Dogwifhat (WIF) Price Surges Over 14% in the Last 4 Hours, Reaching $1.34

This pump comes as investors are showing growing interest in the Solana-based meme coin. Despite recent gains Dogwifhat continues to struggle

The price of Dogwifhat (WIF) has surged over 14% in the last 4 hours, reaching $1.34 by 12 p.m. EST. This pump comes as investors are showing growing interest in the Solana-based meme coin. 

However, despite recent gains Dogwifhat continues to struggle as its price has decreased by more than 7% during the past week and by over 30% during the last month. According to data from GeckoTerminal, the price of WIF has broken through its $1.2451 support level. 

If it fails to quickly break above $1.30 during the next 4-hour session, the price of WIF will likely continue downward to $0.8065. On the other hand, if WIF breaks above $1.40, it might start a buying wave that could push the price to $1.7045 and even $2.1221.

The indicators are presenting conflicting signals for the future direction of WIF. While the EMAs are indicating a downward price movement, the MACD is suggesting that buyers may return soon. The movement of the MACD indicator lines toward each other will be crucial in determining whether prices will rise or fall during the next few hours. 

Meanwhile, the Solaxy scaling project on Solana has attracted over $16 million in presale funding as investors continue to show interest in the solution. Solaxy aims to help Solana handle the growing meme coin demand by adding more computing power to its network. 

This solution will be beneficial for the Solana network, which has been struggling to keep up with the high demand from meme coin developers. The upcoming period will test how well Solaxy’s presale performs and whether Dogwifhat’s technology can deliver on its promises.

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