WIF has shown remarkable recovery, rallying over 60% during the recent market rebound. Will a new meme frenzy push it higher?
was among the best-performing memecoins in the first half of 2024. But its momentum lost traction at the beginning of H2. WIF shed over 60% in July and August and dropped to $1.0.showed that the memecoin narrative has regained interest.Will the memecoin surge boost WIF?
However, despite the slightly bullish sentiment in the derivatives market, overall weighted sentiment in the spot market was somewhat neutral. If the meme coin renewed interest in pumping WIF, the immediate bullish targets would be 50% and 38.6% Fib levels. If they are hit, that would translate to 12% and 23% potential gains, respectively.
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