecosystem. Its Layer-2 scaling solution is designed to tackle Solana’s network congestion issues.

With Solaxy, both SOLX and SOL holders can be sure of low-cost and fast transactions, zero downtime and high scalability, even during the busy meme coin season.

The developer team recently released its testnet’s block explorer, which has already created significant buzz. The ZK rollup, integration with data availability tools like Celestia and a Hyperlane-powered multi-chain bridge are coming down the pipeline.

Owing to its unique value proposition, SOLX has established itself as an attractive investment. The top Bitcoin and Ethereum L2s have multibillion-dollar valuations. On the contrary, SOLX is a low-cap coin, which means high upside potential in the upcoming bull run.

Several prominent investors are already viewing it as the next 10x crypto.