Bitcoin News Today: WIF Gains 24.31% Weekly as DOGE Shows Signs of Exhaustion

Dogwifhat (WIF), a meme coin operating on the Solana blockchain, has been consolidating near its $1.30 resistance level, while Dogecoin (DOGE) has shown signs of exhaustion. This dynamic could set the stage for WIF to capitalize on DOGE's weakness and potentially lead the next meme coin rally. The recent performance of meme coins, with four of the top ten gainers on the weekly charts being meme coins, aligns with Bitcoin's tight-range chop just below its local highs, fueling speculative appetite across the board. DOGE and Floki (FLOKI) led the charge, gaining over 40% against Bitcoin, while WIF, though slightly lagging, still achieved a 24.31% weekly close.

DOGE/BTC experienced a 2.14% intraday rejection off its early-May ceiling, contrasting with WIF/BTC, which was in a tight volatility compression phase. This pattern mirrors one that preceded WIF's last major breakout. During a previous move, WIF surged by 138% off the $0.56 base, outperforming DOGE's 48% push in the same timeframe when Bitcoin was trading between $102k and $105k. With WIF's holder count breaking above 250k and steady on-chain flows, the momentum under the surface may be far from over.

WIF's run against Bitcoin has been evident in the charts, following a 32% weekly rally. An overextended RSI coupled with significant whale outflows suggests a potential retracement ahead for DOGE. Meanwhile, WIF has been locked in a struggle at the $1.30 supply wall, a ceiling it hasn’t cracked since early Q1. Twice in May, the price tested that level with heavy upper wicks, indicating that sellers aren’t giving up easily. Smart money accumulation has accelerated, with the dominant whale cohort adding a significant amount of coins this week, hinting at strong conviction.

This divergence is significant. While DOGE whales might be exhausted, WIF whales have been accumulating near the $1.30 resistance, treating it as a strong support base. If this setup sustains itself, WIF stands to benefit from DOGE/BTC’s overextended RSI and resistance rejection, positioning the altcoin as a likely out-performer in the upcoming meme coin rally. The short-term price prediction for WIF suggests that the meme coin could push toward $1.40, representing a 13% gain if the current momentum holds. Breaking this threshold could signal a more substantial upward trend, potentially positioning WIF as a key player in the meme coin ecosystem.

The long-term outlook for WIF is also promising, as the coin continues to gain traction and attract new investors. The Solana blockchain, known for its high-speed transactions and low fees, provides a robust foundation for WIF's growth, making it an attractive option for those looking to diversify their meme coin portfolios. The resurgence of meme coins in 2025 has been marked by a new wave of tokens capturing investor interest. While established names like DOGE and SHIB remain popular, there is a growing appetite for emerging meme coins that offer unique value propositions. WIF, with its distinctive branding and strong community support, is well-positioned to capitalize on this trend. The coin's presence on the Solana blockchain further enhances its appeal, as investors seek out projects that leverage the latest advancements in blockchain technology.

As the cryptocurrency market continues to evolve, the potential for WIF to lead the next meme coin wave is a topic of much debate. While some investors remain cautious, others see WIF as a promising opportunity to capitalize on the shifting dynamics of the meme coin landscape. With its strong community backing and innovative use of the Solana blockchain, WIF is poised to make a significant impact in the coming months.