Dogwifhat Price Drops While New Pepe-Inspired ICO Raises $42M

The Dogwifhat worth dropped 3% within the final 24 hours to commerce at $2.10 as of 11:18 p.m. EST on buying and selling quantity that soared 8% to $328 million.

Dogwifhat Value Goals For A Decisive Breakout

The WIF worth evaluation on the 4-hour timeframe shows a notable downtrend that occurred after the worth broke beneath the 50-day Easy Transferring Common (SMA) and subsequently crossed beneath the 200-day SMA. 

This occasion, generally known as a “dying cross,” usually indicators the start of a bearish part.

After the decline, the Dogwifhat worth consolidated inside a well-defined assist zone between roughly $1.74 and $2.1, in response to GeckoTerminal knowledge. 

The following consolidation, characterised by sideways motion and diminished volatility, suggests the market reached a short lived equilibrium as promoting strain subsided.

Not too long ago, the worth of Dogwifhat broke out of this vary and moved above the 50-day SMA, now sitting at $2.10. Nonetheless, it’s nonetheless buying and selling beneath the 200-day SMA, which is appearing as a resistance at $2.47. The breakout from the consolidation field hints at a possible pattern reversal.

In the meantime, the Relative Power Index (RSI) is at the moment at 54.62, barely above the impartial 50 stage. This implies a light bullish momentum however doesn’t point out overbought situations, leaving room for additional upward motion.

WIF Value Prediction

The Dogwifhat worth pattern exhibits early indicators of a restoration, however important resistance ranges stay. 

If the worth of Dogwifhat efficiently breaks above the 200-day SMA at $2.47, it may set off a bullish rally, probably concentrating on the following resistance stage round $3.00.

On the draw back, failure to keep up above the 50-day SMA ($1.97) may end in a retest of the $1.70 assist zone, particularly if market sentiment turns bearish.

Whereas the chart exhibits promise for a possible restoration, merchants ought to monitor the 200-day SMA breakout for affirmation of sustained bullish momentum.

Because the Dogwifhat worth goals for a transparent breakout, buyers are additionally shopping for up a brand new frog-themed Pepe spinoff known as Wall Road Pepe (WEPE). Crypto influencer ClayBro, with over 134k subscribers, says it may soar 100x after launch.

Wall Road Pepe Presale Amasses Over $42 Million In Presale

Wall Road Pepe’s success comes onerous on the heels of Pepe Unchained’s blockbuster $74 million presale, and 7x returns inside 48 hours of launch. WEPE appears to be like set to observe in its footsteps and is outpacing it by funds raised on the identical stage of presale. It’s already raised greater than $42 million in a bit of greater than a month.

Wall Road Pepe goals to convey the identical superior buying and selling instruments typically used on Wall Road to on a regular basis crypto merchants. $WEPE token holders can have entry to useful buying and selling indicators, displaying when to purchase and promote to make earnings from unstable tokens.

Gone fishing. Whales get rekt. 🐸⚔️ pic.twitter.com/j1pL9yLQKL

— Wall Road Pepe (@WEPEToken) January 5, 2025

Wall Road Pepe will even present insights into tokens and meme coin picks, providing detailed analysis usually accessible solely to Wall Road buyers.

The $WEPE token additionally presents a passive revenue alternative by means of its staking characteristic, which delivers a stellar 30% annual share yield (APY).

You’ll be able to purchase a $WEPE Token from the official web site right here for $0.00036642 utilizing ETH, USDT, or a financial institution card. 

Purchase earlier than a worth hike in lower than 16 hours to lock in one of the best deal.

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