Dogwifhat, Pepe and Dogecoin All Spike As Crypto Market Cap Gains 7% – Is It Time to Buy Meme Coins?
In a week marked by a notable 7% gain in the overall crypto market cap, meme coins such as Dogwifhat, Pepe, and Dogecoin have experienced significant spikes.
Dogwifhat, currently priced at $3.27, and Pepe at a mere $0.000009, are drawing attention alongside Dogecoin, which has climbed to $0.162.
Amidst this upward trend, the recent Sealana presale on the Solana blockchain, securing $237K, signals growing investor interest in emerging meme coins.
Dogwifhat Price Chart – Source: TradingviewDogwifhat, a new cryptocurrency, is trading at $3.27 after a 3.71% dip. It ranks 35th by market cap, valued at over $3.26 billion, with nearly one billion WIF coins in circulation.
Analyzing the technical outlook, Dogwifhat’s price hovers near a critical pivot point at $3.50 on the 4-hour chart. This level serves as a fulcrum for potential price movements, with current indicators suggesting a tentative stance among traders.
If Dogwifhat sustains above this pivot, it could face immediate resistance levels at $3.87, followed by $4.24 and $4.64. These markers will test the asset’s ability to maintain upward momentum.
Conversely, should it fail to uphold the $3.50 mark, Dogwifhat might retreat towards lower support levels at $2.97, $2.64, and then $2.25, which could stabilize any further price declines. The Relative Strength Index (RSI) is positioned at 69, indicating a slight lean towards overbought conditions but still under the threshold that typically signals a sell-off.
This is complemented by the 50-day Exponential Moving Average (EMA) which currently stands at $2.91, underscoring a generally bullish trend over recent weeks.
Conclusion: Dogwifhat’s current position suggests the potential for higher climbs if it can robustly hold above its
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