Flash

Dogecoin

Shiba Inu

Divergence

The Dogwifhat price plunged 4% in the last 24 hours to trade for $2.4929 as of 01:19 a.m. EST on trading volume that climbed 3%.
The WIF price dump comes as the overall meme coin sector’s market capitalization slumped by more than 5%
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Total <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> market cap is down 3.6% to $2.43T today as <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> falls below $65K 🔴
 Are you buying, selling, or HODL-ing? <a href="https://t.co/1kxPzpvZ3f" rel="noopener noreferrer nofollow">pic.twitter.com/1kxPzpvZ3f</a>
 — CoinGecko (@coingecko) <a href="https://twitter.com/coingecko/status/1816338770729611430?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 25, 2024</a>
</blockquote>
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<h2 id="dogwifhat-price-prediction">Dogwifhat Price Prediction</h2>
The Dogwifhat price is trading with a bearish bias, recording lower highs as it consolidates within a falling wedge pattern. This technical chart pattern is considered a significantly bullish reversal pattern that is confirmed when the price breaks above the upper trend line.
From the chart below, it can be seen that the falling wedge chart pattern has yet to be confirmed, as the altcoin remains below the upper boundary of the wedge. If it does, then traders should watch for the profit target of a falling wedge.
This is determined by adding the maximum distance between the upper and lower trend lines to the breakout point, which is a 126% climb north.
Looking at the Relative Strength Index (RSI), this momentum indicator is well above the mean level of 50. The Moving Average Convergence Divergence (MACD) is also still in positive territory and holds well above the signal line (orange band). This shows the bulls have the capacity to recover the market.
Traders looking to get ahead of the prospective 126% climb should probably wait for a stable candlestick close above the wedge’s upper trendline.
<a href="https://insidebitcoins.com/wp-content/uploads/2024/07/FIW.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-556898 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/07/FIW.png" alt="Dogwifhat price" width="1366" height="768" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/FIW.png 1366w, https://insidebitcoins.com/wp-content/uploads/2024/07/FIW-300x169.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/FIW-1024x576.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/FIW-768x432.png 768w" sizes="(max-width: 1366px) 100vw, 1366px"></a>
<a href="https://www.geckoterminal.com/solana/pools/EP2ib6dYdEeqD8MfE2ezHCxX3kP3K2eLKkirfPm5eyMx" target="_blank" rel="noopener noreferrer nofollow">GeckoTerminal: WIF/USD 1-day chart</a>
On the other hand, if the bears have their way, the Dogwifhat price could extend the fall towards the lower trendline of the technical formation. A break and close below the $1.5131 threshold would negate the chances of a bullish reversal.
As the WIF price falls, so the PlayDoge (PLAY) presale continues to head north, prompting influential crypto YouTuber Jacob Bury to say the new Dogecoin derivative might be the next meme coin to 10x after launch.
<iframe title="Play to Earn meets Meme Coin - is PlayDoge the NEXT 10X Potential Crypto?!" width="640" height="360" src="https://www.youtube.com/embed/aqj-8JulKng?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>
<h2 id="promising-alternative-to-dogwifhat">Promising Alternative To Dogwifhat</h2>
PLAY is the powering token for the <a href="https://insidebitcoins.com/visit/playdoge" target="_blank" rel="noopener noreferrer nofollow">PlayDoge</a> ecosystem. The project is a mobile-based P2E game that transforms the iconic Doge meme into a Tamagotchi-style virtual pet.
PlayDoge brings the legendary Tamagotchi virtual pet concept into the new digital economy of crypto. Ecosystem participants play through classic 8-bit side-scrolling adventures while embracing 90s nostalgia to earn crypto.
You enjoy monetary incentives based on how well you care for your pet.
<a href="https://insidebitcoins.com/wp-content/uploads/2024/07/PD.png" rel="noopener noreferrer nofollow"><img decoding="async" class="alignnone wp-image-556907 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/07/PD.png" alt="PlayDoge" width="418" height="559" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/PD.png 418w, https://insidebitcoins.com/wp-content/uploads/2024/07/PD-224x300.png 224w" sizes="(max-width: 418px) 100vw, 418px"></a>
The project runs on the BNB chain, delivering benefits such as lower fees and faster transactions. The BNB chain is also well known for ecosystem support, interoperability, scalability, and community adoption.
PlayDoge’s smart contract has undergone a&nbsp;<a href="https://playdoge.io/assets/doc/SmartContract_Audit_Solidproof_PlayDoge.pdf" target="_blank" rel="noopener noreferrer nofollow">full audit conducted by SolidProof</a>, ensuring prospective investors have confidence in the project’s security.
<a href="https://insidebitcoins.com/wp-content/uploads/2024/07/Pla.png" rel="noopener noreferrer nofollow"><img decoding="async" class="alignnone wp-image-556909 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/07/Pla.png" alt="PLAY" width="402" height="299" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/Pla.png 402w, https://insidebitcoins.com/wp-content/uploads/2024/07/Pla-300x223.png 300w" sizes="(max-width: 402px) 100vw, 402px"></a>
If you would like to join investors who have already pumped more than $5.8 million into the project, you can buy PLAY tokens now for $0.00522.
But with that rate set to increase in a little more than a day, don’t wait too long and face a higher price.
<a href="https://insidebitcoins.com/visit/playdoge" target="_blank" rel="noopener noreferrer nofollow">Visit and buy PlayDoge here</a>.
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/how-to-buy-playdoge" rel="noopener noreferrer nofollow">How to Buy PlayDoge – $PLAY Presale Review</a></li>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/playdoge-price-prediction" rel="noopener noreferrer nofollow">PlayDoge Price Prediction – PLAY Price Potential in 2024</a></li>
 <li><a href="https://insidebitcoins.com/news/meme-coins-flash-crash-as-pepe-dogwifhat-and-shiba-inu-plunge-amid-8-sector-selloff" rel="noopener noreferrer nofollow">Meme Coins Flash Crash As Pepe, Dogwifhat, And Shiba Inu Plunge Amid 8% Sector Slump</a></li>
 <li><a href="https://www.linkedin.com/pulse/best-altcoins-invest-unveiling-top-picks-maximum-returns-calsona-9ceye" rel="noopener noreferrer nofollow">Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!</a></li>
</ul>

Dogwifhat Price Prediction: WIF Plunges 4% As Analysts Say This P2E DOGE Rival Might Be The Best Meme Coin To Buy Now

Зміст

Inside Bitcoins

Інші статті, опубліковані 25 лип. 2024 р.

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