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The Dogwifhat price surged 12% in the last 24 hours to trade at $2.316 as of 9:05 p.m. EST on trading volume that jumped 11% to $1.1 billion.
This comes as the meme coin space soared 9% to reach a market capitalization of $51 billion. The top three meme coins, DOGE, SHIB, and PEPE, climbed 3%, 9%, and 7%, respectively, according to CoinGecko.
Dogwifhat Price Prediction: WIF On A Bullish Trend Reversal
The Dogwifhat price has been on a continued surge from September 23, as the bulls capitalized on the $1.61 sustained support. WIF went through a markup phase, allowing the token to surge to the next resistance level at $2.57.
Recent price movements have formed a bullish flag pattern, as the bulls struggle to push the price past the resistance.
The price of Dogwifhat seems to be rebounding from the lower boundary of the flag, as the bulls stage a rebound from the recent slight correction.
WIF now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which is an indication that the price may still soar.
We also see the Moving Average Convergence Divergence (MACD) supporting the overall trend, as it is moving towards the zero line, with the blue MACD line crossing over the orange signal line.
Furthermore, the Relative Strength Index seems to be rebounding from the 50-midline level, currently at 55 as it moves up. This shows that buyers are now entering the market.
WIFUSDT Chart Analysis (Source: Tradingview)
Dogwifhat Price Prediction
The WIF/USDT chart analysis on the 4-hour timeframe shows that the Dogwifhat price is currently on a bullish trend, as the bulls aim to sustain this trend. If investors capitalize on the positive indicators, the price of Dogwifhat may soar over the upper boundary of the flag, as they target $2.73.
Meanwhile, if the bears exert any pressure at this level, the WIF price may drop back to the $2.0 support, which now acts as a cushion against a further correction.
As the Dogwifhat price soars, so, too, are funds being pumped into the new meme coin Crypto All-Stars (STARS), which has just blasted past $2 million in funds raised in its presale.
Jacob Bury, a prominent crypto YouTuber with 42.6k subscribers, says $STARS has the potential to soar 10X after its launch.
Crypto All-Stars Zooms Past $2 Million
Crypto All-Stars aims to ͏rev͏o͏lut͏ion͏iz͏e the meme ͏coin space with ͏its groun͏dbreaking MemeVault ͏Ecosystem, which enables investors to stake multiple top meme coins on one platform.
Eleven meme coins will be enabled for staking on the platform from its launch, and they are: Pepe, Dogecoin, Shiba Inu, Floki Inu, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk. More meme coins will be added in the coming months.
Why Is Everyone Excited?
In its initial presale phase, Crypto All-Stars raised over $350k! 💰
This early success shows that investors see BIG potential here. 🚀
Could this be the next $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
Investors can also earn passively through the project’s staking mechanism, which offers a huge 747% in annual rewards.
STARS is selling right now for $0.0014828. With a price increase coming in less than two days, buy soon to lock in the best deal.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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