![Why Is Dogwifhat's WIF Price Going Up?](https://captainaltcoin.com/wp-content/uploads/2024/02/image-360.png)
Dogwifhat’s WIF token has surged over 25% today to $0.28, following increased trading volume on major exchange Binance. As trader JB_CHILLEN_10 reported on X, the 24 hour trading volume for WIF on Binance Perpetual swaps hit $266 million, sparking significant interest in the token. The more attention and activity WIF sees from traders, the higher the likelihood of further price rises.
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In addition to rising volume, technical indicators are signaling room for more upside in WIF’s price. As mr_pumpkin noted on X, the 50 and 100 EMAs (exponential moving averages) have been “reclaimed” on the 4-hour chart.
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With these key moving averages surpassed, it suggests bullish momentum could push the price higher. Mr_pumpkin also warned that “You might never get an entry considering how fast the price usually moves up on memecoins.
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