Recent statistics have shown that the number of people who are using social media is increasing. Dogwifhat Bitcoin has broken the $0.85 mark, a 24% increase in just 24 hours. above $107,000. The traders observed that the price quickly recovered from below $0.72.
WIF wallets were active for 20% more time, with a daily volume of over $70,000,000. Solana’s meme coin is close to the $1.00 mark after all these actions.
The Network Activity is on the Rise
According to reports, Dogwifhat’s network has seen a surge in its trading volume of over $700,000,000 in the last two days. It is unusual to see such activity for a token that ranks 45th in terms of market capitalization at around $1.75 billion.
The sat behind it Dogecoin and Shiba Inu But outpaces other Solana names such as FLOKI PEPE BONK. Before the recent upswing, traders were attracted by a sharp turnaround from the low of $0.70.
Just woken up, wif
Increased by 24.1% Today
mcap: $865M
24h volume: $719M
The dog still wearing the hat
The still-barking-louder than-the rest pic.twitter.com/RGJzSIJRBO
— madmix
(@madmixnum) June 24, 2025
Billboards And Merch for Community Funds
Dogwifhat users have donated funds to create attention-grabbing posters and drop special merchandise. Grassroots campaigning on social media platforms has sparked renewed interest.
The momentum was able to sustain volume at over $70 millions a day, and the wallet count continued to increase. The support at $0.81 remained firm as the rally started, which gave buyers confidence.
Tech Breakout Points to More Gains
WIF has broken out of the descending wedge chart on 4-hour. This pattern was formed in the last week, before the prices broke through the $0.83 mark on higher volume.
Relative Strength Index (RSI) is at 60. It’s below the overbought zone, which suggests there’s more room to go. The next Fibonacci Retracement is $0.90. Traders are now looking to move up towards this level. It would take a strong push to surpass $1.00 for the signal to be strongest.
Bitcoin and Solana link remains strong
Market watchers believe that the fate of WIF is linked to Bitcoin and to Solana’s wider ecosystem. Maintaining Bitcoin Above $105,000 is crucial to keep momentum.
WIF’s recent support of $0.71 or the $0.77 level could become vulnerable to a pullback. Meanwhile, news of new listings on exchanges or partnerships could spur another leg upward.
Risk Management Key For Traders
According to traders’ guides, WIF and meme coins have big swings. Trading guides encourage smart traders to control their positions and place tight stop orders.
It would be prudent to take caution if the market fell below $0.80. Prices can be tested again if support does not hold. If the coin is stable, then a new run to $1.00 may be possible.
Chart from TradingView, Featured Image from Pexels
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Source: www.newsbtc.com
