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The Dogwifhat price surged over 9% in the last 24 hours to trade at $1.79 as of 11:33 p.m. EST as investors enter into a buying frenzy for the meme coin.
The WIF price has also jumped 15% in the past week.
The Dogwifhat Price Approaching A Major Resistance Level
4-hour chart for WIF/USDT (Source: GeckoTerminal)
The Dogwifhat price has been in a positive sequence on the 4-hour chart in the last 24 hours, and is now attempting to overcome the $1.8082 resistance level. Should the meme coin close a 4-hour candle above this threshold within the next 12 hours, WIF could have the technical foundation needed to rise to the subsequent mark at $1.9575 in the following 24 hours.
However, the Dogwifhat price getting rejected by the $1.8082 barrier could invalidate the bullish thesis. In this alternative scenario, WIF might stand the risk of correcting down to the immediate support level at $1.6628. If sellers decide to keep exerting pressure on the altcoin’s price should it drop to this point, then WIF could end up falling to $1.5620.
The Dogwifhat Price Backed By Strong Bullish Momentum
Technical indicators on WIF’s 4-hour chart are flashing bullish, and suggest the meme coin’s price could continue to climb through the course of the next trading day. The Moving Average Convergence Divergence (MACD) line is positioned above the MACD Signal line to indicate that WIF is currently in a short-term positive trend.
Meanwhile, the 9 Exponential Moving Average (EMA) is positioned above the longer 20 EMA to also suggest that the Dogwifhat price is in a bullish trend. With the 9 EMA still rising away from the 20 EMA, it seems WIF’s positive momentum is picking up steam.
If the positive momentum indicated by the EMAs and MACD on WIF’s 4-hour chart push the Dogwifhat price higher, the meme coin could soon flip the $1.8082 resistance level into support.
While technical indicators point to a continued rise in the WIF price, investors are flocking to the new meme coin presale Crypto All-Stars (STARS), which offers a stratospheric 1,059% Annual Percentage Yield (APY) on staked STARS tokens.
Uniting Meme Coins Through An Innovative Staking Platform
Crypto All-Stars (STARS) is set to make a name for itself in the meme coin space because it introduces a unified staking experience to the lighthearted sector of the crypto market.
Through its MemeVault protocol, investors can stake a variety of meme coins including DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO.
More staking options will be added to the platform in the coming weeks, and all rewards are paid out in STARS. STARS can then also be locked up for passive rewards, with that astonishing APY of 1,059% being offered to anyone who puts their tokens to work at this early stage. Investors will subsequently have the opportunity to earn compounded staking rewards.
The innovative staking solution being presented by Crypto All-Stars has excited several experts and analysts, including popular YouTuber Jacob Crypto Bury. He made a bold prediction about STARS in a recent video to his 42K subscribers, suggesting STARS might 10x after launch.
More Than $1.4 Million Raised As A Crypto Whale Enters The Mix
Crypto All-Stars has already raised over $1.4 million through its ongoing ICO, as investors bet big on the project’s future. Part of this substantial raise came from a whale purchase at the start of the month, when a large crypto holder acquired $50K worth of STARS.
There is still time left for investors to buy the meme coin at presale prices using the simple buy widget embedded on the project’s website. Selling for $0.0014535, STARS can be bought using a variety of cryptos that include ETH, USDT, BNB, FLOKI, SHIB, PEPE and DOGE. A bank card can also be used.
Once purchased, the tokens can be put to work immediately via the staking page on the website. Investors looking to lock in the best rate might want to hurry, however, because the meme coin’s price is scheduled to increase in about 2 days, and again in subsequent stages of the presale.
Purchase and stake STARS here for the 1,059% APY before its price increases.
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