The price of Dogwifhat (WIF) has surged by 120% following its listing on Coinbase, while POPCAT has seen an impressive 300% increase. These recent developments have generated interest among traders and investors, with many speculating that both tokens have further growth potential. As the market continues to monitor the performance of these meme coins, experts have provided technical insights into their price action and potential targets.
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What you'll learn 👉
Dogwifhat (WIF) Price Surge: Coinbase Listing Drives Momentum
The recent rally in Dogwifhat (WIF) has been driven primarily by its listing on Coinbase, a move that has resulted in a 120% price increase. Crypto expert Lucky shared on X (formerly Twitter) that the token’s price has climbed from a support zone near $2 to over $4 in a matter of days.
This breakout occurred after the WIF price had been trading within a symmetrical triangle pattern, suggesting that a significant move was likely. The current price level is now testing resistance around the $4.2 mark, with $5 projected as a potential target if the momentum continues.
Lucky’s tweet indicates that the bullish sentiment surrounding WIF may continue, but advises traders to secure their profits. Since listing on Coinbase the token has received a lot of attention which has also increased the buying pressure. Further growth is feasible, but the market players are advised to do their research (DYOR) about the risks somehow involved.
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POPCAT Price 300% Surge: A Fibonacci-Driven Rally
POPCAT has also seen massive price movement, with a 300% increase in recent days. Crypto analyst Sjuul from AltCryptoGems mentioned on X that this rally has been guided by Fibonacci levels, which have been respected throughout the price action.
The POPCAT chart shows a strong uptrend, with the price breaking past previous resistance levels. The token formed a base between $0.6 and $0.7 before initiating the breakout, pushing past the $3.00 mark.
The Fibonacci retracement and extension levels have provided a reliable framework for identifying support and resistance during the move. This has allowed traders to follow the price action step by step, with many potentially benefiting from the guided analysis. The strong price action in POPCAT suggests that further upward movement could occur if key resistance levels are cleared.
Price Projections: What’s Next for WIF and POPCAT?
Dogwifhat (WIF) and POPCAT have reached key price levels, but the question remains: will the momentum continue? WIF’s next target is $5, with the potential for even higher prices if it continues to respect its bullish trend. Meanwhile, POPCAT may see further gains if it can maintain its current momentum and break through higher resistance zones.
Traders are watching the markets closely, with both tokens showing strong bullish trends. However, meme coins’ volatily nature means caution must always be exercised. Moving forward, it will be interesting to see if the tokens in question will be able to maintain the upward trend in the future.
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