{"id":514556,"date":"2024-04-30T16:26:03","date_gmt":"2024-04-30T16:26:03","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=514556"},"modified":"2024-04-30T16:26:03","modified_gmt":"2024-04-30T16:26:03","slug":"dogwifhat-price-prediction-wif-plunges-7-as-this-ai-meme-coin-hybrid-rockets-towards-1-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogwifhat-price-prediction-wif-plunges-7-as-this-ai-meme-coin-hybrid-rockets-towards-1-million","title":{"rendered":"Dogwifhat Price Prediction: WIF Plunges 7% As This AI Meme Coin Hybrid Rockets Towards $1 Million"},"content":{"rendered":"

The Dogwifhat price has plunged 7% in the last 24 hours <\/span>to trade at $2.52<\/span><\/a> as of 7:30 a.m. EST on a 21.7% surge in trading volume to $363 million.<\/span><\/p>\n

Dogwifhat Price Signals A Double Bottom Pattern Formation<\/span><\/h2>\n

Dogwifhat’s price is signalling a bullish trend reversal as the bears continue pushing the price towards the support zone at $2.31, forming a double-bottom pattern that suggests a shift towards a bullish trend.<\/span><\/p>\n

\"Dogwifhat<\/p>\n

WIFUSDT Analysis. Source: Tradingview.com<\/span><\/p>\n

Despite the bulls’ efforts to drive the price up multiple times, the recent downward trend has been robust. Bears continued to push the price down, gaining control after the price hit resistance at the $4.84 high. However, the bulls have managed to maintain stability and a solid support zone, halting the bears’ profit-taking at the $2.32 support level.<\/span><\/p>\n

The price trades just above the 50 and 200 Simple Moving Averages (SMAs). However, with an anticipated rebound, momentum might build to help the bulls drive the price above the 200 SMA, initiating a bull rally.<\/span><\/p>\n

Although trending downwards, the relative strength index (RSI) also signals a rebound on the 30 oversold level, which might push it to the midline level of 50. If this momentum continues, the RSI could enter the overbought territory, indicating that buyers exert significant pressure.<\/span><\/p>\n

Dogwifhat Price Bulls Gear Up For A Bullish Trend Reversal <\/span><\/h2>\n

The traders are gearing up for a double-bottom pattern, which indicates a bullish trend reversal for the WIF price. If the pattern takes form, it will empower the bulls to initiate a rally to reclaim the $3.57 high.<\/span><\/p>\n

Conversely, if the support zone starts to falter, the bears could continue the downtrend, causing the price to drop to the $1.95 support level.<\/span><\/p>\n

Meanwhile, the <\/span>WienerAI (WAI)<\/span> token is gaining traction in the crypto market after rapidly raising $661k.<\/span><\/p>\n

The Best Alternative To Dogwifhat<\/span><\/h2>\n

WienerAI<\/span><\/a>  is a <\/span>unique new ICO project that is part meme coin, part artificial intelligence (AI), and part sausage.<\/span><\/p>\n

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Tail-Wagging Success<\/p>\n

Wiener AI Raises Over $500,000 in Funding! 🌭🚀 pic.twitter.com\/7aB1wXg5PZ<\/a><\/p>\n

— WienerAI (@WienerDogAI) April 29, 2024<\/a><\/p><\/blockquote>\n