dogwifhat Price Prediction: 2024, 2025, 2030

WIF price prediction: Key highlights

1. Primary support and resistance levels

• Over the daily time frame, $4.6 can pose significant resistance to an uptrend. 
• $1.5 was the lowest price floor for the token.

2. Market sentiment

• As of July 2024, the market sentiment has been observed to be bullish.

3. Predictive forecasts

• Our AI/ML predictive algorithms anticipate WIF attaining an average trading price of over $100 in 2028 and $19,000 in 2035.

Get in-depth insights into WIF’s future trajectory through a comprehensive daily technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

WIF technical analysis: Bulls make a strong comeback

The memecoin mania has been the star of 2024, with Solana (SOL)-based memecoins exceeding expectations. One of the stand-out contenders has been WIF. Thus, to understand what lies ahead for this token, the dogwifhat price prediction for 2024 becomes pivotal.

The initial period was characterized by the token’s struggle to overcome the peak chart resistance of $2.9. A rejection at this level led to retracement below $2.4. The price briefly rebounded from its lows, a pattern observed several times in the past months. 

Yet, the momentum waned shortly above the $2.4 mark, leading to a continued decline. This drove the token to its lowest chart support of $1.5 in late June. 

AMBCrypto highlighted that WIF fell out of the top 50 cryptocurrencies by market capitalization during this time. Furthermore, as indicated by CoinGlass data, confidence in WIF's recovery remained low among traders who stood to lose millions if the WIF price rebounded.

Nonetheless, the token defied expectations as it reclaimed the $1.9 support. This pump was triggered by substantial whale accumulation, backed by an investment of 4.65 million to purchase 2.3 million tokens. Moreover, WIF regained its position among the top 50 cryptocurrencies.
 

As the calendar turned to July, the token experienced another bearish blow, returning it to the lowest support. The tides shifted once more in mid-month as the buying pressure built up. AMBCrypto reported that the token surged 25.1% on July 15, exceeding $1.9. This paved the way for further highs as the rally extended to $2.4.

The analysis indicated that a breakout above this local high was near and would reverse the market conditions in bullish favor. This materialized swiftly, and the renewed uptrend carried the token to the highest chart barrier later in the month.
 

The retest resulted in yet another rejection. Consecutive red candles brought WIF to $2.4. At press time, it exchanged hands at $2.5.

How high/low can WIF go in 2024?

AMBCrypto’s recent analysis highlighted that while the peak chart barrier could cause prices to dip briefly, the bullish reversal has increased the odds of it going as high as $4.0. After that, $4.6 remains the only barrier between WIF and its all-time high (ATH).

Nonetheless, if sell-offs counter the buying pressure, a move toward the $1.9 support level can likely occur.

Our advanced predictive models project WIF's ascendance over the coming years. The outlook predicts an average trading price exceeding $100 by 2028, with an audacious goal of reaching $19,000 by 2035.

WIF's 2024 roadmap: Key indicators to watch and trade

• The On-Balance Volume’s (OBV) descending momentum was reversed in late June. The indicator picked up after another early July drop and moved north again.
• Moreover, the values turned positive by mid-July. At the time of writing, the indicator had slightly dropped to 11.929 million. This highlighted a cooling off of buying pressure.
• The Directional Movement Index (DMI) reflected the market's underlying sentiment, with the dominant -DI line. Meanwhile, the +DI line remained the lowest, briefly crossing the ADX line in mid-June.
• The dynamics shifted in mid-July as the -DI line dropped below the ADX line. Furthermore, the +DI line climbed over both lines. The bullish trend strengthened as the ADX line emerged dominant in late July. At the time of writing, the values were the ADX line at 25.1431, the +DI line at 24.7855, and the -DI line at 17.7478. 
• The trading volume remained relatively average, with intermittent spikes observed during price recoveries and substantial drops. It receded following the latest peak rejection, highlighting investor caution.