Dogwifhat Price Prediction: WIF Plummets 20% In A Week As Experts Say Consider This P2E DOGE For 10X Gains

The Dogwifhat worth is down greater than 20% on the weekly timeframe following a 6% plunge within the final 24 hours to commerce at $1.47 as of 11:42 p.m. EST as merchants preserve unloading their holdings within the meme coin available on the market.

The WIF worth was in a position to set up an intraday excessive of $1.60 within the final 24 hours. It has, nonetheless, since pulled again to commerce nearer to its low for a similar interval, which stands at $1.44.

The Dogwifhat Worth Approaching Key Assist

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

The Dogwifhat worth is resting on the important thing help degree at $1.3504. Ought to it drop under this main worth level within the subsequent 24 hours, the meme coin may very well be uncovered to the chance of plunging to the following mark at $1.0357.

WIF sustaining a place above $1.3504 for the following 24 hours would possibly, nonetheless, invalidate the bearish thesis. On this different situation, the crypto might have the technical basis wanted to rise to the quick resistance degree at $2.1295. Overcoming this threshold might then set the Dogwifhat worth as much as probably rise to as excessive as $2.8487 within the brief time period.

Technical Indicators Warn The Dogwifhat Worth Worth May Hold Falling

From a technical perspective, indicators on WIF’s 4-hour chart warn that the crypto would possibly proceed to drop by way of the course of the following 24 hours. Each the Shifting Common Convergence Divergence (MACD) and the Relative Energy Index (RSI) present that bears presently have the higher hand towards bulls.

RSI readings have dropped over the past 24 hours. At the moment, the indicator is near oversold territory at 32. This implies that WIF is underneath immense bearish stress.

In the meantime, the MACD line is positioned under the MACD Sign line. Merchants usually see this as a sign {that a} crypto is in a damaging cycle. With the hole between the 2 traces steadily beginning to develop, it appears WIF’s bearish momentum is selecting up steam as properly.

Whereas technicals warn the Dogwifhat worth would possibly proceed to drop within the coming 24 hours, buyers are flocking to PlayDoge (PLAY) for potential 10X positive aspects.

A Trendy Twist On A As soon as-Viral Recreation

PlayDoge (PLAY) is a brand new meme coin that’s equally styled to Dogecoin and goals to revive the 90s Tamagotchi recreation. These digital pets had been as soon as an enormous hit globally, with hundreds of thousands of models bought worldwide. Now, PlayDoge is trying to reignite the hype across the gaming traditional by introducing its personal model of the sport which incorporates trendy parts in its gameplay.

PlayDoge’s model of the Tamagotchi recreation consists of blockchain and crypto expertise, which give gamers the chance to earn crypto rewards for merely making certain their digital companions get sufficient love, meals and sleep. This may doubtless preserve gamers engaged for an prolonged time period, since there’s a monetary incentive for gamers to maintain interacting with their digital pets.

With the venture’s meme coin attraction, its gaming parts and gamers’ capacity to earn crypto rewards, it’s straightforward to see why in style crypto YouTuber Jacob Bury predicts PlayDoge has the potential for a 10X achieve.

Final Likelihood To Purchase PLAY At ICO Costs

Time is operating out for buyers to buy PLAY throughout its presale section, which has seen greater than $6 million raised thus far. In an Aug. 13 X publish, the venture’s workforce revealed that the meme coin’s ICO has entered its remaining stage.

We’re within the remaining stage of the #presale. 🚨

Are you prepared for the very best #P2E recreation of the 12 months? 🔥

Earn $PLAY tokens and select properly what you feed your PlayDoge! 🌶️

LAST CHANCE TO BUY! 👇 https://t.co/JT0VEofqf2 pic.twitter.com/L3vML5z3xi

— PlayDoge (@PlayDogeGame) August 13, 2024

Anybody trying to purchase PlayDoge at this early stage can achieve this by way of the straightforward purchase widget embedded on the venture’s web site. Promoting for $0.00529, the token could be purchased utilizing both ETH, USDT, BNB or financial institution card. Buyers can even stake their newly-purchased  PLAY tokens for passive rewards, given the 76% APY being supplied throughout PLAY’s presale.

Buy and stake PLAY right here for as much as 76% in annual rewards. 

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