Dogwifhat Price Prediction: Top Gainer WIF is up 20%, but with a massive airdrop looming, investors are flocking to this Solana Meme Coin rival.

Dogwifhat price pumping Over the past 24 hours, it has risen more than 20% to $3.509 as of 12:50 AM EST, bucking the slump in the meme coin sector.

Dogwifhat price enters consolidation period

WIF/USDT 4-hour chart (Source: TradingView)

that much Dog We Fat The price entered a consolidation phase between $3.080 and $3.6236 after being rejected by the $3.6236 resistance in the last 24 hours. Despite this rejection, the meme coin continues to trade in a positive price channel formed following a series of highs and lows that the cryptocurrency has printed over the past few days.

The next eight hours will be key in determining the future price direction of Dogwifhat price. If the meme coin continues to trade sideways during this period, it will exit the previously mentioned price channel. This could eventually lead to a retest of the $3.080 support level. A fall below this mark would expose WIF to the risk of falling to the subsequent support level at $2.42270 in the next 24-48 hours.

On the other hand, this bearish theory may be invalidated if Dogwifhat price overcomes the $3.6236 resistance level in the next 8 hours. In this alternative scenario, the cryptocurrency may have the foundation it needs to extend its upward price channel over the next few days.

Technology points to Dogwifhat price decline

technical indicators WIF’s The 4-hour chart warns of a continued decline in the price of Dogwifhat. In particular, the Relative Strength Index (RSI) is on the verge of triggering a significant bearish technical signal as it attempts to break below the Simple Moving Average (SMA) line.

Traders typically identify RSI falling below the SMA as a sign of a bearish change in momentum. Like WIF on the 4-hour chart, RSI positioned above 65 is often considered a sell signal. This is because a high RSI means that the downside potential of a cryptocurrency is greater than its upside potential.

MACD (Moving Average Convergence Divergence) of WIF bullish trend Cooling. This can be seen by the MACD line collapsing towards the MACD signal line.

While Dogwifhat price risks further decline in the next 48 hours, investors continue to accumulate Solana meme coin competitor Smog.smog) We are expecting the so-called “largest airdrop ever.”

Latest Solana Meme Coin Sensation

Smog is a dragon-themed cryptocurrency that is the latest meme coin to enter the fast-growing Solana meme coin ecosystem.

It aims to repeat the success of its predecessors: Bonk (BONK), Dogwifhat (WIF), Myro (MYRO), and Wen (WEN). To achieve this, the project team focused on growing the Smog community by promising the largest airdrop event ever to the cryptocurrency market.

The exact details of the airdrop have not yet been revealed, but the token economics of the cryptocurrency suggest it will be massive, with 35% of SMOG supply reserved for such an event.

To qualify for the airdrop, investors must purchase and hold Smog tokens. They can also Earn airdrop points and increase your chances of getting more free tokens by completing various quests listed in Smog’s Zealy campaign.

Quest types range from liking and retweeting Smog X posts to trolling Binance on their official page. Each of these quests rewards token holders with points upon completion, and these points are used to determine the percentage of airdrop tokens each participant will receive.

Investors Can’t Get Enough of Smog

Investors are rushing to accumulate SMOG, evidenced by the 433% rise in its price over the past month. Moreover, the project currently has over 90,000 community members across all platforms. Additionally, there are over 95,500 SMOG holders, and over 1.9 million quests have already been completed in the cryptocurrency Zealy campaign.

i received $smog airdrop $SOL Worth 5 dollars… ..Did you get it too?

Well, I sold it. $JUP After the transaction went smoothly, I bought it again for a larger amount 🙂

how $smog I’ve been exposed to surveillance for the past month and I’m embarrassed 🤔 pic.twitter.com/lkGO7p1a03

— Using Crypt | ReformDAO (@Takes_ReformDAO) March 8, 2024

It is best to purchase SMOG at a 10% discount from the official website. The cryptocurrency is currently selling for just over $0.22 and can be purchased using ETH, USDT or bank cards.

Smog available for purchase here. By staking your newly purchased tokens, you can earn 42% annual returns.

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