Following the euphoria that greeted WIF’ exceptional 505% value rally in March 2024, the media buzz surrounding the undertaking dropped within the first week of April.
But within the final 48 hours, WIF social dominance has doubled from 0.04% to 0.08%. This implies that after per week of flat value motion, Dogwifhat has began to generate media buzz once more.
Typically, strategic new entrants who missed out on the 505% rally in March 2024 possibly seeking to purchase when market hype cools off. With media feedback now on the rise once more, these strategic merchants might now contemplate it excellent timing to enter the fray.
If this state of affairs performs out, that inflow of recent capital might ship WIF value into one other parabolic breakout in April.
Dogwifhat (WIF) Price Forecast: $6 breakout in April?
At the time of writing on April 6, Dogwifhat value is hovering simply above the $3.3 space. But rising media buzz presents a possibility for WIF to draw recent capital inflows, doubtlessly kickstarting one other rally in direction of the subsequent milestone value of $6 within the days forward.
However, the $4.64 territory poses vital short-term resistance. As seen depicted by the Bollinger band technical indicators, majority of WIF buyers who exited final week, had bought off majority of their holdings round that value stage.
But if the bulls can scale that traditionally vital sell-zone, a decisive breakout above $6 may very well be on the playing cards as predicted.
On the flip facet, WIF might slip into a protracted downtrend if the vital help stage at $3 caves. But this at the moment appears unlikely, given the brimming market liquidity and total constructive sentiment surrounding the broader Solana memecoin ecosystem.
