Solana’s meme coin, DogWifHat, finally portrays a positive price ascent. The token is up 29% in the past 24 hours, after dipping to new lows in March.
The crypto market is currently experiencing the throes of price corrections and volatility spurred by the ongoing Iran-Israel war. The repercussions of the war resulted in major volatility across the crypto domain, leading major coins like Bitcoin to drop and touch $63K.
However, the price volatility has slightly decreased over the last 24 hours, helping Bitcoin regain its $67K price threshold. With the event of Bitcoin halving approaching, the leading cryptocurrencies are yet again gaining their strength back. WIF is now trading at a $2.88 price pedestal, fueling hopes for the token to breach past critical price resistance levels and claim the $5 price mark soon.
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DogWifHat $5 Dream: When Will It Happen?
Amid the stark geopolitical tensions, DogWifHat has emerged as the biggest gainer out of its leading contemporaries and peers. The token has gained nearly 15% in the last 12 hours, per the latest CMC statistics.
According to CoinCodex, a leading crypto analytics platform, WIF is expected to surge 50% by April 21, 2024. The token could trade at the $4.45 mark if market volatility and sentiment support its ascent.
“The Dogwifhat price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Dogwifhat projections, WIF will be changing hands at $4.45 on April 21, 2024, gaining 50.92% in the process.”
Similarly, the platform adds another positive price prediction for WIF, fueling hopes for the entire WIF community. The platform predicts WIF to surge by a whopping 239% by May 14, 2024.
“According to our current Dogwifhat price prediction, the price of Dogwifhat is predicted to rise by 239.17% and reach $10.00 by May 14, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 72 (greed). Dogwifhat recorded 13/30 (43%) green days with 21.13% price volatility over the last 30 days.”
The platform further predicted WIF’s critical price levels, at which the token may experience maximum price resistance and blockages.
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“Based on today’s classical pivot point (P1) with the value of $2.40, Dogwifhat has support levels of $1.940346, $1.527583, and the strongest at $.072916. Similarly, Dogwifhat resistance levels are at $ 2.81, $ 3.26, and $ 3.68.”