The price of Dogwifhat (WIF) increased significantly by 14% in just 4 hours, reaching 1.34 USD. However, it has been underperforming, with a drop exceeding 30% over the last month.
Current market indicators show mixed signals. While downward pressure is noted, the MACD suggests the potential for buyers to re-enter the market if certain price levels are broken.
Investor interest is also rising due to the upcoming Solaxy project on the Solana network, which is approaching a presale of 16 million USD. This development could positively impact both Solana and WIF.