Dogwifhat Price Prediction: WIF Pumps 9% As Solana Meme Coins Surge 12% And This P2E Dogecoin 2.0 Closes On $6M
Release: 2024/08/08 16:37 Reading: 581
Dogwifhat Price Surges, Solana Meme Coins Gather Momentum
The Dogwifhat (WIF) price experienced a notable 9% surge in the past 24 hours, reaching $1.71 as of 11:50 p.m. EST. This surge is attributed to increased investor interest in the meme coin.
Accompanying WIF's price uptick, the collective market cap of Solana meme coins witnessed a 12% increase. HahaYes (RIZO) and Baby (BABY) emerged as the top performers, posting gains of 92% and 62%, respectively.
Temporary Consolidation in Dogwifhat Price
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Over the past 24 hours, the Dogwifhat price oscillated between $1.5181 and $1.8526, indicating a period of temporary sideways trading. This consolidation could signal an accumulation phase before a potential price increase.
If WIF breaks above $1.8526, it may attempt to establish support at this level. Continued buying pressure could lead to a surge towards $2.4035.
Alternatively, if traders opt to sell the altcoin, the bullish scenario could be negated. In this case, WIF may test the $1.5181 support level. Falling below this level could increase the risk of a drop to the $1.0852 support within the next 24 hours.
Bullish Indicators Despite Momentum Shift
Technical indicators on WIF's 4-hour chart suggest potential further price appreciation. However, there are signs of a cooling in the meme coin's bullish momentum.
Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators display bullish signals. The MACD line crossed above the MACD Signal line on August 5th, indicating a positive trend.
However, the gap between the two lines has narrowed, which may be an early indication of the bullish phase ending.
RSI readings have been rising over the past 48 hours, suggesting that buyers are gaining strength against sellers. The RSI remains above 50, further indicating bullish sentiment.
PlayDoge (PLAY) Attracts Investor Interest
While the Dogwifhat price consolidates, investors are showing interest in the PlayDoge (PLAY) ICO. Analysts believe PLAY has the potential for significant gains post-launch.
PlayDoge is a meme coin with a nostalgic twist, incorporating elements of the popular 90s game Tamagotchi. The project allows players to earn crypto rewards by caring for virtual pets.
PlayDoge Presale Success
PlayDoge's presale has been a popular choice among crypto investors, approaching the $6 million fundraising milestone. The token offers a high annual yield of 78% for staking.
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Investors can acquire PLAY via the buy widget on the project's website to become eligible for rewards. After purchasing, the tokens can be locked up for staking.
It is important to note that PLAY's price is expected to increase in the next few days.
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