Market Data 
Dogwifhat (WIF), a leading memecoin on the Solana blockchain, has has rolled out .WIF domains in collaboration with Unstoppable Domains. The move lets WIF holders create distinct blockchain-based digital identities. With a market cap of $2 billion, the launch aims to boost branding, simplify crypto transactions, and drive community engagement.
The domains will be minted on the Solana blockchain, and require a Solana-native Web3 wallet like Phantom for management. Owners of .WIF domains gain exclusive access to community events and can use their domains for smooth cryptocurrency transactions. The domains connect with Unstoppable Messaging (XMTP) for encrypted communication and support use across multiple Web3 apps. Notably, 50% of the revenue from domain sales will go toward Best Friends Animal Society, showcasing Dogwifhat’s commitment to animal welfare.
Related: Solana Weathers Meme Coin Storm, Focuses on Future Scalability
Technical Analysis: Resistance Levels and Market Trends
Dogwifhat is currently trading at $0.856, fighting to stabilize above key support levels. The 4-hour and daily charts show a continued downtrend, with the token struggling to regain upward momentum. The MACD sits in bearish territory, with no crossover to signal a reversal. Meanwhile, an RSI of 38.8 points to oversold conditions, leaving room for a short-term bounce if buying picks up.
The price sits below the 20, 50, 100, and 200 EMAs, reinforcing the bearish trend. The 20 EMA at $0.9503 marks the nearest resistance, while the 50 EMA at $1.0899, the 100 EMA at $1.2477, and the 200 EMA at $1.0913 stand as higher resistance levels. A clear break above $1.10 could signal a shift to bullish sentiment, but until then, the asset remains under pressure. Immediate support is seen at $0.76 and $0.63, with a drop below these points likely to trigger further declines.
Dogwifhat (WIF) price movement (January 2025 – February 2025) Source: TradingView.
Related: Which Meme Will Remain Victorious In 2025; BONK, WIF, Or Another?
Community Support and Future Outlook
Despite the price decline, Dogwifhat enjoys strong community support. The recent launch of .WIF domains has sparked increased engagement, and its integration with Web3 apps is expected to drive further adoption. However, market sentiment stays cautious, with traders closely watching the $0.90–$1.00 range for a potential breakout.
If Dogwifhat pushes past $1.10, it could ignite a rally toward $1.50 in the mid-term. Failure to hold support at $0.75 might result in a drop toward $0.63 or lower.
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