Dogwifhat Price Prediction: WIF Pumps 8% As This SHIB Derivative Races Towards $1 Million

The
Dogwifhat
price
surged
8%
in
the
last
24
hours


to
trade
at
$1.8191

as
of
02:29
a.m.
EST
on
trading
volume
that
dropped
24%
to
$1
billion.

This
comes
as
the
meme
coin
space


gained
11%

in
the
last
24
hours,
pushing
the
sector’s
capitalization
to
$42
billion.

Dogwifhat
Price
To
Sustain
The
Bullish
Trend
Reversal

The
Dogwifhat
price
went
on
a
downtrend
from
July
27
to
Aug.
5,
dropping
within
a
falling
channel
pattern
from
the
$2.7
resistance
to
the
$1.13
support
level,
according
to
data
from

GeckoTerminal.

However,
the
bulls
used
the
support
level
as
a
cushion,
and
pushed
the
price
of
Dogwifhat
above
the
channel
through
a
markup
phase.

The
Dogwifhat
price
now
trades
above
the
50-day
Simple
Moving
Average
(SMA)
but
struggles
to
overcome
the
$2.0
resistance
zone
(200-day
SMA).

Moreover,
the
Relative
Strength
Index
(RSI)
shows
that
the
asset
is
currently
has
some
backing
from
buyers,
with
the
RSI
rising
from
the
oversold
level
to
its
current
value
at
59,
as
it
closes
in
on
the
overbought
region.

The
Moving
Average
Convergence
Divergence
(MACD)
is
also
rising
above
the
neutral
line,
a
signal
of
a
continued
uptrend.
The
blue
MACD
line
also
rose
above
the
orange
signal
line,
forming
a
bullish
crossover,
which
further
increases
the
bullish
prospects
of
the
token.

According
to
the
Dogwifhat
analysis,
investors
are
currently
buying
as
they
push
the
WIF
price
above
the
falling
channel.
If
this
trend
continues,
the
price
of
Dogwifhat
could
continue
surging
to
overcome
the
$2.0
resistance,
as
the
bulls
target
$2.5.

However,
in
an
inverse
scenario,
if
the
bears
take
control
of
the
price
at
this
level,
WIF
could
correct,
with
$1.35
acting
as
the
immediate
support
level.

Meanwhile,
as
the
WIF
price
surges,
investors
are
also
pumping
funds
into
a
Shiba
Inu
alternative
called


Shiba
Shootout
(SHIBASHOOT),
which
has
amassed
over
$894K
in
its
presale.

Shiba
Shootout
Presale
Blasts
Past
$894K,
Best
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—
shibashootout
(@shibashootout)

July
1,
2024

The
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pic.twitter.com/YjlGaaluBT

—
shibashootout
(@shibashootout)

June
28,
2024

The
game
is
built
around
the
town
of
Shiba
Gulch,
a
bustling
digital
settlement
that
is
a
favorite
with
Shiba
lovers
who
come
together
to
challenge
each
other.

It
also
features
a
play-to-earn
(P2E)
game
that
is
already
approved
by
Google
Play
and
the
Apple
App
Store,
which
will
allow
players
to
earn
its
$SHIBASHOOT
token.

Apart
from
P2E
crypto
gaming
in
Shiba
Gulch,
$SHIBASHOOT
holders
can
also
easily
earn
passively
through


the
platform’s
staking
mechanism,

which
offers
an
impressive
1,072%
annual
rewards.

According
to
the
crypto
channel
99Bitcoins,
with
more
than
706k
subscribers,
investors
who
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can
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“insane
rewards.“

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participating
in
the
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can
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