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Dogwifhat ($WIF) Has Recorded 12% Gains for The 2nd Day in a RowDogwifhat ( CRYPTOCAP:WIF ) has recorded 12% gains for the second day in a row, with daily trading volume crossing $1.5 billion in the latest rally. The number of CRYPTOCAP:WIF holders increased by 6.7% in the past 30 days. If the price closes above the $4 mark, it could confirm a bullish breakout, potentially driving CRYPTOCAP:WIF to new highs above $5 by the end of the month. Dogwifhat's ( CRYPTOCAP:WIF ) market cap has soared past $4.0 billion, and daily trading volumes have surged by 30%. In the past seven days, CRYPTOCAP:WIF has demonstrated remarkable performance, being 15 times stronger than $ETH. Over the past 30 days, CRYPTOCAP:WIF saw a 6.7% increase in the number of token holders, indicating that investors are buying the dip. Additionally, the token experienced a positive net flow, with $162 billion in buying volume compared to $158.8 billion in selling volume. The Dogwifhat ( CRYPTOCAP:WIF ) price surged more than 30%, nearing the $4 mark, just 12% shy of its all-time high. Given the current market trend, it seems the bulls maintain a strong hold on the rally, potentially driving the price to test the current ATH soon. To confirm a bullish breakout near the current ATH of approximately $4.65, the price needs to close the daily trade above the ascending trend line around $4. Market sentiment continues to favor crypto, with volume remaining under bullish influence. The Dogwifhat price ( CRYPTOCAP:WIF ) is expected to stay elevated in the coming days, with a fresh bullish push towards new highs above $5 by the end of the month.
by DEXWireNews
WIF - Pump is about to startBINANCE:WIFUSDT (1D CHART) Technical Analysis Update WIF is currently trading at $3.74 and showing overall bullish sentiment. Price has broke out from the triangle and the resistance zone which is a bullish sign. We can expect a minor traceback and then continue the pump. Entry level: $ 3.74 Stop Loss Level: $ 2.67 TakeProfit 1: $ 4.5 TakeProfit 2: $ 5.4 TakeProfit 3: $ 7.2 TakeProfit 4: $ 8.8 TakeProfit 5: 10.6 Max Leverage: 5x Position Size: 1% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
1
🚨ALTSeason Alert🚨: Why It's Imminent ??The cryptocurrency market is buzzing with anticipation as many analysts and traders believe an altseason is on the horizon. Altseasons are periods in the market cycle when altcoins (alternative cryptocurrencies) outperform Bitcoin (BTC), the leading digital asset. Several factors suggest that an altseason could be imminent, and this article will explore these indicators and highlight promising altcoins to watch. Altseason Index Signaling a Shift: The Altseason Index, a metric that tracks the relative performance of altcoins against Bitcoin, currently indicates a Bitcoin dominance-led market. However, the index is approaching a critical inflection point where it could break below its trendline, signaling a potential altseason. Bitcoin Dominance Poised for a Breakout: Bitcoin's dominance, which represents its share of the total cryptocurrency market capitalization, has been trading within an ascending wedge pattern. This pattern suggests a potential breakout, with a downward move indicating a shift of power towards altcoins. A decline in dominance below 40% is often considered a hallmark of an altseason. Bitcoin dominance chart showing an ascending wedge pattern Ethereum (ETH) Gaining Strength: The ETH/BTC price ratio, which measures the relative performance of Ethereum (ETH) against Bitcoin, has been on an upward trend. This trend suggests that ETH is gaining strength relative to BTC, potentially signaling a shift in market sentiment towards altcoins. ETH/BTC price ratio chart showing an uptrend WIF (WazirX India Token) Poised for a Breakout: WIF, a cryptocurrency native to the WazirX exchange platform, has been forming a massive ascending triangle pattern on the daily timeframe. This pattern suggests a potential breakout towards $10, making WIF a promising altcoin to watch for the upcoming altseason. WIF/USDT chart showing an ascending triangle pattern Additional Factors Supporting an Altseason: Increased Institutional Interest in Altcoins: Institutional investors are showing growing interest in altcoins, as evidenced by rising investment inflows and the launch of altcoin-focused products. Strong Fundamentals of Many Altcoins: Numerous altcoins have strong underlying fundamentals, innovative use cases, and active developer communities, making them attractive investment opportunities. Market Sentiment Favoring Riskier Assets: The overall market sentiment is shifting towards riskier assets, which could benefit altcoins as investors seek higher potential returns. Conclusion: While the exact timing of an altseason cannot be predicted with certainty, the confluence of several indicators suggests that it is imminent. Altcoins like WIF, with strong technical patterns and solid fundamentals, are poised to make significant gains during this altseason. However, it is crucial to exercise caution and conduct thorough research before investing in any cryptocurrency.
Long
by Yaroslav_Krasko
1
WIF: Potential Bull Flag BreakoutHey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. WIF recently broke out of a bull flag-like pattern and is currently retesting the breakout zone. This could be a sign of continued bullish momentum. Accumulate here. Possible Entry & Targets: Entry: $2.76-$2.86 Potential Targets: $3.22, $3.58, $3.84, $4.20 Stop-Loss: $2.58 Lev: 5x Let's Discuss! What are your thoughts on WIF's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
2
Alikze »» BONK | Wave 3 or C scenarioIn the daily time, it is moving in an ascending channel. It is currently on the roof of the channel. 💎 According to the current momentum, this movement can have another growth with the support of the green box area, with the breaking of the channel as much as the width of the channel. 💎 This bullish step can be wave 3 or bullish C after a three-wave combination correction. 💎 In addition, if the green box breaks down, the continuation of the upward movement will be invalid and must be reviewed and updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
Alikze »» BABYDOGE | Ready to retest the supply areaAccording to the previous analysis, which was checked in the weekly time frame, until the dynamic trigger continued its growth, after which it faced a combined correction. 💎 Currently, in the 8H time frame, after a rise to the supply range and the constructed neckline, it has faced a correction to the green box area. 💎 Now it is inside a corner pattern in the green box range, which can grow up to 0.000000001864 in the first step and retest the dynamic trigger and the supply area again. 💎 Alternative scenario: if the green box is broken, it can continue the correction up to 0.000000001500 until the previous OB. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
2
Alikze »» FLOKI | Negative divergence in 1HIn 1 hour time, it is moving in an ascending channel. It is currently within the range of the channel ceiling and the supply area. According to the divergence that exists, a correction to the middle of the channel and the bottom of the green box range can be done. 💎 If it breaks the supply range, this divergence will be invalid. So for now I expect it to have another correction inside the channel and after it is finished it can move as wide as the channel to the next supply range. 💎 Alternative scenario: if the green box is broken, the upward path of the currency will be a little difficult and may face further correction. If the behavior and structure of the post changes, it will be updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
by alikze
MEME COIN CYCLE - Total Meme Coin MC to $420BWe do not yet have a Meme Coin Market Cap index in TradingView but I am expecting Meme Coin Total Market Cap to reach ~$420B Market Cap at pico cycle top this cycle Reasons: - CRYPTOCAP:DOGE is basically playing out the 'OTHERS' market cap chart, just a cycle behind. -Instead of CRYPTOCAP:DOGE , you can change this to the Meme Coin market cap chart ( CRYPTOCAP:DOGE was basically the only meme coin in 2020 - CRYPTOCAP:SHIB came later). Currently Meme Coin Total Market Cap as of today 5/23/2024 is GETTEX:61B Market Cap ( CRYPTOCAP:DOGE MC is currently $23B) -2017 - #OTHERS MC peaked at GETTEX:70B MC. -2021 - #OTHERS MC peaked at 450B MC. -2021 - CRYPTOCAP:DOGE MC peaked at GETTEX:70B MC. -2024 - Meme Coins MC predicted to peak at ~$420B MC. CRYPTOCAP:DOGE , CRYPTOCAP:SHIB , CRYPTOCAP:PEPE , and CRYPTOCAP:WIF market cap index limited history, is the bright green line chart. Price is fractal, studying Market Caps is the alpha-leak. gl hf, make sure to book profits, NFA. - @CryptoCurb
CRYPTOCAP:OTHERSLong
by CryptoCurb
Dogwifhat Tumbles 12% On Multiple FactorsDogwifhat ( CRYPTOCAP:WIF ), a dog-themed meme coin, has experienced a significant drop in price due to various factors. The price tumbled over 12% in the last 24 hours, with the current trading price at $2.58. The decline in the crypto market is attributed to meme coins such as CRYPTOCAP:WIF , BOME, PEPE, and FLOKI. Whales and traders are selling Dogwifhat ( CRYPTOCAP:WIF ) to book profits early as GameStop and AMC Theatres prices tumbled after a recent FOMO for upside. GameStop price fell after a spectacular rally last week, dropping more than 20% today after hitting a 52-week high of $64.83. A whale sold 732,481 CRYPTOCAP:WIF worth $1.85 million, purchasing the CRYPTOCAP:WIF holdings for $2.18 million but selling them at a loss. Other whales have also reflected the same sentiment to offload their holdings in $WIF. Crypto analysts have pointed out $2.5 as the crucial support level to watch, with the next drop around $1.6 if CRYPTOCAP:WIF loses this level. The meme coin hype was triggered by GameStop's rally, and as the NYSE:GME price fell, so did the meme coins including BOME, PEPE, and FLOKI prices. Derivatives traders have not started selling CRYPTOCAP:WIF , and the CRYPTOCAP:WIF exchange futures open interest rose nearly 5% in the past 24 hours. High confidence in derivatives traders could drive market action next week, with traders likely to crash CRYPTOCAP:WIF next week if the crucial support is broken. Technical Outlook Dogwifhat ( CRYPTOCAP:WIF ) token is down 8.8% as of the time of writing trading within the oversold region with the Relative Strength Index (RSI) sitting at 31.16. Technical indicators like the Moving Averages (MA), and Moving Average convergence Divergence (MACD) posit a bearish trend looming ahead for $WIF.
by DEXWireNews
2
WIF looks bearishThe large structure looks like a diametric that is now in wave D of this large diametric. Wave D itself looks like an ABC, we are now in wave b of D. Wave b also seems to be a diametric that we are now in wave e of this diametric. We have specified the fluctuations we expect from WIF on the chart. By maintaining the red range, it can drop further down. We are looking for sell/short positions in the red range. The targets are clear on the chart. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
4
Dogwifhat Price Surges 10% Flips two Ethereum L2s on Market CapDogwifhat ( CRYPTOCAP:WIF ), a meme coin, has risen nearly 10% to become the largest gainer among the top nine Ethereum Layer 2 (L2) networks, Optimism and Arbitrum. The rise in Dogwifhat's price follows the recent surge of Pepe ( CRYPTOCAP:PEPE ) and Cat in a Dogs World ($MEW), as Solana-based meme coins lead the sector. Solana's fast and scalable blockchain technology has contributed to the success of meme coins built on the platform, such as CRYPTOCAP:WIF , $MEW, and Bonk Inu ( SEED_DONKEYDAN_MARKET_CAP:BONK ). With low transaction fees and high processing speeds, Solana provides an attractive environment for meme coin projects to operate efficiently and engage with a large audience. Optimism and Arbitrum are among the most famous L2 scaling solutions on Ethereum due to their reduced transaction costs, compatibility with Ethereum Virtual Machine (EVM) and existing Ethereum smart contracts, and prioritization of security and decentralization through mechanisms like optimistic rollups. Several prominent decentralized finance (DeFi) projects and decentralized applications (dApps) have integrated with Optimism and Arbitrum, highlighting their practical utility and effectiveness. Community backing has also helped raise awareness and adoption of Optimism and Arbitrum. However, the contention between Ethereum Layer 2 chains and Solana on matters of scalability continues. Transaction costs were significantly lowered by Ether's Dencun upgrade, and while the hard fork on the Ethereum mainnet has reduced fees for chains like Optimism and Base relative to Solana, critics argue that this may change with competition among Layer 2 chains.
Long
by DEXWireNews
Dogwifhat (WIF) Futures Debut on Coinbase Fails to Ignite RallyThe eagerly anticipated listing of Dogwifhat ( CRYPTOCAP:WIF ) perpetual futures on Coinbase International Exchange and Coinbase Advanced stirred excitement among crypto enthusiasts, yet failed to catalyze a significant rally for the beloved dog-themed meme coin. Despite the fanfare surrounding its debut, CRYPTOCAP:WIF struggled to mirror the explosive surge witnessed by its counterparts, plummeting by 7.44%. Underwhelming Response Amidst Market Turbulence In contrast to the notable rally witnessed following PEPE's futures listing in April, the unveiling of WIF perpetual futures on Coinbase failed to garner the same fervent response from investors. While limit, market, and stop limit orders became available for the token's futures contract, enthusiasm waned as US customers found themselves unable to participate in the trading frenzy on Coinbase's platforms. Although CRYPTOCAP:WIF experienced a modest uptick of 0.9% post-listing, the absence of a substantial price surge indicated a broader hesitance among investors to leverage the futures debut as a bullish signal. This tepid response can be attributed, in part, to the prevailing downturn in the crypto market, where many assets, including meme coins, have faced stagnation amid fluctuating market conditions. Coinbase's Stance and Ongoing Support Despite the subdued market reaction, Coinbase continues to demonstrate its commitment to nurturing emerging cryptocurrency projects on its international platforms. With plans to introduce Aevo, Ethena, and Etherfi perpetual futures on May 2, Coinbase reaffirms its role as a catalyst for innovation within the crypto ecosystem. The platform's proactive approach towards supporting nascent projects underscores its dedication to fostering growth and diversity within the burgeoning crypto marketplace. Navigating Market Volatility and Future Prospects As meme coins navigate the complexities of market volatility and investor sentiment, the debut of CRYPTOCAP:WIF perpetual futures on Coinbase serves as a microcosm of the evolving landscape of meme coin investments. While some projects may experience meteoric rises, others may encounter more subdued receptions, reflecting the multifaceted nature of investor behavior and market dynamics. In the face of ongoing market fluctuations, the resilience and adaptability of meme coins will be tested, with projects seeking to differentiate themselves and capture the imagination of investors amidst a crowded digital landscape. As WIF and its contemporaries navigate the road ahead, their ability to innovate, capture market sentiment, and foster community engagement will ultimately shape their trajectory in the ever-evolving world of cryptocurrency. A Reflection of Market Realities The debut of Dogwifhat ( CRYPTOCAP:WIF ) perpetual futures on Coinbase represents a pivotal moment for the meme coin community, highlighting both the potential and challenges inherent in meme coin investments. While the futures listing failed to trigger a significant rally, it serves as a poignant reminder of the nuanced dynamics at play within the crypto market, where investor sentiment, market conditions, and platform support converge to shape the trajectory of emerging projects. As the crypto landscape continues to evolve, CRYPTOCAP:WIF and its peers stand poised to navigate the complexities of market volatility and emerge as resilient contenders in the ever-expanding world of cryptocurrency.
by DEXWireNews
WIF/USDT 4HOUR CHART UPDATE !!Hello friends, welcome to this WIF/USDT update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the WIF/USDT 4-HOUR update. Currently, WIF is traversing within the confines of a symmetrical triangle pattern. Recent price action indicates rejection from the resistance trendline, where both the MA 100 and the Ichimoku cloud have acted as formidable barriers. The Relative Strength Index (RSI) is positioned within the neutral zone, signaling a state of equilibrium between buying and selling pressures. As the price oscillates within this geometric formation, investors and traders are advised to exercise patience and await a decisive breakout or breakdown of the triangle, as this will confirm WIF's next directional move. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563