{"id":376394,"date":"2024-03-15T06:00:47","date_gmt":"2024-03-15T00:30:47","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=376394"},"modified":"2024-03-15T00:31:30","modified_gmt":"2024-03-14T19:01:30","slug":"wif-rises-by-31-to-hit-a-new-ath-will-it-flip-pepe-now","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/wif-rises-by-31-to-hit-a-new-ath-will-it-flip-pepe-now\/","title":{"rendered":"WIF&#8217;s price up by 31%, hits new ATH &#8211; Is flipping PEPE the new prediction?"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">WIF now trades at a new all-time high.<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">However, volatility markers confirmed the possibility of a significant swing in the token\u2019s value.\u00a0<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a href=\"http:\/\/ambcrypto.com\/predictions\/dogwifcoin-price-prediction\" target=\"_blank\" rel=\"noopener\">Dogwifhat [WIF]<\/a> has rallied to a new all-time high driven by the market&#8217;s interest in memecoins<\/span><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">WIF prices rose by 54% over the last 24 hours to become the fourth largest memecoin at press time. <\/span><span style=\"font-weight: 400;\">According to coinmarketcap, WIF now holds a market cap of $3.3 billion and was inching close to PEPE&#8217;s market cap.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interestingly, the news follows a substantial purchase by a whale, on-chain sleuth Lookonchain noted in <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1767954408145637867?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1767954408145637867%7Ctwgr%5E7760ab062c57ae1c550dc922a03f1df0ac12a02a%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fambcrypto.com%2Fwp-admin%2Fpost.php%3Fpost%3D376394action%3Dedit\" target=\"_blank\" rel=\"noopener\">a recent post<\/a> on X (formerly Twitter).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Lookonchain, during the intraday trading session on 13th March, the whale spent\u00a0<\/span><span style=\"font-weight: 400;\">$1.26 million to buy 540,837 WIF in a single transaction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> The same investor had withdrawn\u00a0<\/span><span style=\"font-weight: 400;\">$2.02 million worth of SOL from Kraken on 12th March, which was then used to acquire 921,272 WIF at an average price of $2.19.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, WIF traded at $3.24. After logging a 43% surge in the last 24 hours, the dog-themed meme coin ranked as the crypto asset with the most gains during that period, per <\/span><a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap\u2019s<\/span><\/a><span style=\"font-weight: 400;\"> data.\u00a0<\/span><\/p>\n<h4><b>Look out for swings<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The double-digit spike in WIF\u2019s price in the past 24 hours came with a corresponding surge in market volatility.\u00a0<\/span><span style=\"font-weight: 400;\">By assessing the token\u2019s price movements on a daily chart, AMBCrypto found a wide gap between the upper and lower bands of its Bollinger Bands (BB) indicator.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A wide gap between these bands typically signifies increased volatility in the price of the underlying asset.\u00a0 Traders often interpret it to mean that an asset\u2019s price will experience severe fluctuations depending on general market sentiment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An assessment of WIF\u2019s Average True Range (ATR) confirmed the possibility of a swing in its price in either direction. This indicator measures market volatility by calculating the average range between high and low prices over a specified number of periods.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> When it rises, it signals an uptick in market volatility. At press time, WIF\u2019s ATR was 0.38, having risen by 5% in the last 24 hours.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">How much are\u00a01,10,100 WIFs worth today?<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Regarding WIF\u2019s next price direction, a look at a key momentum indicator revealed that a drawback might be imminent. Its Relative Strength Index (RSI) was 88.80.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An RSI of this value suggested that the meme coin might be overbought. At this high, buyers often experience exhaustion, leading to an almost inevitable decline.<\/span><\/p>\n<figure id=\"attachment_376396\" aria-describedby=\"caption-attachment-376396\" style=\"width: 2296px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/WIFUSDT_2024-03-14_09-44-56.png\"><img decoding=\"async\" class=\"size-full wp-image-376396\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/WIFUSDT_2024-03-14_09-44-56.png\" alt=\"WIF\/USDT 1-Day Chart\" width=\"2296\" height=\"1370\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/WIFUSDT_2024-03-14_09-44-56.png 2296w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/WIFUSDT_2024-03-14_09-44-56-300x179.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/WIFUSDT_2024-03-14_09-44-56-1024x611.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/WIFUSDT_2024-03-14_09-44-56-768x458.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/WIFUSDT_2024-03-14_09-44-56-1536x917.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/WIFUSDT_2024-03-14_09-44-56-2048x1222.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/WIFUSDT_2024-03-14_09-44-56-400x240.png 400w\" sizes=\"(max-width: 2296px) 100vw, 2296px\" \/><\/a><figcaption id=\"caption-attachment-376396\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WIF became the fourth largest memecoin at press time and its market cap was inching close to that of Pepe&#8217;s.<\/p>\n","protected":false},"author":64,"featured_media":376429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,5824,66,3,4,20],"tags":[],"class_list":["post-376394","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-memecoins","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>WIF&#039;s price up by 31%, hits new ATH - Is flipping PEPE the new prediction? 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