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The Dogwifhat price surged 15% in the last 24 hours to trade at $2.0 as of 00:58 a.m. EST on trading volume that skyrocketed 134% to $1.1 billion.
The latest WIF price pump adds to weekly gains that have reached 29% as the crypto market turns more bullish.
Dogwifhat Price On A Continued Bullish Trend
The Dogwifhat price was in a consolidation phase from the end of August, as it traded within the $1.5 range, according to data from GeckoTerminal.
The WIF price bulls then won the struggle for dominance as the price soared past the upper boundary of the sideways pattern to the $1.9 resistance. The slight correction back to the $1.62 support and back to the resistance zone allowed the price of Dogwifhat to form a rounding bottom pattern as the bulls aim for a bullish trend continuation.
WIF now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish rally.
Moreover, the Moving Average Convergence Divergence (MACD) seems to be soaring past the neutral line, confirming the bullish run. The green bars on the histogram are also beginning to form above the zero line, which shows that WIF is currently on positive momentum.
Dogwifhat Price Prediction
According to the WIF/USD chart analysis on the 4-hour timeframe, WIF is currently on a sustained bullish trend reversal, as the bulls target a trend continuation. The main indicators, which include the RSI and MACD, show that the asset is currently on a positive trajectory.
If the bulls sustain this momentum, the price of Dogwifhat may soar even higher, as the goal is a price above $2.3.
However, the Relative Strength Index (RSI) seems to be dropping from the 70-overbought region, currently at 68, which suggests that the bears may be selling. If the RSI continues to drop, the price of Dogwifhat may go through a correction, with $1.62 acting as the next support zone.
Meanwhile, as the Dogs price aims for a bullish trend reversal, investors are snapping up a new meme coin casino project called Memebet Casino (MEMEBET Token), which YouTube channel 99Bitcoins, with more than 706k subscribers, says could outperform all other Telegram gaming tokens.
Memebet Casino Raises Over $283K In Presale
Memebet Casino is shaking up the online gaming world, raising over $283K in the fortnight since its ICO launched.
The casino, designed for the “degen” community, allows users to wager with popular meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), making it the first platform of its kind.
Built on Ethereum, Memebet Casino ensures a secure, transparent, and fair gaming experience. It’s integrated with Telegram, offering a no-KYC setup for seamless play.
Not the casino we deserve but the casino we need 🎰 #MemeBet #Presale & #Airdrop coming soon! 🚀 #Memecoins, #Crypto gaming and more! 🎮🏆 $COIN $DOG $PEPE #SOL #RNDR pic.twitter.com/oR2xja6JFK
— MemeBet (@Memebetcasino) May 23, 2024
At the heart of the ecosystem is $MEMEBET Token. By purchasing and betting with it, users unlock exclusive benefits like play-to-earn airdrops, degen rewards, and VIP perks.
The platform will also soon introduce a Lootbox feature, offering real-world prizes and bonuses.
To join the presale, you can buy $MEMEBET Token on the official website for $0.0253 using USDT, ETH, or a bank card. With a price hike coming in about 90 minutes, buy soon to lock in the best deal.
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