Dogwifhat prices soar 24% as new Solana rival Sealana surpasses $200,000 in presale.

adminMay 5, 2024

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Dogwifhat price has been trading up 24% in the last 24 hours. $3.4 As of 8 PM EST.

The pump followed the news that Tesla had officially updated its payment methods to include Dogecoin (DOGE), giving the meme coin segment an overall boost.

The Tesla payment page has been updated with details on how to pay using DOGE. To make purchases using DOGE at the Tesla store, you will need a Dogecoin wallet.

MEMCOIN market capitalization rises by more than 10%!!! with #Dogecoin We are leading!! pic.twitter.com/ew70wyScAt
— Crypto Daily Trading Signals (@cryptodailyTS) May 4, 2024

Dogwifhat Price Prediction: How is WIF doing now?

Analyzing the Dogwifhat price chart, it appears that the meme coin is on an upward trend within a defined channel, as indicated by the green highlighted area. The boundaries of these channels have supported and limited price movements, respectively.

Dogwifhat If the price approaches the resistance level and the MFI value is high (overbought) and the MACD turns bearish, a price correction may occur or a pullback to the support area may occur. However, if it crosses below this area, we could see the uptrend continuing.

Looking at other indicators, we see the Awesome Oscillator (AO) transitioning from green to red, indicating a potential weakening of bullish momentum or the start of a bearish phase.

On the other hand, the money flow index (MFI) entered the overbought area at 86.03. This could indicate that the Dogwifhat price could face a downward revision, as prices can usually fall when MFI is this high.

4-hour WIF/USDT chart | source: TradingView

With Dogwifhat price facing the risk of a correction, Sealana has emerged as one of the most popular new meme coins on Solana after raising more than $219,000 in just four days since pre-sale launch.

A promising alternative

Cheeky seal Lana is coming out of her mom’s basement like a true hero. He loves burgers, dreams of a Lamborghini, and is making a lot of money in cryptocurrency. Because he’s so brave, he’s reaching for the stars by going against what people think he can do.

Sealana is a variation of the famous South Park character Gamer Guy, also known as Fat Computer Nerd in a World of Warcraft episode.

Crypto ZEUS, a cryptocurrency analyst and YouTuber with over 75,000 subscribers, says there is a trend in the meme coin space toward “wacky meme coins” like Sealana.

As a “Send SOL” pre-sale, SEAL has no timers, steps, hard caps or white papers. This means that it is best to buy early as there is a risk that the ICO may end at any time.

Visit the official website to purchase SEAL tokens here. One SOL purchases 6,900 SEALs.