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The Dogwifhat price surged more than 20% in the last 24 hours to trade at $2.38 as of 11:27 p.m. EST as investors FOMO buy the Solana meme coin.
Despite the strong 24-hour performance, the crypto still has some work to do to recover from its weekly losses. Currently, the WIF price remains more than 10% in the red over the past 7 days.
Dogwifhat Price Comfortably Breaks Above The $2.1890 Resistance
4-hour chart for WIF/USD (Source: GeckoTerminal)
The Dogwifhat price zoomed past the $2.1890 resistance level and is subsequently attempting to flip the $2.4315 threshold into support as well. Should the canine-themed token successfully break above this technical barrier, it could have the foundation needed to rise to as high as $2.7574 in the short term.
However, the Dogwifhat price failing to close a 4-hour candle above $2.1890 within the next 12 hours might mark the end of the altcoin’s rally. Panicked traders could then start to exert sell pressure on WIF as they try to take profit in this alternative scenario. This could lead to the Dogwifhat price falling to the key support level at $1.8859.
Technicals Suggest The Dogwifhat Price Might Keep Climbing
Technical indicators on WIF’s 4-hour chart suggest the meme coin’s bullish move has only just started. More specifically, Exponential Moving Averages (EMAs) and the Moving Average Convergence Divergence (MACD) indicators show signs that bulls are taking control of the Dogwifhat price.
A major bullish technical flag is on the verge of being triggered by the 9 and 20 EMAs on the 4-hour chart, as the shorter EMA tries to cross above the longer 20 EMA. If this cross happens, it could be seen as an indication that WIF’s short-term momentum has turned bullish. The Dogwifhat price could then continue to rise in the following 24 hours.
Meanwhile, the MACD indicator suggests the Dogwifhat price is already in a bullish trend. This is after the MACD line broke above the MACD Signal line in the last 24 hours. With the gap between the MACD and MACD Signal lines growing, it seems buyers show no signs of letting up any time soon.
While the Dogwifhat price shows strong bullish signs, investors are also flocking to a new meme coin rival by the name of Crypto All-Stars (STARS) for high staking rewards.
Unlocking Passive Meme Coin Rewards For Investors
With talk of an upcoming meme coin supercycle, Crypto All-Stars (STARS) might be the best project for investors to get in on now.
Unlike the tokens that came before it, the project does not solely revolve around its own native crypto. Instead, Crypto All-Stars lets meme coin lovers lock up a variety of tokens through its innovative staking solution for high passive rewards.
Meme coins DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO are already supported on the Crypto All-Stars platform. The team has also announced that more options will be added in the coming weeks.
Anyone who stakes any of these tokens will start to earn passive crypto rewards which are paid out in STARS. However, the rewards don’t stop there, as investors can also lock up STARS for a 511% Annual Percentage Yield (APY) as well.
In addition to the high APY, popular YouTuber ClayBro told his over 130K subscribers that STARS has the potential to soar 10X after its launch.
An Investor Frenzy Erupts Around STARS During Its Ongoing Presale Phase
Crypto All-Stars has already raised over $3 million through its ICO as investors bet big on the project’s future. Whales have also recently joined the meme coin’s presale.
There is still time left for investors to get in on the ground stage of this project. Selling for $0.0015432, STARS can be bought via the simple buy widget embedded on its site using either ETH, USDT, BNB, FLOKI, SHIB, PEPE, DOGE or bank card.
Once purchased, the STARS tokens can immediately be put to work by locking them up through the staking page on the website.
Buyers who want to lock in the best rate will want to act fast because the meme coin’s price is set to increase in a matter of minutes.
Purchase and stake STARS for the 511% APY here before its price increases.
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