Robinhood EU To List WIF Memecoin — Dogwifhat Price Hits All-Time High
WIF at the all-time high as Robinhood announces listing.
ha Key Takeaways
- Dogwifhat (WIF) price surges after Robinhood listing announcement.
- KuCoin and Binance Futures also list WIF, boosting its presence.
- WIF’s price trajectory suggests potential for future uptrend to $1.50.
Solana-based memecoin, Dogwifhat (WIF), saw a price surge following the news that Robinhood EU would list the token. This was highlighted by Wu Blockchain , who noted a 5.3% increase in WIF’s price to $0.87 within 24 hours of the announcement.
Several other exchanges, including KuCoin and Binance Futures, have also listed WIF. KuCoin initiated spot trading for WIF on January 18, and Binance Futures introduced a WIF perpetual contract the same day, with up to 50 times leverage. WIF token crossed $1 and is trading at its all-time high. But what’s next for WIF’s price, considering it was already in a 272% uptrend since February 24?
Dogwifhat (WIF) Price Analysis
WIF started its major uptrend from a low of $0.067 on January 8. After that, it hit a high of $0.51 on January 18. A correction followed, with the price going to a higher low of $0.17 on February 7.
From there, a new uptrend started, leading to a new all-time high of $1 at its peak on March 1 2024, marking an increase of over 1400% since January’s low. The four-hour Relative Strength Index showed overbought conditions on February 26 and was above 70% until February 29. The RSI fell below 70% but, at the time of writing (March 1 2024), it is back up above it.
With an ascending channel forming since February 28 and wave count showing the possibility of the price being in its third wave a correction is likely to take place. WIF could return to $0.70 but, if it is in a larger uptrend, we could see another advancement after it ends.
Our next likely target would be $1.50, but depending on the depth of the expected retracement, this target can change.
Disclaimers
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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