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The Dogwifhat price has soared 5% in the past 24 hours to trade at $2.58 as of 11:45 p.m. EST.
During the last trading day, the WIF price was able to record an intraday high of $2.61. Despite a slight retracement since then, the meme coin is still trading closer to its 24-hour peak than its low for the same period, which was established at $2.33.
The Dogwifhat Price Trying To Exit A Bearish Channel
4-hour chart for WIF/USD (Source: GeckoTerminal)
The Dogwifhat price is attempting to escape a short-term negative price channel that has formed on its charts over the past 48 hours. WIF is also trying to flip the resistance level at $2.6379 into support. A 4-hour candle close above this threshold within the next 8 hours might give the meme coin the foundation needed to keep climbing in the following 24 hours.
WIF establishing a position above $2.6379 could be seen as a long entry by traders. With this potential buy volume, the Dogwifhat price might then attempt to rise above the next major resistance level at $2.8811. Continued buy pressure should the crypto reach this point could lead to WIF soaring to as high as $3.2156.
The bullish thesis might not play out if the Dogwifhat price is unable to close a 4-hour candle above $2.6379 within the next 8 hours. In this alternative scenario, the meme coin could be at risk of entering back into the aforementioned price channel. WIF might then lose the $2.3642 support, which could result in it falling all the way down to $2.0753.
The Dogwifhat Price About To Trigger A Bullish Technical Flag
Technical indicators on WIF’s 4-hour chart suggest the Dogwifhat price could keep climbing in the next few hours. Not only does the Relative Strength Index (RSI) show increasing buyer strength, the Moving Average Convergence Divergence (MACD) indicator is also on the verge of triggering a major bullish technical flag.
Over the past 24 hours, the MACD line has closed the gap between itself and the MACD Signal line. Now, the MACD line is looking to cross above the MACD Signal line. This potential intersection of the two technical indicators might be a sign of WIF entering a positive trend. Its price could subsequently breach the $2.6379 barrier to flip it into support.
While WIF attempts to escape a bearish channel and flip the $2.6379 resistance into support, investors are flocking to WienerAI (WAI) with only 5 days left in a blockbuster presale that’s raised more than $7 million.
Built To Sniff Out Hidden Trade Opportunities
WienerAI (WAI) is a new meme coin that comes with state-of-the-art AI technology. Trained to analyze the volatile crypto markets, the project’s sophisticated computer models can uncover hidden insights and trade opportunities buried deep within market data.
Through its analytical skills, WienerAI aims to become a loyal companion for crypto traders.
Since users will not have to search the market for their next trade opportunity, they can focus more of their energy on the actual trade timing and execution. What’s more, WienerAI offers a seamless token swap solution as well as constant MEV protection.
With all of these features combined, the project can not only assist traders in finding frequently missed scalp opportunities, but can also ensure that trades are quickly filled and do not stand the risk of being front run by MEV bots.
Given all of the features that WienerAI has to offer, it is easy to see why an analyst from Crypto Gains, a YouTube channel with 135,000 subscribers, recently urged investors to act quickly before WienerAI’s presale ends.
Time Is Running Out For Investors To Get In On WAI Early
WienerAI’s presale will end in just 5 days. As the ICO’s end nears, time is running out for investors to purchase WAI at this early stage. Investors might also miss out on a lucrative staking opportunity if they do not act fast.
WienerAI army is getting ready to be released … 🌭🌭🌭 pic.twitter.com/ns1gO37V6n
— WienerAI (@WienerDogAI) July 25, 2024
Anyone who buys and stakes WAI during its ICO will gain access to a 141% APY. To unlock these rewards, investors will first need to purchase WAI using the buy widget embedded on its website.
Selling for $0.00073, WAI can be bought using either ETH, USDT, BNB or bank card.
Purchase WAI here before its presale ends.
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