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The Dogwifhat price jumped 8% in the last 24 hours to trade at $3.93 as of 03:53 a.m. EST on trading volume that dropped 3% to $605 million.
This comes as WIF maintains its position as the third-largest meme token by market capitalization.
Dogwifhat Price Bulls Set To Push The Price Over The Bullish Pennant
The Dogwifhat price has been on an upward trajectory since March, going through a markup phase to reach an all-time high (ATH) of $4.83. However, the bears took control of the price at this level, with WIF going through a retrace back to the support level at $3.2.
The bulls used the $3.22 support to drive the price up, touching the upper boundary of the bullish pennant. Additionally, Dogwifhat is hovering above the previous day’s open of $3.75, which is a bullish signal for many traders.
WIF also trades above the 50-day and 200-day Simple Moving Averages (SMAs), supporting the current uptrend.
Additionally, the Relative Strength Index (RSI) trades over the 50-midline level at 54, indicating that traders are currently in a buying frenzy. If the bulls sustain the momentum, the RSI could soar past the 70-overbought region, signaling the start of another bullish rally.
Dogwifhat Price Prediction
The Dogwifhat price analysis on the 4-hour chart shows a bullish bias, with the price trading within the upper boundary of the bullish pennant, with the bulls aiming to push it higher above.
The price indicators back the current uptrend, showing immense potential for another breakout, targeting the all-time high of $4.857 in the coming days. The RSI position aggressively backs the commendable price action and may keep WIF moving upward this week.
Additionally, the 50-day SMA crosses above the 200-day SMA, forming a golden cross at $0.3, supporting the price’s potential for further upward movement.
However, if the bears take control of the price at this level, WF may undergo a price retracement, pushing the price down to the support level of around $2.78, acting as a cushion against downward movement.
Smog: Now Trading On MEXC
As WIF bulls look to propel the price even higher, other investors are buying Smog (SMOG), a Solana meme coin that’s vowed an airdrop that will be “the greatest in history.”
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
The token was listed on MEXC last week, and the team has indicated that another top-tier listing is in the works. The MEXC listing coincided with the end of Season 1 of the airdrop, with $1 million worth of rewards being distributed to the community.
The development team then unveiled season 2, focusing mainly on trading activity.
.@SMOGToken: Buy and hold $SMOG tokens to gain access to the greatest airdrop Solana has ever seen, is coming to #MEXCKickstarter 🚀
🗳Vote with $MX to share massive 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
Buy $SMOG Now – An Opportunity For 100X Gains
You can also earn through the platform’s staking option, where you can stake $SMOG for a 42% annual percentage yield (APY).
99Bitcoins, a crypto channel on YouTube with more than 700K subscribers, believes that the new listings could help SMOG to surge a further 100X.
Visit the official website to buy SMOG and get a 10% discount while the offer lasts. You need a compatible wallet to swap ETH or USDT for SMOG tokens. You can also use your bank card.
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