DogWifHat Price Prediction as WIF Plummets 22% in a Week – What's Going On?
DogWifHat Tag Prediction as WIF Plummets 22% in a Week – What’s Going On?
This week, DogWifHat (WIF) has witnessed a indispensable 22% tumble in its price, marking view to be one of basically the most grand declines amongst leading cryptocurrencies. Currently, WIF stands at $2.26, impacted by a overall downturn within the meme coin sector and the broader cryptocurrency market.
Particularly, diverse meme money like Dogecoin (DOGE) and Shiba Inu (SHIB) maintain additionally skilled declines, with about an 18% lower over the last week. Equally, Pepe (PEPE), a main non-dogs-themed coin, has fallen approximately 20% all the procedure thru the same period.
The meme coin market, known for its prankish, neighborhood-pushed cryptocurrencies, is seeing a collective downturn. This dip has led to a tempered sentiment amongst merchants, affecting prices within the future of the spectrum of dogs-themed and diverse meme-impressed tokens.
DogWifHat Tag Update
DogWifHat’s (WIF) designate trajectory has skilled primary volatility, with the sizzling procuring and selling designate at $2.25, marking a when it comes to 7% decline over the last 24 hours.
Despite this, DogWifHat holds the #fifty three plight on CoinMarketCap with a grand market capitalization of approximately $2.24 billion, supported by a circulating supply of when it comes to 999 million WIF money.
DogWifHat Tag Prediction
Key technical diagnosis reveals pivotal ranges for DogWifHat, with a recent resistance poised at $2.forty five. Must WIF breach this threshold, an uptrend in direction of $2.75 could maybe additionally very well be initiated, signaling doubtless bullish momentum.
#DogWifHat faces a pivotal second with resistance at $2.forty five. Breaching this will signal a bullish pattern in direction of $2.75, while failure could maybe additionally impartial deepen the bearish pattern. RSI at 43 suggests undervaluation, with EMA at $2.forty five. A spoil above $2.4656 could maybe additionally impartial flip market sentiment obvious. pic.twitter.com/gmes79NbpJ
— Arslan Ali (@forex_arslan) March 22, 2024
Conversely, failure to beat this barrier could maybe additionally impartial lengthen the bearish pattern, with instantaneous enhance at $2.11 and additional downside security at $1.88 and $1.66.
The Relative Energy Index (RSI) stands at 43, indicating doubtless undervaluation, while the 50-Day Exponential Inviting Common (EMA) at $2.forty five mirrors the resistance stage, underscoring the severe juncture DogWifHat faces.
In summary, DogWifHat’s contemporary bearish stance underneath $2.4656 highlights the market’s cautious sentiment.
A decisive pass above this stage could maybe shift the myth in direction of a more optimistic outlook, offering a glimpse into DogWifHat’s doubtless for recovery amidst fluctuating market instances.
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Highlights to Disclose:
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This items a golden opportunity to have interaction with $SPONGE and precise a stake in Sponge V2’s promising future earlier than its trade introduction.
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Disclaimer: Crypto is a high-threat asset class. This article is supplied for informational purposes and does no longer record funding recommendation. It is doubtless you’ll maybe well lose your complete capital.
Source : cryptonews.com
