Join Our Telegram channel to stay up to date on breaking news coverage
The Dogwifhat price dropped 3% in the last 24 hours to trade at $2.10 as of 11:18 p.m. EST on trading volume that soared 8% to $328 million.
Dogwifhat Price Aims For A Decisive Breakout
The WIF price analysis on the 4-hour timeframe displays a notable downtrend that occurred after the price broke below the 50-day Simple Moving Average (SMA) and subsequently crossed below the 200-day SMA.
This event, commonly referred to as a “death cross,” typically signals the beginning of a bearish phase.
After the decline, the Dogwifhat price consolidated within a well-defined support zone between approximately $1.74 and $2.1, according to GeckoTerminal data.
The subsequent consolidation, characterized by sideways movement and reduced volatility, suggests the market reached a temporary equilibrium as selling pressure subsided.
Recently, the price of Dogwifhat broke out of this range and moved above the 50-day SMA, now sitting at $2.10. However, it is still trading below the 200-day SMA, which is acting as a resistance at $2.47. The breakout from the consolidation box hints at a potential trend reversal.
Meanwhile, the Relative Strength Index (RSI) is currently at 54.62, slightly above the neutral 50 level. This suggests a mild bullish momentum but does not indicate overbought conditions, leaving room for further upward movement.
WIF Price Prediction
The Dogwifhat price trend shows early signs of a recovery, but significant resistance levels remain.
If the price of Dogwifhat successfully breaks above the 200-day SMA at $2.47, it could trigger a bullish rally, potentially targeting the next resistance level around $3.00.
On the downside, failure to maintain above the 50-day SMA ($1.97) could result in a retest of the $1.70 support zone, especially if market sentiment turns bearish.
While the chart shows promise for a potential recovery, traders should monitor the 200-day SMA breakout for confirmation of sustained bullish momentum.
As the Dogwifhat price aims for a clear breakout, investors are also buying up a new frog-themed Pepe derivative called Wall Street Pepe (WEPE). Crypto influencer ClayBro, with over 134k subscribers, says it could soar 100x after launch.
Wall Street Pepe Presale Amasses Over $42 Million In Presale
Wall Street Pepe’s success comes hard on the heels of Pepe Unchained’s blockbuster $74 million presale, and 7x returns within 48 hours of launch. WEPE looks set to follow in its footsteps and is outpacing it by funds raised at the same stage of presale. It’s already raised more than $42 million in a little more than a month.
Wall Street Pepe aims to bring the same advanced trading tools often used on Wall Street to everyday crypto traders. $WEPE token holders will have access to valuable trading signals, showing when to buy and sell to make profits from volatile tokens.
Gone fishing. Whales get rekt. 🐸⚔️ pic.twitter.com/j1pL9yLQKL
— Wall Street Pepe (@WEPEToken) January 5, 2025
Wall Street Pepe will also provide insights into tokens and meme coin picks, offering detailed research typically available only to Wall Street investors.
The $WEPE token also offers a passive income opportunity through its staking feature, which delivers a stellar 30% annual percentage yield (APY).
You can buy a $WEPE Token from the official website here for $0.00036642 using ETH, USDT, or a bank card.
Buy before a price hike in less than 16 hours to lock in the best deal.
Related News
Newest Meme Coin ICO – Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool – High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
