{"id":565231,"date":"2024-08-16T04:27:35","date_gmt":"2024-08-16T04:27:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=565231"},"modified":"2024-08-16T04:26:59","modified_gmt":"2024-08-16T04:26:59","slug":"dogwifhat-price-prediction-wif-plummets-20-in-a-week-as-experts-say-consider-this-p2e-doge-for-10x-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogwifhat-price-prediction-wif-plummets-20-in-a-week-as-experts-say-consider-this-p2e-doge-for-10x-gains","title":{"rendered":"Dogwifhat Price Prediction: WIF Plummets 20% In A Week As Experts Say Consider This P2E DOGE For 10X Gains"},"content":{"rendered":"
The Dogwifhat price is down more than 20% on the weekly time frame following a 6% <\/span>plunge<\/span><\/a> in the last 24 hours to trade at $1.47 as of 11:42 p.m. EST as traders keep unloading their holdings in the meme coin on the market.<\/span><\/p>\n The WIF price was able to establish an intraday high of $1.60 in the last 24 hours. It has, however, since pulled back to trade closer to its low for the same period, which stands at $1.44.<\/span><\/p>\n <\/p>\n 4-hour chart for WIF\/USD (Source: <\/span>GeckoTerminal<\/span><\/a>)<\/span><\/p>\n The <\/span>Dogwifhat<\/span><\/a> price is resting on the key support level at $1.3504. Should it drop below this major price point in the next 24 hours, the meme coin could be exposed to the risk of plunging to the subsequent mark at $1.0357.<\/span><\/p>\n WIF maintaining a position above $1.3504 for the next 24 hours might, however, invalidate the bearish thesis. In this alternative scenario, the crypto could have the technical foundation needed to rise to the immediate resistance level at $2.1295. Overcoming this threshold could then set the Dogwifhat price up to potentially rise to as high as $2.8487 in the short term.<\/span><\/p>\n From a technical perspective, indicators on WIF’s 4-hour chart warn that the crypto might continue to drop through the course of the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show that bears currently have the upper hand against bulls.<\/span><\/p>\n RSI readings have dropped over the last 24 hours. Currently, the indicator is close to oversold territory at 32. This suggests that <\/span>WIF<\/span><\/a> is under immense bearish pressure.<\/span><\/p>\n Meanwhile, the MACD line is positioned below the MACD Signal line. Traders generally see this as an indication that a crypto is in a negative cycle. With the gap between the two lines gradually starting to grow, it seems WIF’s bearish momentum is picking up steam as well.<\/span><\/p>\nThe Dogwifhat Price Approaching Key Support<\/span><\/h2>\n
Technical Indicators Warn The Dogwifhat Price Price Might Keep Falling<\/span><\/h2>\n