DogWifHat Price Prediction as WIF Drops 6% Overnight – What’s Going

Thomas Musgrave

Last updated:

April 23, 2024 at 24:54 GMT+3

| 2 min read

The WIF price plummeted by 6% on April 22 due to high volatility in the crypto markets after the Bitcoin halving.

Based on detailed analysis, the price forecast for dogwifhat’s token, $WIF, indicates a potential increase to $3.50 by Q4 2024.

This optimistic forecast has been attributed to the news of $WIF being listed for spot trading on OKX.

This development is expected to greatly increase WIF’s adoption rate, leading to a subsequent rise in its market value.

DogWifHat Price Prediction as WIF Drops 6% Overnight.

Over the past day, the trading price of WIF has fluctuated between a high of $3.13 and a low of $2.88, representing a significant decrease in value.

As per the latest data available on Coingecko, WIF is currently trading at $2.92.

According to the technical analysis, when WIF prices experienced a sharp decline of 6% to $2.88, it dipped below its single Moving Average (MA) indicator.

This indicates a short-term downtrend in the token’s performance.

On the 1D time frame, however, it appears there might be a potential bullish trend in the making.

A cup and handle pattern is in the making and is generally considered a bullish indicator in technical analysis.

In addition, the candlesticks have moved above the MA, indicating potential signs of a bullish trend.

Various news sources like Cryptonews have recently predicted that WIF is expected to surge in value, with its price projected to climb up to $3.50 by the end of this month.

Based on long-term projections, if the coin can sustain the current pace of growth, it has the potential to attain a value ranging between $7 to $12.50 by 2030.

Being the biggest meme coin on the Solana blockchain, it could overtake leading altcoins like DOGE and SHIB.

New Presale Tokens May Outperform Bigger Coins.

With WIF price less than 2x away from its ATH prices, traders may want to look at newer meme coin presale campaigns for potential 10x gains.

One of these promising crypto presales is run by Dogverse, a multi-chain-based network that has already raised over $7.5 million in its presale, which will end in less than 24 hours.

Inspired by Dogecoin, Dogeverse is looking to tap into Doge’s cultural impact and explosion in popularity.

The DogeVerse is the first DogeMeme token built on a multichain network...

https://cryptonews.com/news/dogwifhat-price-prediction-as-wif-drops-6-overnight-whats-going-on.htm

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