Dogwifhat Price Prediction: WIF Leads Weekly Meme Coin Losers With 26% Plunge As Traders FOMO Into This AI Meme Coin Before Time Runs Out

The Dogwifhat price plummeted over 26% in the past week following a 3% loss in the past 24 hours to trade at $1.91 as of 7:30 a.m. EST.

With the recent drop in the WIF price, the dog-themed token has emerged as the biggest weekly loser among the biggest 100 meme coins by market capitalization. 

The Dogwifhat Price Approaching Critical Support

4-hour chart for WIF/USD (Source: GeckoTerminal)

The Dogwifhat price dropped below the $2.0234 support after printing a series of lower lows and lower highs throughout the past couple of days. Should this bearish momentum continue, the meme coin could soon test the technical safety net at $1.7175 before potentially plunging to as low as $1.4568 in the short term.

However, WIF maintaining a position above the $1.7175 support level for the next 12 hours might invalidate the bearish thesis. Traders could start to identify the crypto as a good long opportunity in this alternative scenario. As a result, the altcoin might attempt to break out of the descending price channel that has emerged on its charts. 

To escape the bearish channel, the Dogwifhat price will need to reclaim a position above the aforementioned $2.0234 mark. A 4-hour candle close above this threshold could then give the crypto the foundation needed to keep climbing in the following 24 hours. WIF might subsequently rise to $2.3520.

Bullish Technical Signs Suggest A Trend Reversal For The Dogwifhat Price

From a technical perspective, indicators on WIF’s 4-hour chart show the meme coin is still in a negative trend. However, there are early signs of a potential bullish reversal starting to appear.

Exponential Moving Averages (EMAs) indicate that short-term momentum favors sellers. More specifically, the 9 EMA is positioned below the 20 EMA line. Although this orientation is bearish, the lines are currently positioned parallel to each other. This could suggest the sell pressure is starting to ease.

Meanwhile, the Moving Average Convergence Divergence (MACD) line is starting to close in on the MACD Signal line. With the prior currently positioned below the latter, the narrowing gap between the two technical indicators could be an early sign of an upcoming bullish trend reversal. An intersection between the two lines might confirm that buyers have taken control.

While WIF tries to fend off sellers, buyers are flocking to WienerAI (WAI) as the project offers one last chance to invest before it lists in less than 3 days.

Taking Crypto Traders To The Next Level

WienerAI (WAI) is a meme coin project that comes with powerful AI technology. Its computer models have been trained to analyze the volatile crypto markets, and are able to sniff out profit-making opportunities.

Traders can thus leave the analytics to WienerAI, and focus all of their attention on the timing and capital allocation for each of their trades. 

To streamline the execution of trades, WienerAI also offers users a seamless token swap solution. With this platform, traders and investors will never miss another golden opportunity again.

There is also constant MEV protection offered within the WienerAI ecosystem, allowing traders to rest assured that they will not be frontrun by pesky MEV bots.

YouTuber The Crypto Mark recently urged his viewers to purchase WienerAI due to its unique selling points.

One Last Chance To Get In On WAI Before It’s Too Late

WienerAI has raised over $9 million through its presale. Given this early success, the project is offering investors one last chance to acquire the token at ICO prices.

With less than 3 days left, time is also running out for potential buyers to become eligible for the 122% APY on offer to anyone who purchases and stakes the token at this early stage.

We raised $9M!

Thank you for your incredible support. WienerAI is now more powerful than ever! pic.twitter.com/4LKZnQCR6B

— WienerAI (@WienerDogAI) August 1, 2024

To unlock these rewards, investors can utilize the simple buy widget embedded on the project’s official website. ETH, USDT or bank card can be used to purchase WAI, which is currently selling for $0.00075. 

Purchase WAI here before it’s too late.

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