Dogwifhat price surges 12% as doggy-themed cryptocurrency pumps in, but investors fear missing out on opportunity to buy this key competitor ahead of imminent launch

Dogfight price rose US stocks are up more than 12% in the past 24 hours to trade at $1.59 as of 11:37 p.m. ET.

This rise in WIF price coincides with a 5% increase in the capitalization of dog-themed tokens during the trading session.

Dogwifhat Price Breaks A Major Resistance Level

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

the Dogs The price managed to break above a short-term negative channel in the last 24 hours. After that, the meme coin successfully overcame the key resistance level at $1.4568 as well. Traders are now trying to push WIF beyond the next threshold at $1.6812. If the cryptocurrency closes a 4-hour candle above this point, it could rally to a high of $1.8976.

On the other hand, a rejection of Dogwifhat price by the $1.6812 barrier in the next 24 hours could invalidate the bullish thesis. In this alternative scenario, same angle The pair may be at risk of retesting the above mentioned 1.4568 level. A drop below this level may lead the pair to the key support level at $1.3232 in 24 hours.

Technical forecasts suggest that Dogwifhat price may continue to rise.

From a technical perspective, indicators on the 4-hour WIF chart suggest that the meme coin price could continue to rise during the next trading day. More specifically, the Moving Average Convergence Divergence (MACD) and short-term Exponential Moving Averages (EMAs) are showing bullish signals.

Over the past 24 hours, the MACD line has crossed above the MACD signal line. This technical event is generally seen as a sign that the cryptocurrency has entered a positive trend and may therefore continue to rise. Moreover, the MACD line is widening the gap between it and the MACD signal line to indicate that WIF’s bullish momentum is gaining momentum.

Meanwhile, a major bullish technical flag is about to be triggered by the 9 and 20 EMA lines. The shorter of the two is trying to cross the longer EMA line. If this crossover happens in the next 12 hours, it could signal a positive shift in WIF’s short-term momentum. Dogwifhat price could continue to rise later.

Even as WIF shows bullish momentum, investors are rushing to buy a new dog-themed meme coin on the layer 2 Base blockchain called DAWGZ Base Before it was listed in less than 33 hours.

Unifying all leading networks with advanced cross-chain technology

Base Dawgz (DAWGZ) is a new coin in the emerging Base ecosystem that looks to replicate the success of the Base meme coin giant, Brett (BRETT).

In order to rise through the ranks of cryptocurrencies, the project is bringing unprecedented levels of utility to the meme coin space.

Powered by Wormhole and Portal Bridge technology, Base Dawgz gives investors and token holders the ability to conduct seamless, synchronous transactions across some of the most liquid and active networks in the Web3 space. These include Avalanche, Binance Smart Chain, Solana, Ethereum, and Coinbase’s Base Network.

We are committed to enhancing the Base Dawgz experience for our amazing community. While this won’t happen overnight, we are making thoughtful decisions to ensure the best outcomes for our community. Dogs.

Thank you for your patience and support as we continue to grow together! pic.twitter.com/VeX7hzdcph

— BaseDawgz (@BaseDawgz) August 2, 2024

Given the popularity of blockchains, many DeFi yield-generating opportunities are expected to emerge on these networks. As such, DAWGZ holders are ideally positioned to take advantage of these reward-generating opportunities as soon as they become available.

This essentially allows meme coin holders to maximize returns on their cryptocurrency wallets.

DEX launching soon

Only one day left until Base Dawgz launches.

Over $3.2 million has been sent to DAWGZ’s ICO, indicating strong investor confidence in the project’s future. Crypto YouTuber ClayBro told his 130,000 subscribers not to miss out on this project that has 10x potential after launch.

The cryptocurrency retails for $0.008582 and can be purchased using either BASE, ETH, BNB, AVAX, or SOL. Once purchased, tokens can also be staked via the website’s staking page, giving investors access to a 711% annual return. Interested investors should act quickly as the launch of the Base Dawgz decentralized exchange is imminent.

Buy and bet on DAWGZ here before it launches on DEX.

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