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

Dogwifhat’s price fell 3% over the past 24 hours to trade at $2.10 as of 11:18 p.m. EST on trading volume that climbed 8% to $328 million.

Dogwifhat Price Aims for Breakthrough

THE WIF Price The 4-hour time frame analysis shows a notable downtrend that occurred after price fell below the 50-day simple moving average (SMA) and then moved below the SMA of 200 days.

This event, commonly called a “death cross”, generally signals the start of a bearish phase.

After the decline, Dogwifhat price consolidated in a well-defined support zone between around $1.74 and $2.1, according to GeckoTerminal data.

The ensuing consolidation, characterized by sideways movement and reduced volatility, suggests that the market reached a temporary equilibrium as selling pressure eased.

Recently, Dogwifhat price broke out of this range and crossed above the 50-day SMA, now sitting at $2.10. However, it is still trading below the 200-day SMA, which acts as resistance at $2.47. The exit from the consolidation zone suggests a potential trend reversal.

Meanwhile, the Relative Strength Index (RSI) is currently at 54.62, slightly above the neutral level of 50. This suggests slight bullish momentum, but does not indicate overbought conditions, leaving room for a new upward movement.

WIF Price Prediction

The Dogwifhat price trend is showing early signs of recovery, but significant resistance levels remain.

If Dogwifhat price manages to rise above the 200-day SMA at $2.47, it could trigger a bullish rally, potentially targeting the next resistance level around $3.00.

On the other hand, failure to sustain above the 50-day SMA ($1.97) could result in a retest of the $1.70 support zone, especially if market sentiment turns bearish.

Although the chart shows a promising potential recovery, traders should watch for the breakout of the 200-day SMA to confirm sustained bullish momentum.

As Dogwifhat price targets a clean breakout, investors are also buying a new frog-themed Pepe derivative called Wall Street Pepe (WEPE). Crypto influencer ClayBro, with over 134,000 followers, says it could grow 100-fold after launch.

Wall Street Pepe Presale Raises Over $42 Million in Presales

Wall Street success Pepe follows closely Pepe Unchained a blockbuster $74 million pre-sale and 7x returns within 48 hours of launch. WEPE seems ready to follow in its footsteps and is ahead of it thanks to the funds raised at the same stage of the pre-sale. It has already raised more than $42 million in just over a month.

Wall Street Pepe aims to offer everyday crypto traders the same advanced trading tools often used on Wall Street. $WEPE token holders will have access to valuable trading signals, indicating when to buy and sell to profit from the volatile tokens.

I went fishing. Whales are spotted. 🐸⚔️ pic.twitter.com/j1pL9yLQKL

– Pépé de Wall Street (@WEPEToken) January 5, 2025

Wall Street Pepe will also provide information on tokens and meme coin picks, offering detailed research typically only available to Wall Street investors.

The $WEPE token also provides a passive income opportunity through its staking feature, which offers an exceptional annual percentage yield (APY) of 30%.

You can buy $WEPE token from the official website here for $0.00036642 using ETH, USDT or bank card.

Buy before a price increase in less than 16 hours to get the best deal.

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