Dogwifhat (WIF) surged 24% in the past 24 hours, surpassing $0.85, as Bitcoin surpassed $107,000, with a quick recovery from levels under $0.72.
Active wallets handling WIF increased by 20%, and daily volume exceeded $70 million, bringing the meme coin closer to the $1.00 mark.
The Dogwifhat network witnessed a surge in trading volume, surpassing $700 million in the last two days, positioning it as the 45th largest token by market cap.
Technical analysis suggests a breakout for WIF, with the coin breaking out of a descending wedge on the 4-hour chart. Traders eye a move towards $0.90 and potentially $1.00, with support linked to Bitcoin and the Solana ecosystem.