The Dogwifhat price plunged 15% in the last 24 hours to trade at $3.49 as of 00:18 a.m. EST on trading volume that dropped 11% to $596 million.

WIF has exhibited impressive growth since its launch in December 2023, and recently overtook Pepe (PEPE) to become the third-largest meme coin by market capitalization. 

Dogwifhat Price Set For A Trend Reversal Over The Bullish Pennant

The Dogwifhat price experienced a bull run in March, attaining an all-time high of $4.60, before going through a period of price correction at the beginning of April.

The slight retrace saw WIF drop to the $3.19 support level, which acted as the immediate support level, allowing the bulls to push the price to the upper boundary of the bullish pennant.

Even though the price retraced back to the current price at $3.49, WIF remains 68% up in the last 30 days.

Additionally, Dogwifhat trades above the 200-day Simple Moving Average (SMA), indicating that WIF is poised for further upward movement. If the bulls sustain bullish momentum, the price could eventually overcome the 50-day SMA threshold above $3.70.

The Relative Strength Index (RSI) on the 4-hour chart indicates that investors are selling, which coincides with the current downtrend, as the RSI moves downwards towards the oversold level, currently at 40.

Dogwifhat Price Prediction

The Dogwifhat price analysis on the 4-hour chart indicates that WIF is currently on a downtrend but with signs of an incoming trend reversal as the price still trades within the boundaries of the bullish pennant.

The golden cross at $0.3 further supports the bullish potential of the price. Additionally, the RSI crossing to the oversold region could indicate an incoming trend reversal for an uptrend. The WIF bulls are looking to capitalize on these factors, which could push the price higher, as they target $5.5.

However, if the bears continue exerting more pressure, the price may go down through a retrace, which could see the bulls retreat to $3.04, coinciding with the 200-day SMA.

Meanwhile, investors are also buying $DOGEVERSE as they aim to capitalize on the buzz surrounding International Doge Day on April 20th. The red hot meme coin is about to reach $1 million raised after just two days on the market and has already completed stage one of its presale.

Dogeverse About To Hit $1M+ In Less Than Two Days

Dogeverse (DOGEVERSE) is a new crypto project that aims to capitalize on the upcoming Doge Day on April 20, as the hype around all things DOGE reaches fever pitch.

Dogeverse separates itself from other meme coins in that it is built on a multichain network that consists of Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.

🌟 #Cosmo is the face of the first #Memecoin across six major #Blockchains! 🐶

Launching on #ETH, #BNB, #Polygon, #Sol, #Avalanche and #Base, $DOGEVERSE offers easy multichain access with minimal gas fees. 🚀

Cosmo is elevating #Doge culture to a whole new multichain level! 🔗 pic.twitter.com/YjXvNhcOsl

— DogeVerse (@The_DogeVerse) April 9, 2024

The face of the project is the dog Cosmo the Doge, the chain-hopping Doge born from a collapsing supernova. This allows the dog to hyperjump between the stars of the crypto universe, pushing for multichain utility.

Buy $DOGEVERSE, Stake For 1,493% Annual Rewards

You can earn passive income through the platform’s staking option, where you stake $DOGEVERSE for an impressive 1,493% annual percentage yield (APY).

With Dogeverse selling extremely fast, ClayBro, a crypto analyst and YouTuber with over 125K subscribers, says he’s already bought tokens and add that ”it’s going to sell out so quickly.”

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You can participate in the presale by buying $DOGEVERSE at a discounted price of $0.000291 per token. Buy soon if you are interested because another price hike is coming in less than four days and it’s likely to hit its second stage ceiling before that. 

To participate, you can buy $DOGEVERSE from the official website here using ETH, USDT, or a bank card.

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• Source: https://insidebitcoins.com/news/dogwifhat-price-prediction-wif-plunges-15-as-investors-pivot-to-this-multi-chain-dogecoin-derivative-presale-for-parabolic-gains