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The Dogwifhat price has plunged 3% in the last 24 hours to trade at $2.84 as of 7:30 a.m. EST on a 2% rise in trading volume to $472 million.
Despite the decline, traders in WIF were boosted by news that Coinbase International is preparing to launch DogWifHat perpetual futures. The WIF-PERP trading is set to start at or after 9:30 a.m. UTC on April 25.
@CoinbaseIntExch will add support for dogwifhat perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our WIF-PERP will begin on or after 9:30am UTC on 25 APR 2024. pic.twitter.com/gIXr3XKXrV
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) April 18, 2024
Dogwifhat Price Rides The Double Bottom Pattern Wave
Dogwifhat’s price is gearing up for a bullish rally after rebounding from the support zone at $2.31, forming a double-bottom pattern that suggests a shift towards a bullish trend.
WIF’s price has dropped from its peak of $4.84 to around $2.32, where it maintains stability. Bulls are showing signs of resilience to turn things around, but the recent downtrend has been quite strong, with bears exerting pressure to push the price down again.
WIFUSDT Analysis. Source: Tradingview.com
WIF shows signs of recovery, bouncing back from a double bottom pattern. It’s trading just above the 50 Simple Moving Average (SMA). If the momentum continues to build, we can expect bulls to drive the price above the 200 SMA, confirming the upward trend.
The relative strength index (RSI) also shows positive signs, trending upwards from the oversold level of 30 past the midline level of 50. If this momentum continues, the RSI could enter the overbought territory, indicating that buyers exert significant pressure.
Dogwifhat Price Bulls Initiate A Bullish Trend Reversal On 50 SMA
The double-bottom pattern has given the bulls a chance to initiate a rally. The price is steady at around 50 SMA, which shows that the bulls are hanging tough. This allows them to gather momentum and push the price to reclaim the $4.84 high.
Conversely, if the support zone starts to falter, the bears could seize control, causing the price to drop to the $2.31 support level, below the 50 SMA.
Slothana: The Next 100X Meme Coin: Buy Now!
As WIF price traders gear up for a bullish move, investors are showing interest in Slothana (SLOTH), an alternative Solana-themed token to Dogwifhat.
Slothana ($SLOTH) has rocketed past $15 million in its blowout presale as it draws on inspiration from popular Solana meme coins such as SLERF, PUMP, PUNDU, and BOME.
Investors now have only less than six days remaining to purchase before the launch on April 29.
https://twitter.com/SlothanaCoin/status/1782342998971302135
The team is preparing to airdrop tokens to investors on a date that will be announced at launch.
In the meantime, investors have two options to buy SLOTH: send SOL to the project’s wallet address, or make a direct purchase on the Slothana website after connecting their wallet.
🌿📜 And on the eleventh day before the grand unveiling, Slothana spoke unto its disciples, saying: 'Behold, the countdown draws ever nearer to its end.' 🚀 Let us remain steadfast in our slothful anticipation, for soon shall come the epoch of Slothana's glory. 🦥💫… pic.twitter.com/i88c7aDdv6
— Slothana (@SlothanaCoin) April 18, 2024
You can buy Slothana on the official website here. One SOL is equivalent to 10,000 SLOTH tokens.
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