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The Dogwifhat price has plunged 12% in the past 24 hours to trade for $3.3851 as of 10:01 a.m. EST on trading volume that surged 25%.
It comes amid a sea of red ink for meme coins, with the sector overall plummeting 5.2% to a market capitalization of $57.37 billion in the past day, according to CoinMarketCap.
Dogwifhat Price Outlook
The Dogwifhat price is testing the 50% Fibonacci placeholder at $3.4023. The Relative Strength Index (RSI) is just above the 50 mean level without any directional bias. The Moving Average Convergence Divergence (MACD) is also subdued.
The WIF market is in a neither sell nor buy state, pending confirmation when the market gives the next cue. With the RSI above 50 and the MACD in positive territory, the odds are leaning in favor of the bulls. Still, this is not enough to go by as the position of the Dogwifhat price in the midline of the market range puts WIF on the balance.
If the bulls are able to hold the Dogwifhat price above the 50% Fibonacci placeholder and record a candlestick close above this level on the daily timeframe, it could extend north to reclaim the $4.5910 range.
TradingView: WIF/USDT 1-day chart
On the other hand, if the bears recover the market and the Dogwifhat price records a candlestick close below the $3.4023 midrange, the bears cold have their way. Such a stance could encourage more sell orders, sending the WIF price to the $2.2136 support before WIF becomes attractive for buying.
Investors looking for potential WIF successors might want to consider SLOTH, which has burst onto the scene with a “send SOL“ launch that has blasted past $8.5 million in funds raised in less than two weeks.
Promising Alternative To Dogwifhat
Slothana (SLOTH) is following in the footsteps of ”send SOL” launch pioneers like $BOME, $PUMP, and $PUNDU, which created a new way of launching on the network.
The launch method negates the old presale practices, with no price stages, timers, or even a hard cap. All investors do is send SOL to a token address, and then the team airdrops tokens to your wallet. For every SOL sent to the address, you will receive 10,000 $SLOTH tokens at the end of the presale.
Send SOL to EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA
— Slothana (@SlothanaCoin) March 25, 2024
But you can also visit the Slothana website, connect a wallet, and make a direct purchase. With no predefined hard cap announced, the ICO could conclude at any time, which means now is the best time to buy to avoid missing out.
Fellow sloths! 🌿🦥 A quick update from your favorite crypto connoisseur: I hear some of you are getting antsy about those Slothana tokens! 😅 Fear not, my slovenly supporters! The token drop will happen once our presale reaches its lazy conclusion.
— Slothana (@SlothanaCoin) March 28, 2024
With one SOL buying 10,000 $SLOTH, each token has an approximate price of $0.017502 at the time of writing.
Also Read:
- Slothana Crypto ICO Trends On Twitter, Next Solana Meme Coin To Go Viral After $SLERF And $BOME?
- Slerf Price Prediction: SLERF Is Top Loser With 13% Slump As Traders Send $1M in Solana To New Meme Coin Slothana
- Next Crypto to Explode: Unveiling the Potential Market Shaker of 2024
- Slothana Price Prediction – SLOTH Price Analysis 2024
- Investors Send $1.5 Million In Solana To New Meme Coin Slothana
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