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The Dogwifhat price surged 6% in the last 24 hours to trade at $2.55 as of 00:58 a.m. EST on trading volume that soared 45% to $792 million.
Dogwifhat Price Aims For A Bullish Breakout
After a previous uptrend, the Dogwifhat price is moving in a sideways consolidation phase. It has found support around $2.20 (highlighted in yellow) and faces resistance near $2.79 (highlighted in red), according to data from GeckoTerminal.
The price of Dogwifhat has been interacting with the 50-day Simple Moving Average (SMA) and currently trades just below it, which might act as immediate resistance. Meanwhile, the price has bounced from the 200-day SMA, indicating that this level is acting as strong support. As long as the price remains above it, the long-term trend remains bullish.
The Relative Strength Index (RSI) is currently at 53.84, which is in the middle of the range (30-70), suggesting that the market is in a neutral state. It is not yet overbought (above 70) or oversold (below 30) territory, giving room for the price to move in either direction. The slight uptick in RSI suggests some positive momentum but not a strong enough signal for a significant breakout.
The Moving Average Convergence Divergence (MACD) line (blue) is slightly above the signal line (orange), with a small positive value (0.0152), indicating weak bullish momentum. However, the histogram shows minimal momentum, suggesting that the market is still in a consolidation phase.
Dogwifhat Price Prediction
The general Dogwifhat price analysis shows that WIF exhibits some bullish sentiments, as the bulls aim for a breakout above the sideways pattern. If they succeed in pushing the price of Dogwifhat up, WIF could soar, as the bulls target $3.5.
However, if the bears take control of the price here, WIF could plunge, with $2.0 acting as the next possible support level.
As the Dogwifhat price soars, the new meme coin project Crypto All-Stars is racing towards $3 million in funds raised in its ICO.
ClayBro, a prominent crypto analyst with over 130K subscribers, says STARS has the potential to soar 26X after its launch.
Crypto All-Stars Presale Secures $2.6 Million
Crypto All-Stars gives investors the ability to stake multiple top meme coins in one place for the first time.
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
It makes that possible via its innovative MemeVault protocol, which pays rewards in STARS. Traders will be able to stake 11 meme coins after STARS goes live: Dogecoin, Shiba Inu, Pepe, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk.
The project will add more meme coins in the coming months.
You can also earn passively through the project’s native staking mechanism, which offers a huge 573% annual percentage yield (APY) on staked STARS tokens.
You can buy STARS tokens now for $0.0015188 apiece. With the price set to increase in less than 1 day, act fast to lock in the best deal.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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