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Dogwifhat (WIF) Price Shoots 13% Amid Whale Accumulation, More Steam Left? (note: the post contains data by CoinGape) Dogwifhat (WIF), the fourth largest meme coin by market cap, is on a strong upward trajectory once again gaining over 12.97% in the last 24 hours. As of press time, the Dogwifhat (WIF) price is trading at $3.25 with a market cap of $3.240 billion, and is just short of overtaking PEPE Coin as the third-largest meme coin in the market. According to insights from Lookonchain, a significant transaction occurred five hours ago, with a whale spending 4.2 million USDC to purchase 1.4 million WIF tokens at a price of $2.99. This particular whale has a history of early trading with WIF tokens and has accrued a total profit of over $8 million through these transactions. Moreover, investors in the derivatives markets continue to inject more capital into WIF futures contracts for Dogwifhat, fueled by optimism that Solana’s coveted meme coin will resume its upward trajectory in the near future. Investors are expecting the Dogwifhat (WIF) price rally to continue if the bulls strike further. Examining potential resistance areas, the upper band Bollinger indicator pinpoints the $3.40 territory as the upcoming significant hurdle. A definitive breakthrough from this resistance cluster could propel the WIF price above $4, as anticipated. On the downside, $2.5 remains a major support as of now. Breaking this below can lead to bears taking the upper hand. #altcoins #Memecoins #CryptoWatchMay2024 #BinanceLaunchpool #WIF🔥🔥 $WIF

Dogwifhat (WIF) Price Shoots 13% Amid Whale Accumulation, More Steam Left?

(note: the post contains data by CoinGape)

Dogwifhat (WIF), the fourth largest meme coin by market cap, is on a strong upward trajectory once again gaining over 12.97% in the last 24 hours. As of press time, the Dogwifhat (WIF) price is trading at $3.25 with a market cap of $3.240 billion, and is just short of overtaking PEPE Coin as the third-largest meme coin in the market.

According to insights from Lookonchain, a significant transaction occurred five hours ago, with a whale spending 4.2 million USDC to purchase 1.4 million WIF tokens at a price of $2.99. This particular whale has a history of early trading with WIF tokens and has accrued a total profit of over $8 million through these transactions.

Moreover, investors in the derivatives markets continue to inject more capital into WIF futures contracts for Dogwifhat, fueled by optimism that Solana’s coveted meme coin will resume its upward trajectory in the near future.

Investors are expecting the Dogwifhat (WIF) price rally to continue if the bulls strike further. Examining potential resistance areas, the upper band Bollinger indicator pinpoints the $3.40 territory as the upcoming significant hurdle. A definitive breakthrough from this resistance cluster could propel the WIF price above $4, as anticipated.

On the downside, $2.5 remains a major support as of now. Breaking this below can lead to bears taking the upper hand.

#altcoins #Memecoins #CryptoWatchMay2024 #BinanceLaunchpool #WIF🔥🔥

$WIF

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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Pepe (PEPE) price prediction (note: the post contains data by CoinEdition) As of writing, the price of PEPE was $0.0000083. This value was a 4.90% increase in the last 24 hours. Within the same period, the trading volume increased by 25% and hit $765.90 million. At the time of writing, volatility around PEPE had begun to increase. This was shown by the Bollinger Bands (BB). An increase in volatility might give way to a price increase.  Furthermore, none of the bands tapped PEPE’s price, indicating that the token was neither overbought nor oversold. In a highly bullish case, the price of PEPE might extend to $0.0000087. However, if profit-taking takes place, PEPE might fall to $0.0000076. On the daily timeframe, 50 EMA (blue) had crossed over the 200 EMA (yellow). This is termed a golden cross and it is a bullish signal. This crossover happened when PEPE was $0.0000011, indicating that the long-term outlook for the token is a bullish one. Furthermore, this structure also implies that PEPE’s price might not slide below the $0.0000010 region in the long term. Thus, in 2024, PEPE is expected to surpass its all-time high, and a rally to $0.000017 could be the target. If PEPE drops below this point, it could plunge to $0.0000067.On the other hand, a bounce before it reaches the resistance may pave the way for a jump to $0.000010. #altcoins #Memecoins #BinanceLaunchpool #CryptoWatchMay2024 #pepe $PEPE
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Is BTC About to Crash Toward $56K or Will the Bulls Step in Soon? – Bitcoin analysis by CryptoPotato Following a modest bullish rebound from the substantial $59K support level, Bitcoin encountered selling pressure, retracing back to the critical 100-day moving average at $61K. Analysis of the 4-hour chart reveals heightened buying pressure near the critical $58K mark, resulting in a bullish surge toward the $66K threshold. However, increased selling pressure around $66K led to a noticeable downtrend, bringing the price back to the crucial $60K support region. Presently, sellers are attempting to push the price below the significant $60K support level and the lower boundary of the wedge. If successful, it could signify a more sustained bearish phase, targeting the critical $56K support region. However, considering the prevailing market sentiment, Bitcoin may continue consolidating or experience slight lower-level declines before gaining sufficient bullish momentum to initiate a fresh upward trend. Traders should closely monitor price movements around these key levels for potential shifts in market sentiment. #BTC #bitcoinhalving #CryptoWatchMay2024 $BTC
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Tellor (TRB): buy or sell? – price analysis by Finbold Tellor is a $355 million Oracle network and a direct competitor to Chainlink (LINK) in relaying off-chain data to cryptocurrencies. Notably, LINK has a $8.5 billion market cap – which is 24 times higher than this trending cryptocurrency. TRB trades at $141.72, with 198.6% gains from a local bottom of $42.73 reached on May 1. Following this surge, technical indicators show bullish momentum, which investors could see as both a buy and sell signal. In particular, the daily relative strength index (RSI) shows a staggering 81.78 overbought status, which often signals trend reversals. Moreover, the token trades nearly two times above the 30-day exponential moving average (30-EMA), currently making support at $76.48 after a breakout on May 2. Similar to the technical analysis, social indicators suggest a bullish momentum for Tellor, which could soon cause a trend reversal. On that note, Finbold gathered data from Santiment, showing TRB as the second-most trending cryptocurrency dominating the market’s social metrics. Interestingly, as the price surged, social volume and social dominance reached monthly highs of 15 and 0.1%. This evidences the cryptocurrency trending momentum, but peaking social metrics for low-cap cryptocurrencies often signal local tops and reversals. However, if the momentum continues, Tellor could see further growth, seeking higher capitalization as the protocol competes for demand and market share in a multi-billionaire market of Oracle solutions. #CryptoWatchMay2024 #altcoins #Tellor $TRB
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Is Shiba Inu (SHIB) Preparing for a Take-Off? – analysis by CoinPedia Memecoins have been performing well since the beginning of the month, regardless of the bearish pressure hovering over the crypto space. While most of them are thriving, Shiba Inu continues to remain under bearish pressure. However, this may not prevail for long, as the current trade setup suggests the price is gearing up for a fresh upswing.  As the daily chart suggests, the SHIB price is trading within a descending parallel channel but appears to have found support at the ascending trend line. The bulls are trying hard to trigger a rebound but the price may break from the trend line for a while as the Ichimoko clouds continue to remain bearish. However, the Senkou Span B or Lead Span B line has triggered a bullish divergence, which suggests a strong bullish trend may soon begin and within a bullish crossover, the upswing will be validated.  On the other hand, the DMI levels continue to converge without letting out any specific signals. Meanwhile, the ADX is close to the lower threshold, which suggests the strength of the rally could soon rise, which may compel a bullish crossover between +Di & -Di levels. This may eventually lift the Shiba Inu price above $0.000025, which may pave the way for the price to reach the crucial resistance zone between $0.00003078 and $0.0000276. If the bulls manage to defend these levels, the SHIB price may eventually mark a new ATH and may even eliminate a zero from its price in the latter part of the year.  #SolanaMemeCoins #SHIB #altcoins #Memecoins $SHIB
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