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The Dogwifhat price rose 5% in the last 24 hours to trade at $2.97 as of 11:50 p.m. EST on trading volume that skyrocketed 85% to $1.4 billion.
Dogwifhat Price Set To Soar Over The Falling Wedge Pattern
The Dogwifhat price was in a consolidation phase around April as the bulls struggled to push the price above the $3.5 resistance. After reaching this resistance level in April, WIF went down through the falling wedge pattern, as data from GeckoTerminal shows.
However, the $2.48 mark has acted as support for the bulls to push the price, sending it soaring over the upper boundary of the falling wedge.
The main technical indicators also show signs of an upward trajectory for WIF’s price. WIF trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), both providing support at $2.91 and $2.80.
Furthermore, the Relative Strength Index (RSI) shows signs of a price rebound as the RSI line trades over the 50-midline level. A sustained bullish momentum could see the RIS soar to the 70-overbought region, signifying intense buying pressure and continued investor optimism.
The Moving Average Convergence Divergence (MACD) supports the bullish prospects. The blue MACD line crosses over the orange signal line, representing a bullish crossover. A bullish crossover encourages the bulls to add to their positions, which could in turn have a positive push on WIF’s price.
Additionally, the green bars on the histogram also extend above the zero line, which indicates that WIF is on a positive momentum set to soar to the upside.
Dogwifhat Price Prediction
The Dogwifhat price analysis shows that the bulls are gearing up to sustain WIF’s rally over the falling wedge pattern, as they target $3.5 in the coming days.
Both the MACD and RSI show signs of an extended bullish rally, as they both open spaces for retail investors to add to their buying positions.
However, the 200-day SMA crosses above the 50-day SMA, forming a death cross at $2.90. A death cross could still prompt the bears to put pressure on WIF. Its price could retrace back to the $2.80 critical support, coinciding with the 50-day SMA.
As the WIF price soars, some investors are looking to new Solana meme coin Sealana as a possible successor that might be the next crypto on the blockchain to explode.
Crypto Boy, a crypto analyst on YouTube with almost 40K subscribers, says that $SEAL could potentially soar 100X after its launch.
Sealana Presale Blasts Past $2.5 Million – Best Alternative To WIF?
Sealana (SEAL) is a playful meme coin inspired by a patriotic, obese American redneck seal. Such a quirky concept and its play on American culture has struck a chord with the crypto community, as shown by its presale zooming past $2.5 million in funds raised.
New Meme Crypto ‘Sealana’ Attracts Whales As Solana Price Recovers.
#SolanaMemecoin pic.twitter.com/zqP73U7Mk3— TechStory (@TechStoryin) May 5, 2024
The success of previous Solana meme coins like Slothana (SLOTH), which raised $15 million in its presale in just over four weeks, sets a promising precedent for Sealana.
Y’all listen up!📢
When #Sealana said "MAKE AMERICA GREAT AGAIN", he meant we gotta finish buildin’ that god darn wall! 🧱🇺🇸
Creatin’ a land of prosperity where all American $SEALS can shoot guns🔫, drink drive🛻, and leave the trailer park behind!🏚️🚀
Join the #Presale, bag some… pic.twitter.com/GldZlorvvB— Sealana (@Sealana_Token) May 17, 2024
Being a ”Send Sol” project with no timer, stages, or hard cap, the SEAL ICO could end at any time, making now the best time to buy.
To participate in the presale, you can visit the official website to buy SEAL tokens here. One $SEAL costs $0.022.
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