Bittime - Dogwifhat (WIF) is one of the rising meme coins in 2024. The Solana-based meme coin managed to surge 50% to $2.1459 (USD 33,688,000) at 3:15 a.m. EST with trading volume increasing by nearly 200%.
This price surge comes after the world's largest crypto exchange, Binance, announced it would list WIF on its platform. This announcement put WIF in the spotlight and attracted the interest of many investors.
WIF was also able to survive amid another meme coin market downturn, triggered by Bitcoin's fluctuations on March 6. WIF even set a new record high of $2.23 (IDR 34,938,000) on the day, showing its strength and potential.
Will List on Coinbase
Not only Binance, there is also news that Coinbase, one of the most popular crypto exchanges in the US, also plans to list WIF in the near future. If this materializes, then WIF could get an even bigger boost.
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Dogwifhat Price Analysis
Dogwifhat price is currently in a bullish trend, moving above the ascending parallel channel. The opportunity to continue to rise is still open, as can be seen from the position of the Relative Strength Index (RSI) which is at 65, indicating that WIF has not been overbought.
The RSI that tends to rise also indicates that bullish momentum is still strong. It is also reinforced by the large green histogram bars on the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD) which are in positive territory. In addition, the MACD is well above the signal line (orange line), which signals a solid bullish cycle.
High buying pressure could make Dogwifhat price break through resistance on the midline of the channel. If successful, then WIF could head to the high range of $2,2231 (IDR 34,789,000). In a very bullish scenario, WIF could even continue its rise until it reaches the level of $2,5000 (IDR 39,125,000).
Also Read How to Buy Crypto:
Potential Down
However, if the sell-off dominates, the Dogwifhat price could drop and lose support at the bottom line of the channel at $1.9482 (USD 30,481,000). If this happens, then WIF could experience a deeper correction.
According to Lark Davis, a crypto expert and influencer, meme coins are still the most interesting crypto niche. He said that the meme coin has a strong appeal for retail investors, who are looking for quick and big profits.
With the crypto market resurgence after the crisis on Tuesday, the Dogwifhat price could maintain its bullish cycle, potentially setting a new record high above $2.2498 (USD 35,210,000).
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How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the Complete Guide on How to Buy Crypto on Bittime.
Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
What is Dogwifhat (DOGWIFHAT)? Digital Financial Transaction Solutions
Dogwifhat (WIF) Achieves Latest ATH, What's Next?
Dogwifhat (WIF) Price: Until When Did This Bullish Trend Occur?
Dogwifhat (WIF) Price Predicted to Increase by 173%! When is the time?
Dogwifhat (WIF), Solana Network's Memecoin Soars 200%
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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