{"id":470830,"date":"2024-01-08T17:28:48","date_gmt":"2024-01-08T17:28:48","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=470830"},"modified":"2024-01-08T17:28:48","modified_gmt":"2024-01-08T17:28:48","slug":"dogwifhat-price-forecast-wif-plummets-another-20-but-this-potential-pepe-coin-successor-has-pumped-114-in-a-week","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogwifhat-price-forecast-wif-plummets-another-20-but-this-potential-pepe-coin-successor-has-pumped-114-in-a-week","title":{"rendered":"Dogwifhat Price Forecast: WIF Plummets Another 20%, But This Potential Pepe Coin Successor Has Pumped 114% In A Week"},"content":{"rendered":"

The Dogwifhat price <\/span>dropped<\/span><\/a> more than 20% in the past 24 hours to trade at $0.07896 as of 8:10 AM EST as investors continue to offload their holdings in the cryptocurrency.<\/span><\/p>\n

The Dogwifhat Price Attempts To Reclaim Support<\/span><\/h2>\n

\"TradingView<\/p>\n

4-hour chart for WIF\/USDT (Source: <\/span>TradingView<\/span><\/a>)<\/span><\/p>\n

The <\/span>Dogwifhat<\/span><\/a> price dropped to a low of $0.0655 earlier in today’s trading session, but was able to recover slightly. Investors identified this drop in price as a buy opportunity, as WIF is attempting to reclaim the support of the $0.08 mark. A 4-hour candle close above this level within the next 8 hours could lead to a bullish move towards $0.1015.<\/span><\/p>\n

If bulls decide to continue to boost the Dogwifhat price in the next few days, the altcoin may be able to climb to as high as $0.1445. However, this bullish thesis could be invalidated if WIF is unable to close a 4-hour candle above $0.08 within the next 12 hours.<\/span><\/p>\n

In this alternative scenario, the <\/span>Dogwifhat<\/span><\/a> price stands the risk of retesting the aforementioned low at $0.0655. Bears may continue to exert sell pressure on the <\/span>cryptocurrency<\/span><\/a>, which will most likely force it below this key price point.<\/span><\/p>\n

The Dogwifhat Price May Receive A Boost Soon<\/span><\/h3>\n

Technical indicators suggest that a bullish trend reversal may soon take place. The Moving Average Convergence Divergence (MACD) is flagging slightly bullish. With the MACD line closing in on the MACD Signal line, WIF’s negative trend may be approaching its end. This could be confirmed if the MACD breaks above the MACD Signal line.<\/span><\/p>\n

In addition to this, buyers have gained some strength and are continuing to build up their power against sellers. The RSI indicator on the 4-hour chart suggests this, as the RSI is closing in on its Simple Moving Average (SMA) line. Similar to the MACD, a cross between the RSI and SMA will be a significant bullish technical flag. This will signal that strength has shifted in favor of bulls, which may be identified as a long entry.<\/span><\/p>\n

While the Dogwifhat price continues to fall, <\/span>Sponge V2<\/span><\/a> is set to skyrocket after its predecessor, Sponge V1, managed to print a weekly <\/span>gain<\/span><\/a> of more than 114%.<\/span><\/p>\n

A Meme Coin Set To Explode Soon<\/span><\/h2>\n