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The Dogwifhat price surged over 12% in the last 24 hours to trade at $1.90 as of 7:26 a.m. EST as investors rush to buy the canine-themed token.
The WIF pump made it the top performer in the past 24 hours among the biggest 100 cryptos by market capitalization, according to Crypto Bubbles. It has surged 24% in the past 7 days.
The Dogwifhat Price Breaks A Major Resistance Level
4-hour chart for WIF/USD (Source: GeckoTerminal)
The Dogwifhat price is attempting to break out of a short-term ascending price channel as well as flip the resistance level at $1.7949 into support. A 4-hour candle close above this threshold in the coming 8 hours could give the meme coin the necessary technical foundation to rise to the next major mark at $1.9793 in the following 24 hours.
However, a drop below the $1.7949 in the next 8 hours might stop the Dogwifhat price in its tracks. In this alternative scenario, WIF could be at risk of dropping to as low as $1.6324.
Buyers Are Tightening Their Grip On The Dogwifhat Price
From a technical perspective, indicators on the meme coin’s 4-hour chart warn that WIF might keep climbing through the course of the next 24 hours.
In the last few hours, the Moving Average Convergence Divergence (MACD) line crossed above the MACD Signal line. Traders generally see this as an indication that a crypto has entered into a positive trend. With the gap between the two lines growing, it seems WIF’s bullish momentum is picking up steam as well.
Relative Strength Index (RSI) readings have also risen in the last couple of hours, and crossed the key 50 benchmark recently to signal that buyers have taken control of the Dogwifhat price. What’s more, the indicator is still positively sloped to suggest that bulls are growing even stronger against their bearish counterparts.
If these technical signs influence traders’ decisions in the next 24 hours, then a wave of buy pressure could enter the meme coin’s charts soon. This might then push the Dogwifhat price to the aforementioned $1.9793 resistance level.
While WIF shows promising technical signs, investors are flocking to the presale of a new meme coin by the name of Crypto All-Stars (STARS), not least because of incredibly staking rewards.
Bringing Together The Top Meme Coins For Unprecedented Staking Rewards
Crypto All-Stars (STARS) will provide meme coin lovers a way to grow their holdings passively without having to rely on speculative market movements or breaking developments.
Through its innovative MemeVault staking platform, the project lets holders of numerous big-name meme coins stake their tokens for rewards.
Popular cryptos including DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO are all supported on the platform, with more options scheduled to be added in the coming weeks.
Once the tokens have been staked, investors will earn rewards that are paid out in STARS.
In addition to being able to stake a variety of popular meme coins on one platform, investors can also put their earned STARS tokens to work for potential compounded rewards. There is a 953% APY on offer to anyone who stakes STARS now.
YouTuber ClayBro recently told his more than 130k subscribers to prepare for 10x gains after STARS launches.
Investors Take A Bet On STARS’ Future
Crypto All-Stars has already raised over $1.5 million through its ongoing presale, signaling strong investor confidence in the project’s future.
A potential reason behind this investor frenzy might be the aforementioned 953% on offer to anyone who stakes STARS at this early stage. So far, presale buyers have staked more than 772 million STARS to get in on the high rewards.
Anyone that wants to lock up STARS to gain access to the competitive APY before it’s too late will first need to acquire the token using the simple buy widget embedded on the project’s website.
Selling for $0.0014593, STARS can be bought using either USDT, ETH, BNB, FLOKI, SHIB, PEPE, DOGE or bank card. Once purchased, investors will need to lock up their STARS tokens via the staking page on the website to start earning passive rewards.
Buyers who want to lock in the best rate will want to hurry because the meme coin’s price is set to increase in less than 20 hours, and again in each subsequent stage of its ICO.
Purchase and stake STARS here for the 953% APY before its next price increase.
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