Dogwifhat price had a strong day in the market, climbing more than 9% while trading volume jumped over 60%. The move comes as WIF rides a fresh wave of meme coin hype and a major cultural boost for its brand.
A big part of the excitement came from the viral NFT auction of the original pink knitted hat worn by Achi, the Shiba Inu at the heart of WIF’s meme. On August 7, the hat sold for 6.8 BTC (~$793K) on the Bitcoin Ordinals marketplace Ord City.
The buyer, Finn (founder of Solana launchpad Bags), promised to “return the hat to the community,” sparking talk about future merch drops, staking perks, or even integrations with the Bags platform.
The “BUY THE HAT” token linked to the auction soared 700% after the sale, spilling over into higher demand for WIF.
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At the same time, meme coin season is heating up. The Altcoin Season Index has climbed nearly 38% in the last month, with WIF landing on multiple “top meme coins to watch” lists.
Trading volume spiked to $473M, following a similar pattern to other meme coin favorites like PEPE (+8%) and BONK (+128% monthly). With Bitcoin dominance down 4.2% over the last 30 days, retail traders are rotating into high-volatility meme coins, and WIF is one of the top picks.
Dogwifhat Price Chart Analysis: Bulls in Control
On the WIF chart, the price has broken out of a recent consolidation zone with strong green candles pushing past a key resistance band.
Open interest has soared, showing that traders are opening new positions rather than just covering shorts. Net-long positions are expanding and net-shorts are contracting, which shows a short-term bullish bias.
Volume is also rising in sync with price, confirming that this move is underpinned by real trading activity. The next resistance to watch is in the $3.20–$3.25 range, with immediate support around $2.85. If WIF price can hold above $2.85 on pullbacks, the bullish structure should stay intact.
GPT’s Short-Term WIF Price Prediction
With meme coin momentum building, the cultural boost from the hat auction, and a clear breakout on the chart, Dogwifhat price could push toward $3.40–$3.50 in the coming days.
A dip back to $2.85 wouldn’t be unusual before another move higher, and if volume stays strong with net-longs increasing, $3.70 could be in play. But if $2.80 breaks, the rally might pause and consolidate between $2.50–$2.60.”
Right now, WIF price has all the ingredients for more upside, but in meme coin trading, the ride is never a straight line.
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