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The Dogwifhat price rose 18% in the last 24 hours to trade at $3.29 as of 00:43 a.m. EST on trading volume that surged 50% to $807 million.
Dogwifhat is the biggest gainer among the top five meme coin titans with a 63% surge in the last week. This comes as the meme coin sector gains around 5% to record a market capitalization of $63.5 billion.
Dogwifhat Price Set To Soar To A New ATH
The Dogwifhat price has been on a tear in the past month, recording 814% increase in the last 30 days. In this period, WIF registered a new all-time high of $3.47 on March 15, before a slight retrace back to the major support zone at $2.2.
The WIF bulls have used the $2.2 support level to push the price higher through a markup phase, before experiencing resistance at $3.44. WIF is currently trading within this range, with the price movements resembling a bullish pennant. The Dogwifhat bulls aim to use the pennant to push the price higher, surpassing the previous ATH.
WIF is currently trading above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the upward potential of the price.
Additionally, the Relative Strength Index (RSI) is trading over the 50-midline level at 61. If the bulls sustain the current momentum, the RSI could climb past the 70-overbought zone, which could signal intense buying pressure and rising investor optimism.
The increased positive momentum is evident as the Average Directional Index (ADX) trades at 46 and rising.
Moreover, the Stochastic Oscillator 14 3 3 line (green) crosses above the trigger line (orange), which indicates a bullish moving average crossover. A bullish moving average crossover often signals investors to add more buys, which could lead to the price soaring even higher.
Dogwifhat Price Prediction
The Dogwifhat price analysis shows that the bulls are aiming at breaching the previous ATH at $3.47 to a new target of $3.8. The bullish pennant provides the bulls with enough ground to push the price higher.
Additionally, the RSI, ADX, and Stochastic Oscillator provide a bullish sentiment for investors willing to buy more into the project. The golden cross formed at $2.44 also acts as an encouraging factor to push the price even higher.
However, The RSI and the Stochastic Oscillator are moving towards the oversold region, which could signal an incoming price correction. In such a scenario, the bears could take control, leading to price retrace back to the support zone at $2.50.
As the Dogwifhat price soars, you may also want to consider Sponge V2, a project that aims to emulate the 100X surge that Sponge did last year in a bear market.
Crypto analyst and YouTuber Crypto Boy says there is a good chance that Sponge V2 does repeat last year’s 100X pump.
Buy $SPONGE V2 With 100X Possible Returns
So, if you missed the Sponge surge, there is still an opportunity with Sponge V2 before it lists on major additional exchanges soon.
🚀Missed 100x in 2023?💥 $SPONGE is BACK with V2 – Bigger, Better, and ready to absorb the damp!
Hurry and stake now to join the ride! 🔥#SpongeV2 #Web3 #Crypto #Alts pic.twitter.com/VMooQjC79H
— $SPONGE (@spongeoneth) March 25, 2024
The development team phased out Sponge V1 earlier last month, which allowed for the transitioning of $SPONGE’s holders to the more secure V2 on the Polygon network.
Sponge V2 is an upgraded version of its predecessor, promising bigger rewards and a more robust ecosystem.
Join our #SpongeV2 community of over 13,000 holders! 🧽💦
Stake your $SPONGE tokens today! 🚀#100x #Web3 #Crypto #Altcoins pic.twitter.com/zgJkfFSif2
— $SPONGE (@spongeoneth) March 26, 2024
Stake $SPONGE V2, Get Rewards
The platform has a staking option where you can earn a passive income by staking $SPONGE V2 tokens, with an impressive 390% annual percentage yield (APY) on the Polygon network and 170% on the Ethereum network. The APY keeps on reducing every day, making now the best time to buy and stake for a greater reward.
You can also earn through the platform’s play-to-earn game, Sponge Racer, where you get to engage in racing competitions and earn token rewards.
Don't forget, #SPONGERS! 🧽💦#SpongeV2 is bringing exciting utility through our upcoming #P2E game! 🔥
Get ready to earn $SPONGE tokens by playing the game and ranking on the leaderboard.
Stay tuned for more info! 🚀#MemeCoin #Crypto #Alts #100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) March 22, 2024
Sponge launched at $0.000025 last year, and with the V2 price now at $0.002182, the price has skyrocketed 8,726%. If you buy now, you stand to benefit from the impact of new listings on top-tier exchanges that are coming soon.
To join the presale, visit the official Sponge V2 website and link your digital wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.
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