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The Dogwifhat price has surged more than 29% in a week after a 1% rise in the past 24 hours to trade at $2.09 as of 11:34 p.m. EST.
As a result of the pump in the last 7 days, the WIF price is also up over 17% on the monthly time frame. It is, however, still down more than 56% from its all-time high of $4.85 that it set on March 31 this year.
The Dogwifhat Price Price Gearing Up To Challenge The $2.1431 Resistance
4-hour chart for WIF/USD (Source: GeckoTerminal)
The Dogwifhat price is approaching the resistance level at $2.1431, and is attempting to overcome the major barrier. Closing a 4-hour candle above this threshold within the next 12 hours could clear some room for WIF to rise to the subsequent mark at $2.3754.
On the other hand, the Dogwifhat price failing to close a 4-hour candle above $2.1431 within the next 12 hours could invalidate the bullish thesis. In this alternative scenario, the meme coin might be at risk of testing the $1.9049 support level. A drop below this technical safety net could then lead to WIF plunging to as low as $1.6496 in the following 24 hours.
The Dogwifhat Price Shows Technical Strength, But Its Bullish Trend Might End Soon
From a technical perspective, indicators on WIF’s 4-hour chart suggest that the meme coin could keep climbing in the coming 24 hours as it finds itself in a bullish trend. There is one sign that this positive cycle might be approaching its end, which traders will want to keep an eye on.
Currently, the 9 Exponential Moving Average (EMA) is positioned above the 20 EMA, which generally indicates that short-term momentum for a crypto has been more bullish than over the long term. Investors and traders also usually see this as a sign of a continuation of a crypto’s positive trend.
Meanwhile, the Moving Average Convergence Divergence (MACD) line is positioned above the MACD Signal line. This suggests that WIF is in a positive trend. However, the gap between the two technical indicators is starting to narrow, which could be an early sign of the meme coin’s positive cycle nearing its end.
While the Dogwifhat price tries to overcome a technical hurdle, investors are still flocking to innovative meme coin competitor Crypto All-Stars (STARS), which offers astronomical staking rewards.
Consolidating Meme Coin Staking Rewards On One Innovative Platform
Crypto All-Stars (STARS) offers meme coin fans an innovative staking platform that supports a variety of tokens for the chance at impressive rewards.
Meme coins that can be staked on the Crypto All-Stars platform include DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO. The STARS tokens earned on the platform can then also be staked for a rare rewards multiplier.
And anyone who locks up STARS now will be eligible for 917% in annual rewards.
Several crypto experts and analysts are bullish on Crypto All-Stars given its unified staking platform and its appeal to both the communities behind the tokens it supports on its platform and the broader meme coin market.
Popular YouTuber ClayBro analyzed the meme coin’s potential to generate substantial returns for investors in a recent video to his $130K subscribers. He also highlighted the surging demand for the token, which could send the price of STARS soaring post launch.
Over $1.6 Million Raised So Far
Investors are rushing to purchase STARS at presale prices, which is evident by its ongoing ICO already having raised over $1.6 million. With the high staking rewards on offer and the unprecedented degree of utility the project will bring to the meme coin space, it’s easy to see why an investor frenzy has erupted around the young crypto.
Potential buyers can acquire the token utilizing the simple buy widget embedded on the project’s website. Its innovative staking platform is not the only thing that makes Crypto All-Stars a unique project, as it is also one of the few projects that accepts meme coins for ICO purchases.
Selling for $0.0014652, STARS can be bought using either ETH, USDT, BNB, FLOKI, SHIB, PEPE, DOGE or bank card.
Investors looking to buy the token at the best rate will want to act fast because its price is set to increase as its presale progresses. There are just 2 days left until the next price hike will come into effect.
Purchase and stake STARS for the 917% APY here before its price increases.
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