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The Dogwifhat price has plunged 7% in the last 24 hours to trade at $2.52 as of 7:30 a.m. EST on a 21.7% surge in trading volume to $363 million.
Dogwifhat Price Signals A Double Bottom Pattern Formation
Dogwifhat’s price is signalling a bullish trend reversal as the bears continue pushing the price towards the support zone at $2.31, forming a double-bottom pattern that suggests a shift towards a bullish trend.
WIFUSDT Analysis. Source: Tradingview.com
Despite the bulls’ efforts to drive the price up multiple times, the recent downward trend has been robust. Bears continued to push the price down, gaining control after the price hit resistance at the $4.84 high. However, the bulls have managed to maintain stability and a solid support zone, halting the bears’ profit-taking at the $2.32 support level.
The price trades just above the 50 and 200 Simple Moving Averages (SMAs). However, with an anticipated rebound, momentum might build to help the bulls drive the price above the 200 SMA, initiating a bull rally.
Although trending downwards, the relative strength index (RSI) also signals a rebound on the 30 oversold level, which might push it to 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 Gear Up For A Bullish Trend Reversal
The traders are gearing up for a double-bottom pattern, which indicates a bullish trend reversal for the WIF price. If the pattern takes form, it will empower the bulls to initiate a rally to reclaim the $3.57 high.
Conversely, if the support zone starts to falter, the bears could continue the downtrend, causing the price to drop to the $1.95 support level.
Meanwhile, the WienerAI (WAI) token is gaining traction in the crypto market after rapidly raising $661k.
The Best Alternative To Dogwifhat
WienerAI is a unique new ICO project that is part meme coin, part artificial intelligence (AI), and part sausage.
Tail-Wagging Success
Wiener AI Raises Over $500,000 in Funding! 🌭🚀 pic.twitter.com/7aB1wXg5PZ
— WienerAI (@WienerDogAI) April 29, 2024
But it’s definitely not just another digital asset. It’s actually the most advanced beginner-friendly crypto trading bot ever created. With predictive technology, a simple yet comprehensive interface, and endless functionality, WienerAI helps puts crypto traders ahead of the game by giving them advantages over other traders.
“Simply ask the bot a question related to your crypto investment needs, and WienerAI will use its predictive technology to scour the markets in search of a winner,” says its website. “Once a winner is found matching your queries, WienerAI delivers unbiased analysis and reasoning.”
Don't keep your dog on a leash.
LET IT FLY 🚀 pic.twitter.com/ofLP1CxPxT
— WienerAI (@WienerDogAI) April 28, 2024
WienerAI is an ERC-20 token operating on the Ethereum blockchain, offering 20% of its 69 billion token supply for a staking reward of a whopping 1,317% per annum.
99Bitcoins, a popular YouTube channel with over 700,000 subscribers, says WienerAI could see a massive surge upon its launch and be the next 100x crypto.
If you are interested, buy $WAI tokens now at $0.000702 each before the price increases in less than two days.
Buy WAI tokens on the official website here using ETH, USDT, or your bank card.
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