Dogwifhat (WIF/USD) Is Bouncing Back From a Prolonged Downtrend, Prompting Traders to Speculate Whether the Popular Meme Coin Has Finally Found Its Bottom

Pseudonymous trader TheFlowHorse sees WIF as a strong play for a potential bounce, while prominent analyst Kevin highlighted to his followers that WIF hit “peak fear” under one dollar.

Dogwifhat (WIF/USD) is surging back from a prolonged downtrend, leaving traders speculating whether the popular meme coin has finally found its bottom.

Trader Notes: Pseudonymous trader TheFlowHorse sees WIF as a strong play for a potential bounce, while prominent analyst Kevin highlighted to his followers that WIF hit “peak fear” under one dollar.

He suggests a strong weekly close, combined with dovish Fed comments, could push WIF beyond $2.

Crypto trader Bluntz Capital believes WIF has bottomed, noting that he sees a strong chance of a rebound.

this ironically has potential to be the $wif bottom.

the major A wave has now been swept, the bear market obviously lasted longer than i had originally anticipated but there's some nice signs of life forming here on ltfs.

obviously very early days and we haven't seen a 5 wave…

Crypto trader Ansem calls WIF the "original coin that led the entire bull market," highlighting its role as the first organic Solana meme coin to hit a billion-dollar valuation and drive the meme coin super cycle thesis.

Statistics: Dogwifhat's 16.7% daily rally makes it the top gainer among major meme coins, with 24-hour trading volume hitting $1.1 billion.

Community News: Dogwifhat's official X account teased "Viva La Vegas" with an image of WIF on the Vegas Sphere, hinting at an upcoming event in Q1. The post concluded with: "Hat stays on."