Dogwifhat Price Prediction: WIF Tops Weekly Gainers With 38% Pump, While This Solana Layer-2 ICO Charges Toward $37M

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Dogwifhat Price
Dogwifhat Price

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The Dogwifhat price surged 38% in the past week to trade at $1.01 as of 4.45 a.m. EST.

Dogwifhat Price Prediction

The Dogwifhat price has seen some stronger fluctuations in the last 24 hours which resulted in its Bollinger bands growing further apart, but they started to narrow again over he last several hours, as the price stabilized above the support at $1.

The price continued to move up and down, but the fluctuations have since gotten considerably smaller. Since then, the WIF price has started to recover, which has already started pushing the upper band further up. This is likely to attract more traders, as the bands’ widening is typically seen as a bullish signal.

Dogwifhat Price Prediction

The project’s Relative Strength Index (RSI) spent most of yesterday fluctuating between the oversold zone and the neutral value of 50, eventually breaching it and heading up to 61 before it returned to 30 once again.

However, with the start of the new day, the RSI started seeing a sharp recovery, which first brought it to 55.80, with fluctuations growing stronger over time. Now, it is rushing toward the overbought zone, which starts at 70, which suggests that traders have moved in to buy the dip over the last 10 hours.

This is what affected the WIF price and caused it to recover, but with the RSI now nearing the overbought zone, chances are that the price will be rejected again. In other words, WIF could see another rejection and return to $1 within a few hours.

Promising Alternative To Dogwifhat

While WIF leads weekly gainers, the Solaxy (SOLX) presale is emerging as one of the standout presales of the year after raising more than $36.52 million.

Solaxy is a project based in Solana’s ecosystem and its first Layer-2 project. It was also designed to be the most advanced scalability solution, which is exactly what Solana needs right now.

The SOL network has suffered from congestion issues which sometimes led to transaction failures during particularly busy periods.

While it was designed to be faster and cheaper than Ethereum, even Solana reached its limit as its ecosystem started seeing increased activity caused by the rapidly developing meme coin sector.

This, in combination with DeFi protocols, dApps, NFTs, as well as regular trading and investing traffic, overwhelmed Solana. This is where Solaxy comes in, as its L2 technology can offer infinite scalability and help Solana unlock its full potential.

ClayBro, a crypto YouTuber with over 136k subscribers, says SOLX has 10x potential after it launches.

The SOLX token is selling for only $0.001726. Interested investors should buy before a price hike in less than 23 hours.

Learn more about SOLX.

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