Dogwifhat Price Prediction: WIF Plunges 12% As Investors Rush To Buy This P2E DOGE Before It’s Too Late

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The Dogwifhat value plunged greater than 12% within the final 24 hours to commerce at $1.57 as of 11:42 p.m. EST as traders offload their holdings within the dog-themed meme coin available on the market.

This drop within the WIF value coincides with a 6% lower within the total meme coin market cap all through the previous buying and selling day.

The Dogwifhat Value May Lose One other Key Assist

4-hour chart for WIF/USD (Supply: GeckoTerminal)

The Dogwifhat value dropped beneath the important thing assist stage at $1.6579 in the previous few hours and is now testing the following main mark at $1.4799. Ought to it drop beneath this second level, the meme coin might be liable to plunging to as little as $1.3304 within the brief time period.

Nevertheless, WIF reclaiming a place above the $1.6579 mark or rebounding from the $1.4799 assist within the subsequent 24 hours may invalidate the bearish thesis. Merchants will possible establish the Dogwifhat value’s present ranges as a purchase alternative on this various situation. This potential purchase stress might then result in the crypto climbing to the $1.8216 resistance stage.

Bears Preserve A Sturdy Grip On The Dogwifhat Value

From a technical perspective, bears appear to have a transparent higher hand in opposition to bulls on the 4-hour chart. Each the Relative Power Index (RSI) and the Transferring Common Convergence Divergence (MACD) indicators present that consumers have plenty of work to do in the event that they want to regain management of the Dogwifhat value.

Within the final couple of days, the MACD line crossed beneath the MACD Sign line to point that WIF has entered a short-term damaging development. After these two technical indicators intersected, the meme coin misplaced the assist of the $1.6579 mark, validating the bearish sign. With the hole between the 2 strains nonetheless rising, the bearish momentum appears to be intensifying.

In the meantime, RSI readings have plummeted from 47 to 29. Merchants normally see declining RSI values as an indication of diminishing purchaser energy.

With the RSI now exhibiting that the meme coin is oversold, some merchants might begin to purchase into WIF since its upside potential is bigger than its draw back potential. Nevertheless, merchants will wish to anticipate a affirmation of a bullish development reversal earlier than going lengthy on the meme coin, as a result of the RSI tends to stay low when a crypto is being dumped.

Whereas merchants wait to see if WIF can overcome the present promote stress, traders are FOMO shopping for the brand new Doge-themed meme coin PlayDoge (PLAY) earlier than its decentralized change launch.

90s Gaming Meets twenty first Century Expertise

PlayDoge (PLAY) goals to make a reputation for itself within the burgeoning meme coin area. With the big variety of meme cash coming into the crypto market every day, PLAY might want to do one thing particular to face out from the remainder. This is the reason the mission is reviving a 90s gaming sensation.

PlayDoge might be introducing a blockchain-based model of the viral Tamagotchi sport. Again within the day, these digital pets have been a large hit with tens of tens of millions of items bought worldwide. The meme coin now seeks to reignite and seize the hype across the sport, which might result in the mission’s native PLAY token surging.

Initially, gameplay was pretty restricted. The digital pets would inevitably die, forcing gamers to reboot their programs and begin over again. PlayDoge, by way of its implementation of blockchain and crypto expertise, will introduce extra partaking gameplay that additionally rewards gamers in crypto for taking care of their digital companions.

In style YouTuber ClayBro is bullish on PlayDoge, and informed his 130,000 subscribers that the meme coin might soar 10X after its launch.

Time Is Working Out For Traders To Get In On PLAY Early

PlayDoge (PLAY) is about to enter the open market with its upcoming decentralized change launch in lower than 48 hours. As such, time is working out for traders to amass the token throughout its presale stage earlier than it hits the open market. Traders may also miss out on the 71% APY on supply to anybody who purchases and stakes PLAY earlier than the ICO ends.

END OF THE PRESALE! 🚨

PlayDoge Declare and DEX Listings are launching on Thursday twenty ninth at 10am UTC! 🚀

Import the token handle into your pockets now for clean claiming.

That is the final probability to purchase at listing value. ⏳👇 https://t.co/uspqJZur98 pic.twitter.com/0CaCUQ7fzL

— PlayDoge (@PlayDogeGame) August 26, 2024

It’s not too late, traders who wish to acquire entry to the excessive APY can achieve this by buying the token through the straightforward purchase widget embedded on the mission’s web site. As soon as bought, the tokens will must be locked up by way of the staking web page.

Promoting for $0.00532, PLAY might be purchased utilizing both ETH, USDT, BNB or financial institution card.

Buy and stake PLAY right here for the 71% APY earlier than its DEX launch.