Dogwifhat Price Prediction: Solana Meme Coin WIF Up 11%, But Analysts Say This Core Coin Is In Possibility Of 100x Gains

Dogfight price Pumped The Solana meme coin has surged more than 11% in the past 24 hours to trade at $1.55 as of 11:45 p.m. ET as investors rush to buy the Solana meme coin.

The recent surge in WIF price has seen the cryptocurrency rebound from its intraday low of $1.35. As a result, the altcoin is now trading at its highest level in 24 hours.

Dogwifhat Price Attempts to Overcome a Technical Barrier

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

the Dogs The price has made several higher highs and higher lows on the 4-hour chart throughout the past trading day, forming an ascending price channel. Now, the meme coin is trying to establish a position above the $1.5096 resistance level.

If WIF closes a 4-hour candle above $1.5096 in the next 8 hours, it may have the technical foundation to continue rising in the next 24 hours. Traders may then enter a long position in the cryptocurrency, which could push the price of Dogwifhat to as high as $1.8834 in the near term.

Dogwifhat price is in danger

On the other hand, a rejection of Dogwifhat price at $1.5096 could invalidate the bullish thesis. WIF could be at risk of falling to the immediate support level at $1.0964 in this alternative scenario. Continued selling pressure in case the meme coin falls to this technical safety net could lead to a sharp decline in its price. Wave Down to $0.7028.

Bullish technical indicators suggest that Dogwifhat price may continue to rise.

Looking at the technical indicators on the 4-hour chart of WIF reveals bullish signs that the meme coin could continue to rise during the next trading day. Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) are pointing to a continued rise in the price of Dogwifhat.

The MACD Histogram has been rising in the last 24 hours, indicating that the MACD line is moving away from the MACD Signal Line. Traders usually see this trend of the MACD and MACD lines as a sign that the cryptocurrency is in a positive trend. The widening gap between the two lines also suggests that WIF’s bullish momentum is gaining momentum.

The RSI values ​​have also risen. This could indicate that the bulls are getting stronger against the bears. Recently, the RSI has also crossed above the key 50 indicator, which could indicate that buyers have gained the upper hand over the sellers and will continue to push WIF price higher in the near term.

While WIF is trying to close above the $1.5096 resistance level, DAWGZ Base The project is quickly approaching the $3 million mark in pre-sale funds raised. The 99Bitcoins YouTube channel, which has over 706,000 subscribers, says the project is “the next 100x gem!”

Core multi-chain meme coin

Base Dawgz (DAWGZ) is a new meme coin project that allows investors to make seamless transactions across some of the most liquid and active blockchain networks in the Web3 space.

By implementing Wormhole and Portal Bridge technology, DAWGZ holders gain simultaneous access to the benefits of the BASE, ETH, SOL, BSC, and AVAX blockchains.

In addition to its cross-chain capabilities, Base Dawgz is also looking to capitalize on the hype surrounding meme coins circulating on the Base layer 2 network.

Investors are betting big on the future of DAWGZ

Over $2.8 million has already been sent to the ongoing DAWGZ ICO. The combination of the meme coin’s appeal and the project’s second-layer publicity seems to be working in Base Dawgz’s favor.

Another possible driver behind this early success could be the 952% annualized return rate offered to pre-sale investors.

To get these rewards, investors will first need to obtain the token via the simple purchase tool included on the project’s website.

Congratulations on crossing 2.8 million! Dogs 🥳

We are getting closer to the date and hope to be able to update you next week 🤝 pic.twitter.com/mRvjOMwD6F

— BaseDawgz (@BaseDawgz) August 3, 2024

Once you purchase tokens, you will need to lock them through the storage page on the website in order for the purchase to be eligible for the 952% APY.

Currently, 32% of the DAWGZ supply is staked as investors attempt to secure the tokens ahead of the next price surge, which will occur in less than 6 days.

DAWGZ is priced at $0.007414 and can be purchased with a variety of cryptocurrencies as it exists on multiple chains. The list of available tokens includes BASE, SOL, ETH, BNB, and AVAX.

Buy DAWGZ tokens on the official website here,

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