dogwifhat

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<p>The meme coin market has witnessed another surge as dogwifhat (WIF) price pumped over 50% last week.</p>
<p><a href="https://captainaltcoin.com/meme-coin-prices-explode-dogwifhat-wif-leads-the-rally/" target="_blank" rel="noopener noreferrer nofollow">The way that WIF is trading</a> raises concerns about both its future development potential and place in the market relative to other meme coins. Still, questions remain on how such quick profits in the crypto market can be sustained.</p>
<h2 class="wp-block-heading" id="strong-wif-price-analysis-strong"><strong>WIF Price Analysis</strong></h2>
<p><a href="https://www.coingecko.com/en/coins/dogwifhat" target="_blank" rel="noopener noreferrer nofollow">WIF’s price trades at around $2.80</a>, with a daily trading volume of over $600 million. The token has had an 11% uptick in the last day and over 55% rise over the past week.</p>
<p>A closer look at the WIF’s daily chart reveals interesting insights. The price is trading near the middle Bollinger Band, indicating a consolidation phase. Wide Bollinger Bands suggest high market volatility.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfYHUZ127Jj8v7oVUPK6Ol_2kDsi736cOyhbl-Vz8Jn4YmXBmCXVePgpLbnl_OKuYbW4V1TeX5eKO8NwVDAWUiy1FmmgjiRsWp7dKVWTCqeEdHDcrF-SgAyy6l5JEEt3oPj1kE07OG2RSYOvQcDAB2FKhtc?key=xXxBB8zLGfqfV7h9Ey-7_w" alt="">
 <figcaption class="wp-element-caption"><strong><em>Source:</em></strong><a href="https://www.tradingview.com/x/9sf72Mel" target="_blank" rel="noopener noreferrer nofollow"><strong><em>TradingView</em></strong></a>
 </figcaption>
</figure>
<p>Additionally, the price remains above both the 50-day and 100-day Exponential Moving Averages, hinting at potential bullish momentum.</p>
<p>The WIF price has found support around the 50% Fibonacci retracement level of $2.296. A move above the 61.8% level could signal a potential rally towards the 78.6% level. Consequently, this might lead to a retest of the previous high around $4.870.</p>
<p>The Moving Average Convergence Divergence line is in positive territory, indicating bullish momentum. Furthermore, the positive histogram supports a bullish outlook. However, the signal line’s proximity to the MACD line suggests cautious momentum.</p>
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<p><em><strong>Read also: <a href="https://captainaltcoin.com/will-bitcoin-btc-price-break-73k-this-week/" target="_blank" rel="noopener noreferrer nofollow">Will Bitcoin (BTC) Price Break $73k This Week?</a></strong></em></p>
<p>WIF’s recent performance has sparked debates about its long-term potential. The token’s market cap raises questions about its ability to achieve multiple X returns this year.</p>
<p>In other words, despite recent WIF price explosion, you might want to look elsewhere if you are chasing that 10-50x game.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/dogwifhat-wif-price-explodes-50-but-is-this-the-best-meme-coin-to-buy-now/" rel="noopener noreferrer nofollow">dogwifhat (WIF) Price Explodes 50%, But Is This the Best Meme Coin to Buy Now?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

dogwifhat (WIF) Price Explodes 50%, But Is This the Best Meme Coin to Buy Now?

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