{"id":560441,"date":"2024-08-04T14:19:51","date_gmt":"2024-08-04T14:19:51","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=560441"},"modified":"2024-08-04T14:19:51","modified_gmt":"2024-08-04T14:19:51","slug":"dogwifhat-price-prediction-wif-is-biggest-weekly-loser-with-37-plunge-as-traders-rush-to-buy-this-ai-meme-coin-with-just-hours-left","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogwifhat-price-prediction-wif-is-biggest-weekly-loser-with-37-plunge-as-traders-rush-to-buy-this-ai-meme-coin-with-just-hours-left","title":{"rendered":"Dogwifhat Price Prediction: WIF Is Biggest Weekly Loser With 37% Plunge As Traders Rush To Buy This AI Meme Coin With Just Hours Left"},"content":{"rendered":"

The Dogwifhat price plunged by 37% over the last week and more than 3% in the past day to trade at <\/span>$1.61<\/span><\/a> as of 6:45 p.m. EST, according to CoinGecko <\/span><\/p>\n

The plunge made WIF the top loser among the biggest cryptos by market cap over the past week, according to Crypto Bubbles. <\/span><\/p>\n

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Image Sourced from:<\/span> Crypto Bubbles<\/span><\/a><\/p>\n

Dogwifhat Price Prediction: Will WIF Recover?<\/span><\/h2>\n

Looking at an in-depth analysis of Dogwifhat on price charts, we see that the chart highlights a rectangle pattern formed between approximately $2.8 and $1.4. This indicates a period of consolidation where the price fluctuated within these levels without a clear direction. <\/span><\/p>\n

The Dogwifhat price recently broke down from the rectangle pattern and is currently trading near the lower boundary around $1.6, which could indicate a bearish breakout.<\/span><\/p>\n

A clear descending trendline is visible, suggesting a strong bearish trend. The price has been making lower highs and lower lows, maintaining the downward momentum. <\/span><\/p>\n

The immediate support is around $1.4, as indicated by the lower boundary of the rectangle. The resistance is around $1.6-$1.8, where the price might face selling pressure if it attempts to retrace.<\/span><\/p>\n

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4-hour WIF\/USDT Chart | Source: TradingView<\/a><\/span><\/p>\n

On the other hand, we see that the Woodies CCI (Commodity Channel Index) CCI is currently showing a value of -66.487, indicating that the market is in a bearish territory.  <\/span><\/p>\n

The current CCI value suggests the price might be oversold again, possibly indicating a reversal or a short-term bounce. The ADX value is at 56.50, which suggests a very strong trend. Since the trend is currently downwards, this indicates a strong bearish trend. <\/span><\/p>\n

A Promising Alternative With A Powerful AI Trading Bot<\/span><\/h2>\n

While the Dogwifhat price plunges, investors are still rushing to buy <\/span>WienerAI (WAI)<\/span><\/a>, a presale that has gathered over $9 million and that now is providing a final opportunity to buy before it goes public tomorrow, Monday August 5.<\/span><\/p>\n

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We raised $9M!<\/p>\n

Thank you for your incredible support. WienerAI is now more powerful than ever! pic.twitter.com\/4LKZnQCR6B<\/a><\/p>\n

— WienerAI (@WienerDogAI) August 1, 2024<\/a><\/p><\/blockquote>\n