WIF Worth Prediction: Will the Meme Coin Bounce One other 10x as Binance Lists It?

• WIF’s worth rose by 20% in lower than an hour after Binance introduced its itemizing.
• The Fibonacci extension signaled a transfer to $4.35 if shopping for strain will increase
• Open Curiosity within the meme coin climbed, as did the by-product quantity.

A couple of minutes after Binance introduced that it might launch dogwifhat (WIF) the worth jumped by 20%. The transfer meant that WIF was in a position to surpass its all-time excessive because it hit $1.87. Binance disclosed the itemizing by way of varied channels, together with its X account and a weblog publish.

WIF Explodes Once more

WIF got here into the limelight final 12 months. However in the previous few weeks, the meme cash have skilled an unimaginable quantity of quantity, and the worth has skyrocketed. In keeping with CoinMarketCap, WIF’s worth has elevated by a whopping 746% within the final 30 days. In consequence, its market cap reached $1.98 billion. If WIF’s worth continues to surge, the market cap might cross $2 billion. 

Additionally it is necessary to notice that Binance included totally different pairs in opposition to the meme coin. The buying and selling pairs included WIF/USDT, WIF/BTC, and WIF/FDUSD.

WIF Worth Prediction

Within the 1-hour timeframe, Coin Version seen that WIF’s surge had put sellers out of the way in which. In the meantime, the Fibonacci extension additionally confirmed that the worth might rise a lot larger than it has performed.

At press time, the 0.786 Fib degree was at $1.90, indicating that the area might be a very good shopping for level. Moreover, the 4.236 Fib degree was at $4.35, suggesting that the worth of the meme coin might transfer 3x from the place it was at press time.

In a extremely bearish case, WIF’s worth might slide to $1.50. Nevertheless, elevated shopping for strain might push the worth larger. As of this writing, the 1-hour chart confirmed that there was extra purchase quantity than promote orders.

Additionally, the RSI studying went larger, reinforcing the notion that WIF might hit $2 inside a brief interval. By way of the derivatives quantity, Coinglass confirmed that it hit $2.15 billion. In the case of the Open Curiosity, the derivatives info portal confirmed that it elevated to $233 million.

The hike in Open Curiosity means merchants are including extra liquidity to contracts linked to WIF. In regards to the worth motion, a surge in Open Curiosity might function energy for the uptrend. If this pattern continues, WIF’s worth might rise a lot larger than $2 going ahead.