Dogwifhat Price Prediction: Solana Meme Coin WIF Soars 11%, But Analysts Say Consider This Base Rival For 100X Gains

The Dogwifhat worth pumped over 11% within the final 24 hours to commerce at $1.55 as of 11:45 p.m. EST as traders go lengthy on the Solana meme coin.

This current surge within the WIF worth noticed the crypto rebound from an intraday low of $1.35. In consequence, the altcoin is now buying and selling at a 24-hour excessive.

The Dogwifhat Worth Trying To Overcome A Technical Barrier

4-hour chart for WIF/USD (Supply: GeckoTerminal)

The Dogwifhat worth has printed a number of increased highs and better lows on the 4-hour chart all through the previous day of buying and selling, ensuing within the formation of an ascending worth channel. Now, the meme coin is making an attempt to ascertain a place above the $1.5096 resistance.

Ought to WIF shut a 4-hour candle above $1.5096 inside the subsequent 8 hours, it may have the technical basis wanted to maintain rising within the following 24 hours. Merchants would possibly subsequently enter into an extended place for the crypto, which may push the Dogwifhat worth to as excessive as $1.8834 within the quick time period.

Dogwifhat Worth At Threat

However, the Dogwifhat worth getting rejected by the $1.5096 mark would possibly invalidate the bullish thesis. WIF might be uncovered to the chance of falling to the quick help stage at $1.0964 on this various state of affairs. Continued promote stress ought to the meme coin plunge to this technical security web would possibly then result in WIF falling to $0.7028.

Bullish Technicals Counsel The Dogwifhat Worth May Preserve Climbing

technical indicators on WIF’s 4-hour chart reveals bullish indicators that counsel the meme coin may preserve climbing by way of the course of the subsequent buying and selling day. Each the Shifting Common Convergence Divergence (MACD) and the Relative Power Index (RSI) indicators level to a continued enhance for the Dogwifhat worth.

MACD Histogram values have been on the rise within the final 24 hours, which signifies the MACD line is breaking away above the MACD Sign line. Merchants often see this orientation of the MACD and MACD Sign line as an indication {that a} crypto is in a optimistic pattern. The rising hole between the 2 strains additionally suggests WIF’s bullish momentum is selecting up steam.

RSI values have additionally been on the rise. This might point out that bulls are rising stronger towards bears. Lately, the RSI additionally crossed above the most important 50 benchmark, which could sign that consumers have gained an higher hand towards sellers and can proceed to push WIF’s worth up within the quick time period.

Whereas WIF tries to shut above the $1.5096 resistance, Base Dawgz (DAWGZ) is fast-approaching the $3 million mark in funds raised in its presale. And the 99Bitcoins YouTube channel, with greater than 706k subscribers, says the challenge ”Is The Subsequent 100x Gem!”

A Base Meme Coin With A Multi-Chain Presence

Base Dawgz (DAWGZ) is a brand new meme coin challenge that enables traders to seamlessly transact throughout a few of the most liquid and lively blockchain networks within the Web3 area.

By means of its implementation of Wormhole and Portal Bridge Expertise, DAWGZ holders concurrently acquire entry to the advantages of the BASE, ETH, SOL, BSC and AVAX blockchains.

Along with its cross-chain capabilities, Base Dawgz can also be seeking to make the most of the hype surrounding meme cash deployed on the layer-2 Base community.

Buyers Guess Large On DAWGZ’s Future

Greater than $2.8 million has already been despatched to DAWGZ’s ongoing ICO. The challenge’s mixture of meme coin attraction and layer-2 hype appear to be working in favor of Base Dawgz.

One other potential driver behind this early success might be the 952% APY on provide to presale traders.

To get in on these rewards, traders will first want to amass the token through the straightforward purchase widget embedded on the challenge’s web site.

Congrats on passing 2.8 million $DAWGZ 🥳

We’re getting nearer. And hopefully we may give you an replace subsequent week 🤝 pic.twitter.com/mRvjOMwD6F

— Base Dawgz (@BaseDawgz) August 3, 2024

As soon as the tokens have been purchased, they may have to be locked up by way of the staking web page on the web site for the acquisition to be eligible for the 952% APY.

At the moment, 32% of DAWGZ’s provide has been staked as traders attempt to lock up tokens earlier than the subsequent worth enhance, which is able to happen in lower than 6 days.

Promoting for $0.007414, DAWGZ may be bought utilizing quite a lot of cryptos given its multi-chain presence. The record of accessible tokens embody BASE, SOL, ETH, BNB, and AVAX.

Purchase DAWGZ tokens on the official web site right here,

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