Dogwifhat Price Prediction: WIF rises 12% as this Meme coin staking platform surpasses $2 million in presale.

adminOctober 5, 2024

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Dogwifhat price has surged 12% in the last 24 hours. Traded for $2.316 As of 9:05 PM ET, trading volume had increased 11% to $1.1 billion.

This follows a 9% surge in the meme coin space, reaching a market capitalization of $51 billion. The top three meme coins, DOGE, SHIB, and PEPE, rose 3%, 9%, and 7% respectively. CoinGecko.

Dogwifhat Price Prediction: WIF for Bullish Trend Reversal

Dogwifhat price has continued to surge since September 23, taking advantage of ongoing support at $1.61. WIF went through the markup phase, allowing the token to surge towards the next resistance level at $2.57.

The recent price action has formed a bullish flag pattern as the bulls struggle to push the price above resistance.

The price of Dogwifhat appears to be bouncing back from the lower border of the flag as the bulls are starting to bounce back from the recent slight correction.

WIF is currently trading above its 50-day and 200-day simple moving average (SMA), which suggests the price could still surge.

We can also see the Moving Average Convergence Divergence (MACD) supporting the overall trend as it moves towards the 0 line, with the blue MACD line crossing the orange signal line.

Moreover, the Relative Strength Index appears to be rebounding from the 50 mid-line, currently at 55 levels. This shows that buyers are now entering the market.

WIFUSDT chart analysis (Source: Tradingview)

Dogwifhat price prediction

Analysis of the 4-hourly WIF/USDT chart shows that the Dogwifhat price is currently in a bullish trend and the bulls aim to maintain this trend. If investors take advantage of positive indicators, Dogwifhat’s price could surge past the flag’s upper limit, targeting $2.73.

Meanwhile, if bears exert pressure at this level, WIF price could fall back to the $2.0 support area, which now acts as a buffer against further corrections.

As the price of Dogwifhat soars, money is also flowing into the new meme coin. Cryptocurrency All Stars (STARS)Funds raised through pre-sale exceeded $2 million.

Jacob Bury, a popular cryptocurrency YouTuber with 42,600 subscribers, says $STARS has the potential to rise 10x after launch.

Cryptocurrency All-Star exceeds $2 million

Crypto All-Stars aims to revolutionize the meme coin space with its groundbreaking MemeVault ecosystem, which allows investors to hold multiple top meme coins on one platform.

Eleven meme coins, including Pepe, Dogecoin, Shiba Inu, Floki Inu, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk, can be staked on the platform after its launch. More meme coins will be added in the coming months.

Why is everyone excited?
In the initial pre-sale phase, Crypto All-Stars raised over $350,000! 💰
These early successes show that investors see great potential here. 🚀
Could this be next? $PEPE? 🙌
— web3telepath (@web3telepath) August 15, 2024