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Dogwifhat Price Prediction: As WIF drops 5%, investors flock to other Solana Meme coins following new listing plans.

By 5 Mins Read

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Dogwifhat prices were down 5% to $4.4070 as of 3:56 a.m. ET, with volume up 4%.

The market is heading into the Easter holidays, which explains the heavy trading volume. Nonetheless, WIF continues to hover well above $4.0000, giving the Solana-based meme coin a worthy spot on CoinMarketCap’s trending list.

In terms of market capitalization, Meme Coin currently stands at $4.389 billion, but traders and market watchers predict that it could soon reach $5 billion.

From a technical perspective, Dogwifhat price is heading for a strong breakout. However, this will depend on whether the bulls can hold it above the midline of the ascending parallel channel, which is the dominant chart pattern on the 8-hour time scale.

A bounce above the midline could set the tone for a strong northward move, which could push the Dogwifhat price towards $5.0000.

Several technical indicators support this claim as Dogwifhat price is above the short-term moving average (MA) of $4.3414. Increased buying pressure due to this level of buyer congestion could send Dogwifhat price north, breaking the resistance caused by the upper boundary of the channel. This move, confirmed as the upper band of the Bollinger indicator at $4.9947 turned into support, could open the way for a continued rally.

Relative Strength Index (RSI) positions above 50 are also bullish, which is further emphasized by the Awesome Oscillator (AO) indicator which is well above average levels.

Dogwifhat price

TradingView: WIF/USDT 8-hour chart

converse case

On the other hand, increased buying pressure may cause the Dogwifhat price to fall. A slide below the channel center line could result in more sell orders. This sees WIF price testing the central line of the Bollinger indicator at $3.7121. A decisive candle closing below this level would mark a break above the mid-March high of $3.5672.

A downtrend could restore the market around this level, pushing the Dogwifhat price lower. Meanwhile, investors are flocking to Smog, Solana’s meme coin, which is soon to be listed on its first centralized exchange. Dogwifhat price is struggling to maintain its bullish outlook, so consider diversifying into smog. The project is currently offering a 10% discount to early project participants. Analysts say a 100x discount is possible at launch.

A promising alternative to Dogwifehat

Smog is the latest Solana meme coin and analysts say it will benefit from a dragon theme that could appeal to Asian investors. This is during the ongoing Lunar Year of the Dragon. The assumptions are based on a shared dragon theme. The token emerges as one of the most talked about meme coins of 2024 after its debut on the Jupiter DEX.

Smog promises to be the mother of all airdrops. The project is dedicated to surpassing Solana’s landmark $700 million airdrop by JUP. For this effort, the project has allocated 35% of its total token supply (1.4 billion tokens) for this purpose. Smog Project participants can accumulate airdrop points by participating in Zealy campaigns.

Smog Meme Coin is a new entrant into the meme coin market running on the Solana blockchain and has already entered the top 25 meme coin rankings by market capitalization. The SMOG airdrop campaign is quickly approaching key milestone goals for community growth and engagement.

Right now you can buy and stake Smog with a 10% discount. But hurry and grab the deal before it ends.

Smog takes CEX by storm with new airdrop

SMOG is said to be listing on a centralized exchange (CEX) “soon”. latest announcement ‘on social media by token leaders. According to the announcement, the listing will be a landmark event, with project leaders urging #Dragons (the nickname for the $SMOG army residents) to “get ready for the first $SMOG exchange listing coming soon.”

Smog CEXSmog CEX

Visit here to purchase Smog.

Also read:

SMOG – Meme Coin with Rewards

smog tokensmog token
  • Airdrop Season 1 Live Starts
  • Earn XP to Win $1 Million in Stake
  • Cointelegraph Special
  • Staking Rewards – 42% APY
  • 10% OTC discount – smogtoken.com

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