Dogwifhat Price Prediction: WIF Pumps 56% In A Week, But Can It Outperform This ICO With Its Own Layer 2 Blockchain?

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Insidebitcoin2024/07/22 16:24

By:Insidebitcoin

The Dogwifhat price has surged 56% in the past week and 10% in the last 24 hours to trade at $2.79 as of 7 a.m. EST on a 30% pump in trading volume to $694 million.

Dogwifhat Price Rides On A Double Bottom Pattern Formation

The WIF price indicates a bullish trend reversal as buyers drive the price up towards the resistance zone at $4.07. The support level at $1.52 has created a double-bottom pattern, indicating a potential shift towards an upward trend.

Dogwifhat Price Prediction: WIF Pumps 56% In A Week, But Can It Outperform This ICO With Its Own Layer 2 Blockchain? image 0

WIFUSDT Analysis (Source: Tradingview)

The price currently trading above the 50 and 200 Simple Moving Averages (SMAs). However, with an anticipated rebound, momentum might build to help the bulls drive the price above the 200 SMA, initiating a bull rally.

The relative strength index (RSI) also signals a rebound from the 30-oversold level to 68 above the 50 midline level. If this momentum continues, the RSI could enter the overbought territory, indicating intense buying pressure.

Dogwifhat Price Bulls May Reclaim The All-Time High

The traders are poised to continue the uptrend which indicates a bullish trend continuation for the WIF price. The double bottom indicates support for the upward momentum helping the bulls push the price to reclaim its all time high at $4.83.

Conversely, if the bears take over the support zone and start to falter, the bears could continue the downtrend, causing the price to drop to the $2.05 support level.

Best Meme Coin To Buy Now?

As some traders enjoy WIF’s bullish momentum, others are fueling the excitement around the new meme coin Pepe Unchained (PEPU) , which has raised over $4.8 million in its rampant presale.

The original Pepe has provided astounding returns to early investors and remains a top performer despite the influx of new meme coins. But because it’s built on the Ethereum blockchain, it has been limited by layer-1 technology that causes network delays and high gas fees. This is where Pepe Unchained comes in.

Based on the original PEPE token, Pepe Unchained comes with its own layer 2 blockchain. That addresses the issues of scalability, speed, and efficiency that often affect meme coins built on layer-1 blockchains like Ethereum, allowing investors to capitalize on market opportunities more effectively.

Token holders can also earn passive income through the platform’s staking system, which offers an annual yield of 392%.

According to the 99Bitcoins crypto channel on YouTube, $PEPU might be the next meme coin to soar 10x after launch.

You can purchase $PEPU tokens for $0.008596 each from the official website. But with the price set to hike in less than two days, buy now to secure the best deal.

Buy $PEPU tokens here using ETH, USDT, or a bank card.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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