Dogwifhat Price Prediction: WIF surges 74% new ATH as traders stock up on Solana rival smog amid FOMO frenzy over massive airdrop.

adminMarch 3, 2024

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Dogwifhat price surged 74% in the last day, hitting an all-time high as the token was traded. $1.20 1:30 AM EST.

With a 459% surge in one month, WIF was able to surpass FLOKI as the fifth-largest meme coin with a market capitalization of $1.258 billion compared to FLOKI’s $1.134 billion.

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Dogwifhat Price Prediction: WIF Shows Strong Uptrend

Looking at the Dogwifhat chart, we can see that the Dogwifhat price is in a consistent upward trend, as evidenced by the rising channel pattern formed by the two trend lines.

The upward trend is further confirmed by higher highs and lows within the channel. Candlesticks within the channel are a mix of bullish (green) and bearish (red) candles, indicating volatility.

The Money Flow Index (MFI) is currently at 71.54, in the upper range indicating strong buying pressure. However, it is close to overbought territory (above 80), which could signal a potential pullback or price correction if it enters overbought levels.

On the other hand, the average directional index (ADX) is 45.80, indicating a very strong trend. ADX values above 25 usually indicate a strong trend, either up or down.

Dogwifhat Price Prediction: Possible Scenarios

If Dogwifhat price continues to hold the channel’s lower trendline and MFI does not cross overbought territory, there may be potential for further upside towards the upper trendline.

Conversely, if Dogwifhat price falls below the lower trend line, it could indicate that the uptrend is weakening and a trend reversal may occur. If MFI starts to decline towards the 50 level, this is confirmed and indicates a loss of buying pressure. Immediate resistance is located at the upper trendline of the channel, and immediate support is located at the lower trendline of the channel.

WIF 1 hour chart | Source: TradingView

By demonstrating indecision about where Dogwifhat price will head next, smog It is emerging as an attractive alternative for investors. What the development team says will be the largest airdrop in history.

a promising alternative

SMOG debuted in early February and quickly soared more than 3,000%. It hit a new all-time high today after surging another 42% and now has 40,000 holders.

One person can participate. smog airdrop By purchasing and holding SMOG tokens, you can also earn points by joining Smog’s social groups run by Zealy and participating in tasks to receive more airdrop tokens.

To date, over 800,000 quests have been completed. Every day, $1,500 worth of SMOG tokens will be distributed to BONK, WIF, MYRO and SAMO holders via airdrop.

The Smog team is allocating a whopping 1.4 billion tokens, or 35% of the supply, for the airdrop.

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Stay tuned for future announcements. 📢🔗https://t.co/3EQxvQwsw3#Cryptocurrency Community #altcoin #memecoin #Binance #Cryptocurrency
— Smog (@SMOGToken) February 21, 2024

This plan offers an incredible Annual Percentage Yield (APY) of 42% to investors currently staking tokens. Staked tokens can be withdrawn 90 days after being added to the staking pool. Nearly 16 million tokens have already been staked.

Crypto analyst and YouTuber CryptoGains says Smog is likely to surge 100x after launch, helping create new millionaires this year.