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The Dogwifhat price plunged 13% in the last 24 hours to trade at $1.55 as of 03:43 a.m. EST on trading volume that rose 81% to $564 million.
This comes amid a flash crypto crash, with the crypto market’s market capitalization slumping 4% in the last 24 hours to a $2.3 trillion. BTC, ETH, and SOL are down 4%, 5%, and 5%, respectively.
Dogwifhat Price On A Bearish Trend – Could The Bulls Manage A Bullish Trend Reversal?
The Dogwifhat price has negated all the bullish sentiments, with the token falling from the $3.5 resistance zone to entering a falling wedge pattern, according to data from GeckoTerminal.
WIF currently trades below both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the sustained bearish trend.
Moreover, the Relative Strength Index (RSI) trades down below the 30-oversold level, which shows that sellers have an upper hand, as the RSI trades at 26.
If the bears sustain this trend, the price of Dogwifhat analysis shows that the bears may push the token further to the next support zone around $1.44.
However, with the token being oversold, the bulls may take advantage of this to stage a buyback campaign, which could drive the token above the wedge, as they target $3.5.
Meanwhile, investors are rushing to buy new Solana meme coin Sealana (SEAL) before its presale ends tomorrow, June 25, at 6 p.m. UTC.
#Sealana has got some big news for y'all today! 🦭🍻 After a long night of drinking, doin' American $SEAL things 🇺🇸 and blacking out! 😵 He woke up with some real mental clarity and made the call that the #Presale's gonna end on June 25th at 6 pm UTC! ⏰
You know what that… pic.twitter.com/va7W8abVjb
— Sealana (@Sealana_Token) June 6, 2024
Solana Meme Coin Sealana Bags More Than $5 Million In Presale – Only A Few Hours Left
Sealana is based on a chubby seal in the Solana Sea who spends all day at his computer, gorging on chips and canned tuna while searching for the next big Solana meme coin.
The character, once sleek and agile, is now messy and obese, driven by an insatiable appetite for junk food.
What better way to show your love of Lambos, Massive Gains & Freedom than getting a #USA tattoo to show for it! 🇺🇸 #Sealana knows what’s best for American made #Memecoins and has a plan to make them great again! 🦭
Send $SOL 💸 and let him be an example for all #Degens!💪 #MAGA pic.twitter.com/B4aBZ2wEbI
— Sealana (@Sealana_Token) June 14, 2024
The token has skyrocketed past $5 million in funds raised, putting it in a strong position to compete with top Solana meme coins like BONK, WIF, and BOME after its imminent launch.
According to Crypto Boy, a popular crypto analyst and YouTuber, SEAL has the potential to soar 100X after its launch.
After the conclusion of its ICO in about 26 hours, tokens will be airdropped to investors, with the distribution event reportedly taking place on June 27.
To participate in the presale, visit the official website to buy SEAL tokens here. They cost $0.022 each.
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