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The Dogwifhat price has fallen by 15% in the last 24 hours to trade at $3.49 as of 12:18 a.m. EST on trading volume down 11% to $596 million.
WIF has shown impressive growth since its launch in December 2023 and recently overtook Pepe (PEPE) to become the third largest meme coin by market capitalization.
Dogwifhat price set for a trend reversal against the bullish pennant
Dogwifhat price went on a bull run in March, reaching an all-time high of $4.60 before experiencing a period of price correction in early April.
The minor pullback saw the WIF drop to the $3.19 support level, which acted as the immediate support level, allowing the bulls to push the price towards the upper limit of the bullish pennant.
Although the price has returned to its current price of $3.49, WIF remains up 68% over the past 30 days.
Furthermore, Dogwifhat is trading above the 200-day Simple Moving Average (SMA), indicating that WIF is poised for further upward movement. If the bulls maintain bullish momentum, the price could eventually cross the 50-day SMA threshold above $3.70.
The Relative Strength Index (RSI) on the 4-hour chart indicates that investors are selling, which coincides with the current downtrend, while the RSI is moving down towards the oversold level, currently at 40.
Dogwifhat Price Prediction
The Dogwifhat price analysis on the 4-hour chart indicates that WIF is currently in a downtrend, but with signs of an upcoming trend reversal as the price is still trading within the boundaries of the bullish pennant.
The golden cross at $0.3 further supports the bullish potential of the price. Furthermore, the RSI crossing into oversold territory could indicate an upcoming trend reversal for an uptrend. The WIF bulls are looking to take advantage of these factors, which could push the price higher as they target $5.5.
However, if the bears continue to apply more pressure, the price could fall via a retracement, allowing the bulls to pull back to $3.04, which coincides with the 200-day SMA.
Meanwhile, investors are also buying $DOGEVERSE as they look to capitalize on the buzz surrounding International Dog’s Day on April 20. The red-hot meme coin is about to reach $1 million in revenue after just two days on the market and has already completed the first phase of pre-sales.
Dogeverse is on the verge of reaching over $1 million in less than two days
Dogeverse (DOGEVERSE) is a new crypto project that aims to capitalize on the upcoming Doge’s Day on April 20, as the hype surrounding all things DOGE reaches a fever pitch.
Dogeverse differs from other meme coins in that it is built on a multichain network consisting of Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.
🌟 #Cosmo is the face of the first #Memecoin about six big ones #Blockchains! 🐶
Launch on #ETH, #BNB, #Polygon, #Sol, #Avalanche And #Basing$DOGEVERSE provides easy access to multiple chains with minimal gas costs. 🚀
Cosmo rises #Doge culture to a whole new multichain level! 🔗 pic.twitter.com/YjXvNhcOsl
— DogeVerse (@The_DogeVerse) April 9, 2024
The face of the project is the dog Cosmo the Doge, the chain-jumping Doge born from a collapsing supernova. This allows the dog to hyper-jump among the stars of the crypto universe and push for multichain utility.
Buy $DOGEVERSE and bet for 1,493% annual rewards
You can earn passive income through the platform’s staking option, where you bet $DOGEVERSE for an impressive annualized yield (APY) of 1,493%.
With Dogeverse selling extremely fast, ClayBro, a crypto analyst and YouTuber with over 125,000 subscribers, says he has already bought tokens, adding that “it will sell out so quickly.”
You can participate in the presale by purchasing $DOGEVERSE at a discounted price of $0.000291 per token. Buy quickly if you’re interested, because another price hike is coming in less than four days and will likely hit the second phase ceiling before that.
To take part, you can purchase $DOGEVERSE on the official website here with ETH, USDT or a bank card.
Related news
Dogeverse – Multichain Meme Coin
- Early access presale now live
- Bridge to Solana, base, BNB chain, polygon, avalanche
- Staking Rewards – thedogeverse.com
- Trade at low costs
- The world’s first chain traveling Doge – Cosmo
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