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The Dogwifhat price slumped 11% in the last 24 hours to trade at $3.89 as of 03:09 a.m. EST on trading volume that surged 12% to $860 million.
This comes after WIF surpassed PEPE last week to become the third-largest meme coin by market capitalization. The token recorded an all-time high (ATH) of $4.83 on March 31, days after the token secured a listing on the world’s biggest crypto exchange, Binance.
Dogwifhat Price Set For A Bullish Rally Over The Bullish Pennant
The Dogwifhat price was in consolidation in February, trading within the $0.3 level as the struggle for dominance intensified within this range. WIF bulls won the struggle, driving the price through a markup phase to the $3.28 resistance level.
However, the bears may have taken charge of the price, driving the price down to the support zone of around $2.0.
The WIF bulls capitalized on the support to drive the price higher again to an ATH of $4.83 before going back through a retrace.
Even though WIF is on a downtrend, the price still trades above the 50-day and 200-day Simple Moving Averages (SMAs), which shows that WIF still has the potential to move up.
Additionally, the Relative Strength Index (RSI) coincides with the current price movement, as it trades on a downtrend towards the oversold levels, currently at 45. If the bears continue exerting pressure, the RSI could go further down to the 30-oversold region, indicating intense selling pressure.
Dogwifhat Price Prediction
The Dogwifhat price analysis shows a downtrend with the potential for a reversal as WIF trades within the boundaries of a bullish pennant. Additionally, the 50-day SMA crosses the 200-day SMA, forming a golden cross at $0.34.
The RSi is driving down towards oversold levels, which may suggest that the price may pick up a correction in the coming days. This may encourage interested investors to add to their buying positions, which may likely reverse the price for an upward rally.
However, if the bears sustain the downward pressure, WIF may go further down to the support level at $2.50.
Meanwhile, as the Dogwifhat price bulls look to add to their buying positions, investors are rushing to another Solana-based meme that’s just blasted past $6 million raised in presale.
Slothana: Best opportunity For 100X Gains
Slothana (SLOTH) is a new Solana meme coin sensation that aims to capitalize on all the attention surrounding Solana blockchain meme coins.
The project is positioned as the next big viral meme token on the Solana blockchain, and aims to create the same excitement seen with Solana meme coins including $SLERF, $BOME, $PUMP, and $PUNDU.
🌿🦥 As the sun sets on Easter Monday, I can't help but feel blessed by the loyal supporters of Slothana! 🌅🚀 Just like the disciples followed their messiah, you, my fellow sloths, continue to spread the gospel of lazy trading and meme craft #slothana #memecoin
— Slothana (@SlothanaCoin) April 1, 2024
These coins came up with a new way of launching on Solana in which there are no price stages, timers, or even a hard cap. Instead, buyers just send $SOL to a token address and are then airdropped tokens.
But you can also use the widget on the official website and specify the amount of $SOL you wish to exchange for $SLOTH. Click the ‘buy now’ button, choose your wallet, and finalize the transaction.
⏰ Tired of the 9-5? So is Slothana!🦥Our office sloth is ready to ditch the daily grind and embrace the world of crypto trading. No more getting high on herb, just high on profits! Send SOL to help our sloth go from 420 couch surfer to $420m crypto chad! #slothana #memecoin
— Slothana (@SlothanaCoin) March 25, 2024
Slothana Rockets Past $6 Million, 100X Gains?
Slothana has surged past $6 million raised in slightly more than a week. ClayBro, a prominent crypto analyst and YouTuber, says that Slothana could surge 100X after launch.
As the team has set no specified price stages or timers, it is uncertain when the presale will end. This makes now the optimal time to buy before the tokens are sold out
To participate, you can buy on the official website here. For every 1 SOL sent to the address, you will receive 10,000 $SLOTH.
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