🚀 Dogwifhat (WIF) has seen a 30% gain in the past week, signaling a bullish turn after recent downturns. Since its launch in December 2023, WIF has surged by 1,835%, aiming to establish support above $4 and potentially surpass its all-time high in Q2.

🐋 Recent whale activity boosted WIF by 12.97% in 24 hours, with a notable purchase of 1.4 million WIF tokens for $4.2 million USDC, signaling confidence in WIF's future. This surge positions Dogwifhat among the top meme coins by market capitalization.

💰 Investors are active in Dogwifhat's derivatives market, with an 8.6% increase in open interest to $333 million. Despite bullish sentiment, $1.1 million in short position liquidations in 24 hours reflects market volatility and uncertainty.

💡 Looking ahead, WIF faces significant resistance around $3.40, with a potential breakthrough targeting $4. The upper price target by year-end is $10, while $2.5 serves as crucial support. WIF's market cap has surpassed $2 billion, with potential for further growth in 2024.