The Dogwifhat (WIF) price 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.
Despite recent gains, Dogwifhat continues to struggle as its price dropped by more than 7% in the past week and over 30% in the last month. GeckoTerminal data shows WIF price breaking through its $1.2451 support level.
If WIF breaks above $1.40, it might start a buying wave that could push the price to $1.7045 and possibly $2.1221.
The indicators present conflicting market directions. EMAs show price moving downward, but MACD suggests buyers may return soon. The MACD indicator lines’ movement toward each other will show if prices will rise or fall during the next few hours.
The Solaxy scaling project on Solana continues to attract investors as its presale approaches $16 million in funding. Solaxy wants to help Solana handle the growing meme coin demand by adding more computing power to its network.
The Solana network will benefit from this solution, which helps it handle higher 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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