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Dogwifhat price is down over 20% on the weekly timeframe after dropping 6% dive over the past 24 hours to trade at $1.47 as of 11:42 p.m. EST, as traders continue to unload their holdings of the meme coin in the market.
WIF price was able to establish an intraday high of $1.60 over the past 24 hours. However, it has since pulled back to its lowest level for the same period, which stands at $1.44.
Dogwifhat Price Approaches Key Support
4-hour chart for WIF/USD (Source: Terminal Gecko)
THE Dog Hat The price is resting on the key support level at $1.3504. If it breaks below this major price level in the next 24 hours, the meme coin could be at risk of plunging towards the next mark at $1.0357.
Maintaining WIF’s position above $1.3504 over the next 24 hours, however, could invalidate the bearish thesis. In this alternative scenario, the crypto could have the technical basis to reach the immediate resistance level at $2.1295. Breaking above this level could then allow Dogwifhat price to potentially rise to $2.8487 in the near term.
Technical indicators warn that the price of the dog could continue to fall
From a technical perspective, indicators on the 4-hour chart of WIF warn that the cryptocurrency could continue to decline over the next 24 hours. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show that the bears currently have the upper hand over the bulls.
RSI readings have been falling over the past 24 hours. Currently, the indicator is close to the oversold territory at 32. This suggests that Wi-Fi is under immense downward pressure.
Meanwhile, the MACD line is positioned below the MACD signal line. Traders usually see this as an indication that a crypto is in a negative cycle. With the gap between the two lines gradually starting to widen, it seems that the bearish momentum of WIF is also gaining momentum.
As technical data warns that the price of Dogwifhat could continue to decline in the next 24 hours, investors are flocking to PlayDoge (PLAY) for potential gains of 10X.
A modern take on a once viral game
PlayDoge (PLAY) is a new meme currency similar to Dogecoin that aims to revive the 90s Tamagotchi game. These digital pets have been a huge global success, with millions of units sold worldwide. Now, PlayDoge is looking to reignite the hype around this gaming classic by introducing its own version of the game that includes modern elements in its gameplay.
PlayDoge’s version of Tamagotchi includes blockchain and crypto technology, which gives players the opportunity to earn crypto rewards simply by ensuring their virtual companions get enough love, food, and sleep. This will likely keep players engaged for an extended period of time, as players have a financial incentive to continue interacting with their digital pets.
With the project’s appeal as a meme coin, its gaming elements, and the ability for players to earn crypto rewards, it’s easy to see why popular crypto YouTuber Jacob Bury predicts that PlayDoge has the potential for a 10X gain.
Last chance to buy PLAY at ICO prices
Time is running out for investors to buy PLAY during its pre-sale phase, which has already raised over $6 million. In a post published on August 13 on X, the project team revealed that the meme cryptocurrency’s ICO has entered its final phase.
We are in the final phase of the #presale. 🚨
Are you ready for the best? #P2E game of the year? 🔥
Earn $PLAY tokens and choose wisely what you feed your PlayDoge! 🌶️
LAST CHANCE TO BUY! 👇 pic.twitter.com/L3vML5z3xi
— PlayDoge (@PlayDogeGame) August 13, 2024
Anyone looking to acquire PlayDoge at this early stage can do so via the simple purchase widget embedded on the project’s website. Priced at $0.00529, the token can be purchased using ETH, USDT, BNB, or a bank card. Investors can also stake their newly purchased PLAY tokens for passive rewards, given the 76% annual yield offered during the PLAY presale.
Buy & Bet PLAY here for up to 76% annual rewards.
Related articles:
PlayDoge (PLAY) – Latest Launch on BNB Channel
- Virtual Pet Dog 2D
- Play to win Meme Coin Fusion
- Staking and In-Game Token Rewards
- SolidProof Audit – playdoge.io
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