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The DogWifHat price soared 17% in the last 24 hours to trade at $3.28 as of 02:43 a.m. EST on trading volume that surged 86% to $725 million.
This comes as Coinbase International is gearing up to launch WIF perpetual futures at around 9:30 a.m. UTC on April 25.
DogWifHat Price Set For A Rebound Over The Falling Wedge Pattern
March saw the DogWifHat price surge massively to an all-time high (ATH) of $4.83, acting as the immediate resistance that the bulls have to overcome.
The DogWifHat price has been on a downtrend in April, dropping within the falling wedge pattern. However, WIF looks to have found its support around $2.20, which has allowed the bulls to push the price above the upper boundary of the wedge.
WIF is trading above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the sustained bullish run over the wedge.
Additionally, the Relative Strength Index at 75 indicates that WIF is currently under intense buying pressure, a signal of investors buying in huge numbers.
DogWifHat Price Prediction – Bulls Aiming For $5
The DogWifHat price analysis indicates that WIF is currently on a rebound from within the lower boundary of the falling wedge, having breached the upper boundary.
With the RSI soaring to show that the asset is overbought and the golden cross at $2.8, the WIF bulls are set to propel the price higher, surpassing the previous all-time high at $4.83, as they aim for further price movements above $5.
However, since the RSI has already crossed to the overbought region, investors may soon start booking profits, which could drive the price down through a retrace to the support of around $2.26.
Meanwhile, as the WIF price surges, investors are also sending their SOL to another Solana alternative, the stoner sloth-themed token Slothana.
Slothana Raises Over $15 Million Raised – Last Chance To Buy Before Launch
Slothana (SLOTH) has skyrocketed past $15 million in its presale as it draws on inspiration from popular Solana meme coins such as $SLERF, $PUMP, $PUNDU, and $BOME, which pioneered a new way of launching on Solana.
https://twitter.com/SlothanaCoin/status/1782342998971302135
The new method of launching on Solana does not require any price stages, timers, or hard caps. Investors choose between two buying options: Sending SOL to the project’s wallet address, or visiting the Slothana website to make a direct purchase.
🚀 Exciting news for our lazy sloth community! Our airdrop is being prepped for launch, which means the presale is wrapping up soon. ⏳ With Solana congestion expected to end in the coming days, now's the time to join the holy Slothana army!🌿💸 #SlothanaAirdrop #PresaleEnding
— Slothana (@SlothanaCoin) April 12, 2024
Token distribution will happen at the end of the presale. When Slothana’s timer runs down, there will be an airdrop date announcement.
🚀 Hold onto your branches, Slothana faithful! 🌿 We're gearing up to drop some major news: the official launch date is on the horizon! ⏰ Get ready to mark your calendars and set your alarms, because a countdown timer will soon grace our site. Let the hype for the Slothana…
— Slothana (@SlothanaCoin) April 14, 2024
According to Cryptonews, a prominent crypto channel on YouTube, Slothana has the potential to surge 10X after launch.
Investors now have only less than five days remaining to purchase before the launch on April 29.
To participate in the presale, buy $SLOTH on the official website here. For every 1 SOL sent to the address, you will receive 10,000 $SLOTH.
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