Dogwifhat (WIF) Price Prediction: WIF On A Bullish Trend Reversal

The Dogwifhat price has been on a continued surge from September 23, as the bulls capitalized on the $1.61 sustained support.

The price of Dogwifhat (WIF) surged over 12% in the last 24 hours to trade at $2.316 at 9:05 p.m. EST on Monday. This comes as the meme coin space soared 9% to reach a market capitalization of $51 billion.

The price of WIF soared as the token aimed to capitalize on the recent bullish trend, with the bulls aiming to push the price past the next resistance level.

The price of Dogwifhat (WIF) surged over 12% in the last 24 hours to trade at $2.316 at 9:05 p.m. EST on Monday.

This comes as the meme coin space soared 9% to reach a market capitalization of $51 billion.

The top three meme coins, DOGE, SHIB, and PEPE, climbed 3%, 9%, and 7%, respectively, according to CoinGecko.

Meanwhile, the price of Dogwifhat surged as the token aimed to capitalize on the recent bullish trend, with the bulls aiming to push the price past the next resistance level.

A glance at the WIF/USDT chart on the 4-hour timeframe shows that the price of Dogwifhat enjoyed a sustained rally from the $1.61 support.

The price of WIF went through a markup phase, allowing the token to surge to the next resistance level at $2.57.

However, recent price movements have formed a bullish flag pattern, as the bulls struggled to push the price past the resistance.

The price of Dogwifhat seems to be rebounding from the lower boundary of the flag, as the bulls stage a rebound from the recent slight correction.

From the chart, we also see the 50-day and 200-day Simple Moving Averages (SMAs), which are below the price of WIF, indicating that the price may still soar.

Furthermore, the Moving Average Convergence Divergence (MACD) seems to be supporting the overall trend, as it is moving towards the zero line, with the blue MACD line crossing over the orange signal line.

Moreover, the Relative Strength Index seems to be rebounding from the 50-midline level, currently at 55 as it moves up. This shows that buyers are now entering the market.

WIFUSDT Chart Analysis (Source: Tradingview)

If investors capitalize on the positive indicators, the price of Dogwifhat may soar over the upper boundary of the flag, as they target $2.73.

Meanwhile, if the bears exert any pressure at this level, the WIF price may drop back to the $2.0 support, which now acts as a cushion against a further correction.

As the price of Dogwifhat soars, so, too, are funds being pumped into the new meme coin Crypto All-Stars (STARS), which has just blasted past $2 million in funds raised in its presale.

Jacob Bury, a prominent crypto YouTuber with 42.6k subscribers, says $STARS has the potential to soar 10X after its launch.

Crypto All-Stars Zooms Past $2 Million

Crypto All-Stars aims to ͏rev͏o͏lut͏ion͏iz͏e the meme ͏coin space with ͏its groun͏dbreaking MemeVault ͏Ecosystem, which enables investors to stake multiple top meme coins on one platform.

Eleven meme coins will be enabled for staking on the platform from its launch, and they are: Pepe, Dogecoin, Shiba Inu, Floki Inu, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk. More meme coins will be added in the coming months.

Why Is Everyone Excited?

In its initial presale phase, Crypto All-Stars raised over $350k! ?

This early success shows that investors see BIG potential here. ?

Could this be the next $PEPE? ?

— web3telepath (@web3telepath) August 15, 2024

Investors can also earn passively through the project’s staking mechanism, which offers a huge 747% in annual rewards.

STARS is selling right now for $0.0014828. With a price increase coming in less than two days, buy soon to lock in the best deal.

Purchase $STARS from its official website here using BNB, USDT, or a bank card.

The above is the detailed content of Dogwifhat (WIF) Price Prediction: WIF On A Bullish Trend Reversal. For more information, please follow other related articles on the PHP Chinese website!