Convergence

dogwifhat

Divergence

The post <a href="https://coinpedia.org/price-analysis/dogwifhat-wif-becomes-the-3rd-largest-memecoin-whats-next/">dogwifhat (WIF) Becomes The 3rd Largest Memecoin! What’s Next?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Despite the top crypto tokens displaying a weak price action since the month started, the <a href="https://coinpedia.org/price-analysis/memecoin-bloodbath-continues-dogecoin-to-retest-its-low-of-0-15/">memecoin</a> category has recorded a massive bounce back, with top tokens from the category adding significant valuation in their respective portfolio. 
Furthermore, the <a href="https://coinpedia.org/price-analysis/dogwifhatwif-price-smahes-a-new-ath-can-it-surge-above-5-before-the-q1-close/">dogwifhat (WIF) price</a> has recorded a jump of over 6% within the past 24 hours and 28.08% over the past seven days, highlighting a bullish outlook for the memecoin in the coming time. The Year-to-Date (YTD) for the WIF token stands at over 2,600%. 
<h2 class="wp-block-heading" id="h-dogwifhat-price-displays-a-bullish-convergence">dogwifhat Price Displays A Bullish Convergence!</h2> 
The <a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/">WIF price</a> has displayed a significant uptrend during March by adding approximately 200% during this time. Furthermore, the memecoin concluded the month with a strong bullish sentiment by recording a new all-time high of $4.85 on the last day. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/YuFFDHvF4QRGuKgtP2uas3kTRQM07lseCuS2QiSMOPBqdR38m0oUIbOY0vuIxaT6GRVlzWLiO6qKcSpgaOOXQyjBTnIsVJ8lFWFVZIoeFF0U7lB-IOAPwzL0EPZp5oT7Vp_QphC3NZ-zXHG3o5MgHJ8" alt="WIF Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: WIF/USDT
 </figcaption>
</figure> 
However, April has started on a bearish note as the crypto market has recorded a significant bearish trend reversal, and the industry experienced a correction of approximately 6.5% within a day, with the price of Bitcoin plunging below the $66,000 mark. 
Following this, the memecoin category regained momentum during the early trading hours today, with the WIF memecoin successfully recording a bullish convergence in its technical indicator of Simple Moving Average (SMA) in the 4H timeframe. This indicates a high possibility of a bullish price action in the coming time. 
The Moving Average Convergence Divergence (MACD) displays a constant decline in the red histogram, indicating weak buying and selling pressure in the crypto industry. Moreover, the averages show a neutral trend, suggesting uncertainty in the future price action for the altcoin this week. 
Also Read : <a href="https://coinpedia.org/price-analysis/lady-price-clings-at-reversal-zone-eyes-170-hike/">LADY Price Clings At Reversal Zone, Eyes 170% Hike</a> 
<h2 class="wp-block-heading" id="h-will-wif-price-hit-a-new-high-soon">Will WIF Price Hit A New High Soon?</h2> 
If the market holds the price above the support level of $4.0775, the bulls will regain momentum and test its resistance level of $4.7850. Maintaining the price at that level will set the stage for the dogwifhat token to attempt to test its upper resistance level of $5.50 this month. 
Conversely, if the bulls fail to regain momentum, the WIF price will start trading under a bearish influence and fall to test its support level of $3.420. Furthermore, if the bears continue to dominate the market, it will plunge and prepare to test its low of $3 in the coming time. 
Did You Know : <a href="https://coinpedia.org/price-analysis/doge-price-fall-teases-a-pivotal-entry-for-massive-surge/">DOGE Price Fall Teases A Pivotal Entry For Massive Surge</a>

dogwifhat (WIF) Becomes The 3rd Largest Memecoin! What’s Next?

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