Dogwifhat Price Prediction: WIF Plunges 8% As Investors Rush To Buy This Meme Coin Rival With Time Running Out
The Dogwifhat price plunged over 8% in the last 24 hours to trade at $3.06 as of 11:09 p.m. EST as investors offload their holdings in the Solana meme coin on the market.
With the latest drop in the WIF price, the altcoin’s weekly performance has been pushed into the red zone. WIF is now down more than 5% over the past 7 days as a result.
Dogwifhat Price Approaching The $2.7712 Support
4-hour chart for WIF/USD (Source: GeckoTerminal)
The Dogwifhat price has printed a series of lower lows and lower highs on its 4-hour chart throughout the past few days, resulting in the formation of a descending price channel. Should the meme coin continue this downward trend, it could be at risk of testing the immediate support level at $2.7712. Persistent sell pressure might even lead to WIF plunging to $2.1763.
However, the Dogwifhat price overcoming the major resistance level at $3.3983 could bring an end to the meme coin’s drop. Breaking above this technical barrier will place WIF outside of the bearish price channel. As such, rising above $3.3983 might give the altcoin the space needed to potentially rise to as high as $4.0415 in the short term.
A Bullish Shift In Momentum May Be In The Cards For The Dogwifhat Price
From a technical standpoint, the Moving Average Convergence Divergence (MACD) suggests the Dogwifhat price might be getting ready to try and escape the negative channel. In the last few hours, the MACD line has risen toward the MACD Signal line. This could be an early indication that WIF’s negative trend is nearing its end.
Meanwhile, short-term Exponential Moving Averages (EMAs) are showing bullish signs as well. Currently, the 9 EMA is positioned bearishly below the 20 EMA on the 4-hour chart. These two lines might soon cross, however, as the shorter 9 EMA starts to close in on the 20 EMA. A cross between these two lines could signal a bullish shift in WIF’s momentum.
As the Dogwifhat price tries to escape a bearish channel, investors are FOMO buying meme coin rival Crypto All-Stars (STARS) for parabolic gains before its successful presale ends in about 23 days.
Giving Meme Coin Lovers The Opportunity To Grow Their Holdings Passively
Crypto All-Stars (STARS) is an innovative staking project that will give holders of a number of meme coins the opportunity to put their tokens to work for passive rewards all on one platform. This project answers the recent call for more utility in the crypto space made by former Binance CEO Changpeng Zhao, or CZ.
Popular meme coins to be supported on the project’s MemeVault platform from launch will be DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO. The team has also revealed that more staking options will be added in the coming months.
By staking any of these tokens, meme coin lovers will start to generate crypto rewards that are paid out in the project’s native STARS token. The rewards don’t stop there, however, because STARS can also be put to work in the MemeVault. Anyone who buys and stakes STARS now will unlock access to a huge 319% APY.
With its meme coin appeal and the ability to stake multiple tokens for passive rewards, it’s easy to see why experts are bullish on STARS. Popular YouTuber ClayBro recently told his more than 130K subscribers that STARS could surge 10X after its launch.
Investors Rush To Buy STARS At Presale Prices With Time Running Out
Crypto All-Stars has raised over $6.2 million through its highly-successful presale so far, signaling strong investor confidence in the meme coin’s future. Recently, a countdown timer has been added to the project’s ICO. With a fraction more than 23 days until launch, time is running out for investors to get in on the ground stages of STARS.
To position themselves ahead of the token’s launch, investors can utilize the simple buy widget embedded on the project’s website to acquire STARS. Selling for $0.0016254, the meme coin can be purchased with either ETH, USDT, BNB, FLOKI, SHIB, PEPE, or DOGE.
Once bought, the STARS tokens can then be locked up through the staking page on the website for the 319% APY.
Purchase and stake STARS here for the 319% APY before its presale ends.
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