Dogwifhat Price Prediction: WIF Soars 21% In A Week, But Experts Say This Dogecoin Derivative Might 100X

The Dogwifhat price has surged 21% in the past week and 10% in the last 24 hours to trade at $1.66 as of 7:20 a.m. EST on an 11%  drop in trading volume to $533 million.

Weekly charts indicate that WIF is outpacing the competition. Compared to SHIB’s 3.17% gain, DOGE’s 3.47% boost, and PEPE’s 5.41% rise, WIF’s performance is significantly more robust.

Dogwifhat Price Analysis: Technicals Signal A Bull Rally Ahead

The bulls have established a strong support zone, leading to a bullish trend reversal as buyers drive the Dogwifhat price up towards the resistance zone at $3.95. The support level at $1.32 has led to the formation of a double-bottom pattern, indicating a potential shift towards an upward trend.

WIFUSDT Analysis Source: Tradingview

Given the current trend, for Dogwifhat, additional buying could drive the price up to test resistance levels at the 50-day Simple Moving Average (SMA) and the 200-day SMA, which are at $2.13 and $2.04, respectively.

Beyond these levels, WIF’s price might climb to the neckline of the current chart pattern at $2.90, marking an 80% increase from its current price.

Additionally, the Relative Strength Index (RSI) indicates that the asset is receiving support from buyers, as the RSI has climbed from the oversold territory to its current level of 42, approaching the 50 midline level. If the momentum continues, it could push the RSI into the overbought zone.

The Moving Average Convergence Divergence (MACD) is also trending above the neutral line, suggesting a continued uptrend. Moreover, the blue MACD line has crossed above the orange signal line, creating a bullish crossover that adds to the token’s positive outlook.

Dogwifhat Price Prediction

The focus is now on the $2.3 resistance level for Dogwifhat. If the price closes above $1.89 today, it could indicate that WIF is set to move higher.

On the other hand, if bears gain control and the support zone fails to hold, it could lead to a reversal. This would likely result in a downtrend, with the Dogwifhat price potentially falling to the $2.05 support level.

Next 100X Meme Coin?

While Dogwifhat traders gear up for a bull rally, investors continue to flock to PlayDoge (PLAY), which analysts say has the potential to return parabolic gains for investors.

PLAY aims to make a name for itself within the growing meme coin space. Beyond its meme appeal, the project plans to modernize the popular Tamagotchi game from the 90s by integrating contemporary blockchain and crypto technology.

In the 90s, the Tamagotchi devices were a huge success, selling tens of millions of units worldwide. However, gameplay was limited, often resulting in the digital pets eventually dying and forcing players to restart the game.

PlayDoge seeks to revive this classic with a 21st-century twist. The updated version will allow players to earn cryptocurrency rewards simply by caring for their virtual pets and ensuring they get enough food, love, and sleep. The game will also be mobile-friendly, enabling players to enjoy it on their smartphones.

PlayDoge also offers a 77% annual yield to buyers who stake the token.

Popular YouTuber ClayBro is excited about PlayDoge’s meme coin nature, as well as its inclusion of tokenization and its appeal to blockchain gaming enthusiasts.

To join the project at this early stage, you must first purchase the token using the buy widget on the project’s website. Thereafter, the tokens can be locked up via the staking page on the website to unlock the high staking rewards. However, you need to hurry, because the price of PLAY is set to rise in just over 30 minutes.

Buy PLAY here with ETH, BNB, USDT, or a bank card.

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