While the cryptocurrency market continues to experience turbulent times, the price of Bitcoin and Ethereum has shown a slight recovery after falling to weekly lows. Despite the decline, the market managed to find strength. However, the most striking asset among the assets whose prices have recovered is the controversial meme coin of recent weeks. dogwifhat (WIF) happened.
The Dogwifhat (WIF) meme coin, located on the Solana blockchain, was up over 56% in the last few hours. This increase made it the most rising asset among the top 300 players of the crypto market, according to the last 24-hour data. Launched in late 2023, the WIF phenomenon quickly captivated the crypto community, resulting in impressive success amid recent market volatility.
Dogwifhat, which reached an all-time high of $0.532 on January 18 after being listed on Binance, frightened with a correction of approximately 60% in the following days. With this, meme coin It found a solid support base at $0.21 and has managed to recover a staggering 56% since then.
As of now, Dogwifhat token remains at a significant resistance level at $0.335. Overcoming this resistance is the first hurdle that would clear the way for continued growth and could potentially help it revisit the highs reached just a week ago.
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