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The Dogwifhat price plummeted 10% in the last 24 hours <a href="https://coinmarketcap.com/currencies/dogwifhat/" rel="noopener noreferrer nofollow">to trade at $2.93</a> as of 11:44 p.m. EST on trading volume that plunged 16% to $575 million.
This comes as the market capitalization of the meme coin sector slumped 3% to $51.3 billion as meme coin titans like <a href="https://insidebitcoins.com/news/dogecoin-price-jumps-15-as-whales-move-doge-to-robinhood-amid-sec-wells-notice-dogeverse-ico-goes-ballistic" rel="noopener noreferrer nofollow">DOGE</a>, SHIB, and PEPE dropped 4%, 3%, and 3%, respectively.
<h2 id="span-style-font-weight-400-dogwifhat-price-set-to-soar-over-the-ascending-triangle-span">Dogwifhat Price Set To Soar Over The Ascending Triangle</h2>
<figure id="attachment_518153" aria-describedby="caption-attachment-518153" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-518153" src="https://insidebitcoins.com/wp-content/uploads/2024/05/WIFUSDT_2024-05-08_07-44-26.png" alt="Dogwifhat Price Chart Analysis Source: Tradingview.com" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/WIFUSDT_2024-05-08_07-44-26.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/05/WIFUSDT_2024-05-08_07-44-26-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/05/WIFUSDT_2024-05-08_07-44-26-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/05/WIFUSDT_2024-05-08_07-44-26-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-518153" class="wp-caption-text">
 WIFUSD Chart Analysis Source: Tradingview.com
 </figcaption>
</figure>
The Dogwifhat price experienced a dramatic 1,777% surge in March to hit an all-time high of $4.83. However, WIF bulls have not been able to reclaim this high, with the Dogwifhat price down 39% from its ATH.
The price movements within the $2.5 and $3.8 ranges resemble an ascending triangle pattern. The bulls aim to propel the price over the upper boundary of the triangle.
WIF is trading slightly above the 50-day Simple Moving Average on the 1-day chart. This coincides with the current price retracement. If the bullish stance continues to push WIF over the upper boundary, the price will eventually overcome the 50-day SMA at $3.11, further supporting the general bullish outlook.
The Relative Strength Index (RSI) hovers near the 50-midline level, currently at 49, signaling WIF’s equilibrium and potential for a breakout.
<h2 id="span-style-font-weight-400-dogwifhat-price-prediction-span">Dogwifhat Price Prediction</h2>
The Dogwifhat price analysis on the 1-day chart indicates the likelihood of the price to soar over the upper boundary of the triangle as it gears up for a massive breakout to the upside.
The WIF bulls aim to capitalize on the RSI to prompt a buyback campaign to propel the price above, as they target a new ATH at $6.
Despite the RSI indicating equilibrium, there’s a possibility of bearish pressure driving a price retrace. This will potentially drive the price to find support near $2.2 for the bulls.
As the WIF bulls gear up for a bullish rally to the upside, investors might also consider buying Sealana, which has raised more than $278K in the first week of its presale.
<h2 id="span-style-font-weight-400-sealana-a-promising-alternative-to-wif-span">Sealana: A Promising Alternative To WIF</h2>
<a href="https://insidebitcoins.com/visit/sealana" rel="noopener noreferrer nofollow">Sealana (SEAL)</a> is inspired by a seal meme that dreams of following in the footsteps of Solana meme coin stars like Bonk, Slerf, and WIF.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 New Meme Crypto ‘Sealana’ Attracts Whales As Solana Price Recovers. <a href="https://twitter.com/hashtag/SolanaMemecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SolanaMemecoin</a> <a href="https://t.co/zqP73U7Mk3" rel="noopener noreferrer nofollow">pic.twitter.com/zqP73U7Mk3</a>
 — TechStory (@TechStoryin) <a href="https://twitter.com/TechStoryin/status/1787084318080180592?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 5, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The project’s mascot is based on a charming, chubby seal, who has dived into the Solana sea. Once sleek and agile, the character has now adopted a sedentary trader’s lifestyle.
TodayTrader, a crypto analyst on YouTube, believes that Sealana has the potential to surge 10X after launch.
<iframe title="🔥 Is Sealana The Next Bonk, Slerf, Pepe or Doge - Simple 10X (Humungous Potential)" width="640" height="360" src="https://www.youtube.com/embed/eQ24eUXVkSg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
Sealana is a ‘Send SOL’ presale that has no timers, stages, hard caps, or even a white paper. This means that the ICO could end at any time, which makes now the wise time to buy.
To participate in the presale, <a href="https://insidebitcoins.com/visit/sealana" rel="noopener noreferrer nofollow">you can visit the official website to buy SEAL tokens here</a>. One SOL can purchase 6,900 SEAL, which will be airdropped to investors at the end of the presale.&nbsp;
<h2 id="span-style-font-weight-400-related-news-span">Related News</h2>
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The Dogwifhat Price Plummets 10% As Analysts Say This Solana Meme Coin Might be The Next Bonk Or Slerf

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