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The Dogwifhat price has jumped 24% in the last 24 hours to trade at $3.4 as of 8:00 p.m. EST.
The pump followed news that Tesla had updated its payments methods to officially include Dogecoin (DOGE), giving the meme coin sector a boost across the board.
The Tesla payments page was updated with details of how DOGE can be used to make payments. A Dogecoin wallet will will be needed to buy using DOGE in the Tesla shop.
Meme Coin Market Cap Up Over 10% !!! With #Dogecoin Leading the pack!! pic.twitter.com/ew70wyScAt
— Crypto Daily Trade Signals (@cryptodailyTS) May 4, 2024
Dogwifhat Price Prediction: How Is WIF Doing Today?
Analyzing Dogwifhat price charts, the meme coin appears to be on an uptrend within a defined channel, as indicated by the green highlighted area. The boundaries of this channel have been supporting and capping the price movements, respectively.
The nearing Dogwifhat price to the resistance level, high MFI values (overbought condition), and the MACD turning bearish may lead to price corrections or a pullback toward the support area. However, a cross-over below the zone could conversely see the continuation of the uptrend.
Looking at other indicators, the Awesome Oscillator (AO) shows a green-to-red transition, suggesting a potential weakening in bullish momentum or the beginning of a bearish phase.
On the other hand, the Money Flow Index (MFI) holds a value of 86.03, which is in overbought territory. This might indicate that the Dogwifhat price could face a downward correction, as typically, prices could pull back when the MFI is this high.
4-hour WIF/USDT Chart | Source: TradingView
As the Dogwifhat price faces the risk of a correction, Sealana has emerged as one of the hottest new meme coins on Solana after raising more than $219,000 in just four days since its presale launched.
A Promising Alternative
The cheeky seal Sealana is coming out of his mom’s basement like a real hero. He loves burgers, dreams of Lamborghinis, and, of course, making a lot of money in crypto. Because he is so brave, he is going against what people think he can do and reaching for the stars.
Sealana is a spin on the well-known South Park character Gamer Guy, also known as Fat Computer Nerd from the World of Warcraft episode.
Crypto analyst and YouTuber Crypto ZEUS, with more than 75k subscribers, says that there’s a trend in the meme coin sector towards ”goofy meme coins” like Sealana.
As a ”send SOL” presale, SEAL has no timer, stages, hard cap, or even a white paper. That means there’s a risk its ICO could end at any time, and that it’s best to buy early.
Visit the official website to buy SEAL tokens here. One SOL buys 6,900 SEAL.
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