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The Dogwifhat price skyrocketed 23% in the last 24 hours to trade at $3.07 as of 11.30 pm EST on trading volume that soared 216% to $1.67 billion.
The WIF price jump took its weekly performance to 48%, surging from about $2.08. In other words, the WIF price went up by almost a full dollar.
However, the token did hit strong resistance in the past 24 hours as its price attempted to go up from $2.50, only to encounter a strong resistance at $2.75. After trying to breach this level for the better part of a day, the price finally surged past the barrier a few hours ago, reaching the high point of $3.1904 before paring gains.
WIF’s surge comes as part of a broader crypto market rally that kicked off after Donald Trump’s election victory. The surge is ongoing, led by Bitcoin which just reached a new All-Time High (ATH) of $81,858.
While WIF itself is still far from its all ATH of $4.85, reached in March of this year, its rapid price boost is no less impressive.
Dogwifhat Price Prediction
As mentioned, Dogwifhat price has seen a massive surge as part of the ongoing rally, but it seems like the token might see a correction in the hours to come. The drop has already started, although it is unlikely to be particularly severe, given the fact that the market remains extremely bullish.
Its Bollinger bands have seen major widening over the past few hours, putting quite a distance between each other. This happened as the price surge pushed the upper band sky-high, only to suddenly separate from it in the last hour or so, as the correction began.
Right now, the price is dropping toward the middle point between the two bands, but recent performance suggests that it might return to the upper band before reaching the middle point.
This is backed by the project’s Relative Strength Index (RSI) value, which skyrocketed deep into the overbought territory over the last few hours, reaching the value of 83.05 before some traders took profit and caused a correction to start.
However, while the RSI did start spiraling down toward the value of 60, it stopped before reaching it, and it is now already showing signs of new growth.
This suggests that traders have jumped on the opportunity to buy WIF as soon as the price saw a slight drop, likely believing that it has the potential not only to recover, but to soar even higher than it did so far.
Promising Alternative To Dogwifhat
Investors looking for WIF-like performers might consider the new meme coin Flockerz (FLOCK). Flockerz is a project that aims to bring community members together and ensure that they stick around and remain active members of the community.
It plans to do that via its new model known as Vote-To-Earn (V2E). Simply put, the model rewards those who vote on various project-related proposals and participate in the governance process.
In doing so, it also ensures that its project will remain decentralized by giving many a reason to keep coming back and voting.
Another incentive for involvement is a massive 1,213% annual return for staking FLOCK tokens.
Influential YouTuber ClayBro, who has over 130k subscribers, say that FLOCK has 20x potential after it launches.
If you would like to join investors who have pumped over $1.4 million into the meme coin so far, it’s available now for $0.005981. Buy before a price hike in less than 23 hours for the best deal.
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