Dogwifhat has seen sporadic surges due to its meme-coin status, driven by market enthusiasm and social trends
Dogwifhat remains an interesting option for high-risk investors seeking exposure to meme coins, with its potential influenced heavily by market speculation and community-driven support.
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DogWifHat Crypto Price Analysis
- Current Price: Approximately $2.10
- Market Cap: Around $840 million
- 24-Hour Trading Volume: Close to $32 million
- Circulating Supply: 400 million WIF
- Total Supply: 1 billion WIF
Breakout from Channel Down pattern signaled a bullish trend reversal and price reached our target of $3.00 for 50% gain. Now we look for the right entry opportunity in Uptrend.
Pullback near $2.00 support could be another swing trade entry in Uptrend with +50% upside potential back to $3.00. Stop Loss at $1.85.
Weekly Price Movement
In the past week, Dogwifhat experienced a volatile trading range.
Trend: Short-term trend is Neutral, Medium-term trend is Neutral, Long-term trend is Strong Up.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently.
Support and Resistance: Nearest Support Zone is $2.00, then $1.50. Nearest Resistance Zone is $3.00, then $3.75.
Technical Indicators
- 50 EMA: Sell signal, indicating bearish sentiment
- 100 EMA: Sell signal, suggesting downward momentum
- 200 EMA: Buy signal, hinting at potential long-term growth support
- MACD: Showing reduced selling pressure, which could support a short-term rebound if bullish momentum increases
News Roundup
- WIF on Gemini Credit Card: Dogwifhat has been added as a reward option on the Gemini Credit Card.
- Potential Price Prediction: If bullish momentum returns, WIF might aim for a monthly high around $2.78.
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