Join Our Telegram channel to stay up to date on breaking news coverage
The Dogwifhat price has plunged 10% in the last 24 hours to trade at $3.37 as of 2:30 a.m. EST on a 42% collapse in trading volume to $272 million.
That made it the top loser among the top 100 meme coins by market cap, according to Cryptobubbles.net.
Dogwifhat Price Forms A Bullish Pennant: Can The Bulls Regain Control?
Despite the drop, Dogwifhat’s price seems poised for a bull rally as the bulls seek a rebound on the lower boundary of the bullish pennant. If the momentum continues, the bulls could drive the price above the pennant, continuing the bullish trend.
WIFUSDT Analysis By Tradingview
The bulls have pushed the price above the 200 simple moving average on the 4-hour chart, affirming the bullish outlook. However a sustained bullish pressure should see the price jump above the 50 SMA confirming the anticipated rally.
Though the Relative Strength Index (RSI) has slipped below the 50 midline level, there are signs that it could rebound on the 39 mark and surge to the overbought region of 70.
Dogwifhat Price Signals Another Rally Above
Dogwifhat price signals a bullish stance, with bulls targeting a 49% increase to $6.22. If the momentum is strong enough, it could help the bulls catapult the price, surpassing its all-time high and reaching a new high at $6.22 in the upcoming weeks.
However, should the bearish momentum sustain, there is a risk of the price slipping below the lower boundary of the triangle at $2.65.
SMOG Makes Wave On MEXC Listing
While the WIF price works out its next move, investors might consider diversifying into Solana meme coin Smog (SMOG) after the boost it got from listing on MEXC last week, and for the second season of what it calls “the greatest airdrop in history.“
As Solana meme coins gain more attention, exchanges are now adding them to their platforms, driven by investors seeking big returns.
The recent price jump after SMOG landed on MEXC has investors excited for even more gains. The listing gave more investors easier access to the token, and there’s now chatter coming from the SMOG team about listing on another major exchange soon.
Get Smog Now! Enjoy Season Two Massive Airdrop
SMOG made a big splash in the crypto community when it announced its massive airdrop campaign, which wrapped up season one a week ago after handing out $1 million worth of tokens to investors.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
Now, with season two in full swing, investors are hustling to grab their share of the upcoming airdrop.
The second season is focusing on on-chain and trading activity, giving traders and investors a reason to really get involved with the token via MEXC and elsewhere.
With talk of another major exchange listing coming up soon, now might be an opportune moment to grab tokens before they become even more widely available.
Buy SMOG on its official website for a 10% discount here.
Smog (SMOG) - Meme Coin With Rewards
- Airdrop Season One Live Now
- Earn XP To Qualify For A Share Of $1 Million
- Featured On Cointelegraph
- Staking Rewards - 42% APY
- 10% OTC Discount - smogtoken.com
Join Our Telegram channel to stay up to date on breaking news coverage
