Dogwifhat Price Prediction: WIF Plunges 12% as Investors Rush to Buy This P2E DOGE Before It’s Too Late

Dogwhiphot price jumped in As investors offloaded their holdings of the dog-themed meme coin, it rose more than 12% in the past 24 hours to trade at $1.57 as of 11:42 p.m. ET.

The decline in the WIF price coincides with a 6% decline in the overall meme coin market cap over the past trading day.

Dogwifhat price may lose another key support

4-hour chart of WIF/USD (Source: Gecko Terminal)

that Dogwifhat The price has fallen below the major support level of $1.6579 in the past few hours and is now testing the next major mark of $1.4799. If it breaks below this second point, the meme coin is at risk of crashing to $1.3304 in the short term.

However, if WIF recovers its positions above the $1.6579 mark or bounces off the $1.4799 support level in the next 24 hours, the bearish theory could be invalidated. Traders are likely to identify the current level of Dogwifhat price as a buying opportunity in this alternative scenario. This potential buying pressure could result in the cryptocurrency rising to the $1.8216 resistance level.

Bears maintain a strong grip on Dogwhipheart prices

From a technical standpoint, the bears appear to have a clear advantage over the bulls on the 4-hour chart. Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators show that buyers have a lot of work to do to regain control of the Dogwifhat price.

Over the past few days, the MACD line has been crossing downwards above the MACD signal line, indicating: Whip It has entered a short-term downtrend. After these two technical indicators crossed, the meme coin lost support at the $1.6579 mark, confirming a bearish signal. The bearish momentum seems to be strengthening as the gap between the two lines continues to grow.

Meanwhile, the RSI reading plummeted from 47 to 29. Traders typically view a decline in the RSI value as a sign of weakening buying power.

With the RSI now showing that the meme coin is oversold, some traders may start buying WIF as its upside potential is greater than its downside potential. However, traders may want to wait until a bullish trend reversal is confirmed before going long the meme coin, as the RSI tends to remain low when the cryptocurrency is dumping.

While traders wait to see if WIF can overcome the current selling pressure, investors are FOMOing on buying the new Doge-themed meme coin. Play-dodge (PLAY) Before launching a decentralized exchange.

90s games meet 21st century technology

PlayDoge (PLAY) is looking to make a name for itself in the rapidly growing meme coin space. With so many meme coins entering the crypto market every day, PLAY needs to do something special to stand out from the crowd. That’s why this project is all about bringing back the 90s gaming craze.

PlayDoge is set to launch a blockchain-based version of the viral Tamagotchi game. The virtual pets were wildly popular in the past, selling tens of millions of units worldwide. Now, the meme coin is looking to revive and capture the craze surrounding the game, which could result in a surge in the project’s native PLAY token.

At first, the gameplay was quite limited. The virtual pet would inevitably die, forcing the player to reboot the system and start over. PlayDoge will implement blockchain and crypto technology to provide more engaging gameplay, with players being rewarded with crypto in exchange for caring for their digital companion.

Popular YouTuber Clave is bullish on PlayDoge, telling his 130,000 subscribers that the meme coin could soar 10x after launch.

There is not much time left for investors to get in on the PLAY early.

PlayDoge (PLAY) is about to enter the open market with the upcoming launch of a decentralized exchange within 48 hours. So there is not much time left for investors to acquire tokens during the pre-sale phase before the open market launch. Investors may also miss out on the 71% APY offered to everyone who buys and stakes PLAY before the ICO ends.

Pre-sale ends! 🚨

PlayDoge Claims and DEX Listings Start on Thursday the 29th at 10am UTC! 🚀

Import your token address to your wallet right now for seamless billing.

Now is your last chance to get it at full price. ⏳👇 https://t.co/uspqJZur98 pic.twitter.com/0CaCUQ7fzL

— PlayDoge (@PlayDogeGame) August 26, 2024

It’s not too late. Investors who want to access high APY can acquire tokens through a simple purchase widget embedded in the project website. After purchasing, tokens must be locked through the staking page.

PLAY is selling for $0.00532 and can be purchased using ETH, USDT, BNB, or a bank card.

Buy PLAY and stake here to earn 71% APY before DEX launch.

Related articles:

PlayDoge (PLAY) – Latest Launch on BNB Chain

• 2D Virtual Dodge Pet
• Play to earn Meme Coin Fusion
• Staking and In-Game Token Rewards
• SolidProof Thanks – playdoge.io