Dogwifhat Price Prediction: WIF Drops 9% As Traders Flock To This Solana Meme Coin Launches On MEXC Today

adminApril 4, 2024

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Dogwifhat price fell It has risen more than 9% in the past 24 hours as investors realized some of the profits from the meme coin’s recent rally, trading at $3.75 as of 2:35 a.m. ET.

The recent price drop could be a liquidity-building move before another leg occurs. Altcoin Sherpa, cryptocurrency trader and analyst said His 213.7k followers on X said his next target for Dogwifhat price is around $5.70.

Dogwifhat price is stuck in a descending channel.

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

that much Dog We Fat The price has printed several lower lows and lower highs on the 4-hour chart over the last 72 hours, forming a descending price channel. If Meme Coin continues to trade on this channel over the next 48 hours, it may be at risk of testing the $2.7493 support. If selling pressure persists, a fall below this mark could lead to a fall towards the subsequent support at $2.1382 over the next 24 hours.

On the other hand, a 4-hour candle closing above the upper limit of the negative price channel could invalidate the bearish argument. Traders can identify breakouts of this channel as long entries. This potential influx of buying activity could push Dogwifhat price upward towards the immediate resistance level of $4.5891. Overcoming this threshold could open the opportunity for WIF to set a new all-time high in the next few days.

Dogwifhat price may rise as technical experts ease bearish pressure.

Technical indicators on WIF’s 4-hour chart show that sellers have an edge over buyers. The bears appear to be overwhelmingly stronger than the bulls, with the relative strength index (RSI) sitting at around 40, below the simple moving average (SMA).

The Moving Average Convergence Divergence (MACD) line located below the MACD signal line on the 4-hour chart confirms this and signals: WIF We are in a short-term negative cycle.

Traders and investors will want to keep an eye on the RSI indicator over the next 24 hours. Buyers appear to be slowly returning. This is evident as the RSI is close to the SMA.

A crossover between these two lines can trigger a major bullish technical flag and indicate that buyers have regained the advantage over sellers. The MACD indicator also requires attention. As the MACD histogram turns more positive, it could be a sign that WIF’s bearish momentum is losing steam.

WIF’s price drop follows its listing on Binance in early March. Dogwifhat price soared after the leading cryptocurrency exchange announced that it would be introducing WIF to its platform.

As investors profited from WIF’s pump, another Solana meme coin was born. smog It’s gearing up for a surge as trading begins today on MEXC.

Smog can cause you to go ballistic after listing

SMOG is one of many meme coins that have exploded in popularity in the burgeoning Solana ecosystem over the past few weeks. The dragon-themed cryptocurrency quickly separated itself from the rest through a massive airdrop campaign.

After concluding Season 1 of the campaign with a $1 million airdrop yesterday, the project team unveiled SMOG’s first major exchange listing.

.@SMOGToken: Buy and hold $smog A token will soon be released that will give Solana access to the largest airdrop the company has ever seen. #MEXCKickstarter 🚀
🗳Vote $MX To share large-scale airdrops
📈 $smog/USDT trading: 2024-04-04 09:00 (UTC)
Details: https://t.co/2hnzMA3fB4 pic.twitter.com/UYKQrN9L4T
– MEXC (@MEXC_Official) April 3, 2024

Starting today at 9 AM UTC, investors and traders can trade SMOG/USDT on MEXC, the 11th largest cryptocurrency exchange by daily trading volume, according to CoinMarketCap data.

Not only will this listing make it easier to buy and sell Smog, it will also increase the cryptocurrency’s exposure by giving it access to a vast pool of investors.

This could introduce meme coins to opportunistic sellers looking to profit from a cryptocurrency listing, but it could also attract a large number of buyers, ultimately driving up the price of the cryptocurrency.

SMOG’s Airdrop Season 2 begins

The Smog team distributed tokens based on the number of Zealy quests each participant completed. Investors rushed to complete 7.5 million quests to rack up XP.

With the end of the first season, the leaderboards have been reset and investors now have a new opportunity to rack up XP points for Season 2.

However, there is one major difference in the second season. This is because the project team has focused on on-chain and trading activities.

Investors can now increase their XP primarily by trading SMOG on MEXC or on-chain meme coins.

Anyone looking to purchase SMOG can also obtain tokens on the project’s website using ETH, USDT, or a bank card. Additionally, everyone who stakes tokens will receive a 42% APY.

SMOG can be purchased at a 10% discount on the official website here.

SMOG – Meme Coin with Rewards