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The Dogwifhat price has pumped 14% in the last 24 hours to trade at $0.372 as of 10:36 p.m. EST on a 6.3% increase in trading volume to $53 million.
Dogwifhat is a Solana-based meme coin that burst onto the crypto scene late last year and has already built a market capitalization of just over $372 million.
Dogwifhat Price Poised For A Bull Rally Above The Bullish Pennant Pattern
WIFUSDT Analysis By Tradingview
The Dogwifhat price is on a bull rally as the bulls continue the surge above the bullish pennant. The bulls have discontinued the bearish trend at the $0.1727 support level, indicating regaining price control.
However, the bears have come in strongly, pausing a resistance that has allowed them to push the price downwards in a correction, leading to the formation of the bullish pennant, which indicates a continuation of the bullish trend.
Furthermore, the technical indicators support the momentum. The bulls have pushed the price above the 50-day and 200-day simple moving averages (SMA) with a moving average cross at $0.3102, affirming the overall bullish outlook.
Moreover, the Relative Strength Index (RSI)is trending upwards at $62, above the 50 midline level, indicating intense buying pressure. If the bulls gain additional strength, there is potential for the RSI to recover and enter the overbought zone.
Dogwifhat Price May Touch $0.50 Mark
Dogwifhat price is generally bullish, with bulls targeting a 30% increase to $0.50. If the momentum is strong enough, it could help the bulls catapult the price, surpassing its all-time high ATH of $0.53 and reach new highs in the upcoming weeks.
However, should the bearish momentum intervene, there is a risk of the price slipping below the 50-day SMA, finding support at $0.32 coinciding with the upper boundary of the pennant.
Meanwhile, investors seeking alternative coins with growth potential akin to Dogwifhat may want to consider SMOG. Already with a market capitalization of $43 million, SMOG promises to launch the biggest airdrop ever.
New Solana Meme Coin To Unveil The Biggest Airdrop In History
New Solana meme coin Smog has drawn increased investor capital following its fair launch on Jupiter DEX on February 7. Standing alongside well-known meme coin giants like Dogecoin, Shiba Inu, Pepe, and Bonk, SMOG now aims to become the top meme token, evidenced by its slogan, “One meme coin to rule them all.”
Smog promises an airdrop soon that will be ”the greatest in history.” This airdrop aims to beat Jupiter’s $700 million airdrop on Solana. To achieve this endeavour, the project’s tokenomics indicate that 35% of the total 1.4 billion token supply has been allocated for airdrop purposes.
Participating In The Airdrop
There are two ways to participate in the airdrop. Investors can simply buy and hold Smog tokens. They can also accumulate airdrop points via participation in Smog’s socials, managed by Zealy. This involves doing various quests and other activities, which are rewarded with points. There are already more than 28,600 airdrop members on Zealy, with over 600,000 tasks completed.
Join the #SMOG community on #Zealy and increase your points for the $SMOG #Airdrop. 🐲
Complete quests for extra points! 📊
Stay tuned for upcoming announcements. 📢🔗https://t.co/3EQxvQwsw3#CryptoCommunity #Altcoins #Memecoins #Binance #Crypto
— SMOG (@SMOGToken) February 21, 2024
If you are holding Bonk, Dogwifhat, Myro, or Samoyedcoin meme coins in your wallet, you may also receive SMOG tokens via airdrop. The Smog team is airdropping tokens worth $1.5k to holders of those four meme coins every day.
You can also earn passively through Smog’s staking protocol, which offers an impressive 42% annual percentage yield (APY).
Jacob Bury, a crypto analyst and YouTuber, says Smog has the potential to surge 100X.
You can visit the official website here to buy Smog for a 10% discount.
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