The Dogwifhat price slumped 12% in the last 24 hours to trade for $1.6595 as of 01:38 a.m. EST on trading volume that soared 13%.
WIF followed the broader market south as altcoins dump in the wake of Bitcoin weakness.
Dogwifhat Price Prediction
The Dogwifhat price remains bearish below the foothold of the trendline of the Fibonacci retracement indicator. Prospects for more losses remain high, with the Relative Strength Index (RSI) below the mean level of 50.
In the same way, the Moving Average Convergence Divergence (MACD) is teasing with a pending sell signal. This will be executed once it decisively crosses below the signal line (orange band).
If this happens, the Dogwifhat price could extend the fall, clearing the range low of $1.5020. A lower low relative to this threshold would confirm the continuation of the downtrend.
GeckoTerminal: WIF/USD 1-day chart
On the flip side, if the $1.5020 support level holds, the Dogwifhat price could recover. A strong break above the resistance due to the trendline would be ideal, but the WIF token would still be at risk. This is because even above the trendline, it would still need to confront resistance due to the Fibonacci Golden Zone. In a northbound directional bias, therefore, only a candlestick close above the 38.2% Fibonacci retracement level of $3.6178 would invalidate the bearish thesis.
With the Dogwifhat price likely facing further downside, some meme coin lovers are turning to a hot new presale called WienerAI (WAI), which has rocketed past $7.2 million in funds raised.
YouTuber Jon Trading says it is the top AI crypto meme coin in 2024.
Promising Alternative To Dogwifhat
WAI is the native cryptocurrency behind the WienerAI ecosystem, bringing forth a hybrid token that leverages its AI capabilities to emulate the success of other canine meme coins like Doge and SHIB.
It’s a unique combination of meme coin and advanced AI tech, with a bit of processed meat humor thrown into the mix.
WienerAI assembling!
Join the revolution and let our AI supercharge your trading strategy 🌭🩻 pic.twitter.com/1pTwbvFdoC
— WienerAI (@WienerDogAI) July 5, 2024
WienerAI will soon launch a trading bot for token holders that uses predictive technology and a user-friendly interface to provide advice on when to buy and sell crypto.
Are you ready to meet your AI trading self?
Unleash the power of WienerAI and transform your trading game! 🌭🤖 pic.twitter.com/DU2BJdZLGG
— WienerAI (@WienerDogAI) July 4, 2024
The WienerAI project is somewhat similar to another earlier hybrid meme coin/AI crypto called Scotty the AI (SCOTTY). It amassed over $10 million in funds.
WAI token holders can earn passively through the platform’s staking option, which provides an annual percentage yield (APY) of 158%.
How staking your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
— WienerAI (@WienerDogAI) May 9, 2024
Each WAI token is currently selling for only $0.000726, but that’s a price tag that will only be on the shelves another 32 hours.
Don't be the one chasing your tail! 🐾
This is your chance to get into WienerAI before takeoff! 🌭🚀💰 pic.twitter.com/aSYEYDYPD3
— WienerAI (@WienerDogAI) June 25, 2024
So, act soon if you are interested before a price hike strikes. You can use ETH, USDT, or your bank card to make the purchase.
Buy WienerAI tokens here.
Also Read:
What Sets WienerAI Apart from Floki Inu? A Deep Dive into Meme Coin Differences
WienerAI Brings Novel Twist to Crowded Meme Coin Sector With Hotdog-Canine-AI Hybrid
WienerAI Price Prediction – $WAI Price Potential in 2024 and Beyond
Are Crypto Presales Worth It? The Pros and Cons You Need to Know!