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The Dogwifhat price has surged 20% in the last 24 hours to trade at $2.91 as of 7:30 a.m. EST on a 36% jump in trading volume to $833 million.
WIF has also emerged as the top performer among the top 100 cryptos by market capitalization, according to CoinMarketCap.
Dogwifhat Price Forms A Double Bottom Pattern
Dogwifhat’s price seems poised for a bull rally as the bulls seek a rebound on the support zone forming a double-bottom pattern which signals a bullish trend reversal.
WIFUSDT Analysis. Source: Tradingview.com
WIF’s price has dropped from its peak of $4.84 to around $2.32, where it’s maintaining 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.
WIF is showing signs of recovery, bouncing back from a double bottom pattern. It’s currently 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
The double-bottom pattern has given the bulls a chance to initiate a rally. The price is holding steady around the pattern’s support trendline, which shows that the bulls are hanging tough, allowing 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 $2.07 support level.
A Promising Alternative To Dogwifhat
As the WIF price surges, investors are showing interest in Slothana (SLOTH). Its presale soared past $10 million in less than two weeks, and is now offering investors a final opportunity to buy before it hits exchanges.
Slothana’s joining a new type of presale on the Solana blockchain, drawing on inspiration from popular meme coins like SLERF, PUMP, PUNDU, and BOME that pioneered the method.
🚀 Hold onto your branches, Slothana faithful! 🌿 We're gearing up to drop some major news: the official launch date is on the horizon! ⏰ Get ready to mark your calendars and set your alarms, because a countdown timer will soon grace our site. Let the hype for the Slothana…
— Slothana (@SlothanaCoin) April 14, 2024
This new type of presale has no stages, no timer, no hard cap, and no roadmap. Investors have two options to buy: they can send SOL to the project’s wallet address or make a direct purchase on the Slothana website here after connecting their wallets. Token distribution occurs at the presale’s end.
🌿💰 Prepare for the rise of Slothana! With our coffers overflowing, it's time to embark on a Sloth crusade to establish a global empire. Slothana's reign is imminent. ⚔️ Anyone who stands in its way will face the wrath of the holy Slothana army! 🚀🦥 #SlothanaEmpire… pic.twitter.com/TyFjlJTL8q
— Slothana (@SlothanaCoin) April 11, 2024
Cryptonews, a prominent crypto channel on YouTube, suggests Slothana could potentially see a 10X increase after launch.
Investors have a little over 9 days left to buy SLOTH. If you are interested, go to the official website here to participate in the presale. One SOL buys 10,000 SLOTH tokens.
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