WIFUSDT.P trade ideas
Which Way Will It Swing?WIF , also known as Dogwifhat, is making waves as a new meme cryptocurrency. On the 1-hour chart, it's sitting just under a tough resistance point, which is the price level it needs to break to continue its climb. This resistance has been tested before, and the price hasn't been able to push through yet. On the indicator side, the Stochastic Oscillator is suggesting that WIF might be sold more than it should be right now, hinting that a price increase could be on the horizon if traders take this as a buying signal.
However, there's a bit of caution from the MACD indicator. While it shows that the trend has been up, the decreasing histogram points to the momentum slowing down a bit. This tells us that the strong buying push that WIF experienced recently is starting to lose some power. It doesn't mean the price will definitely fall, but it's a sign that the rapid rise might take a breather.
The RSI is sitting at a comfortable middle ground, neither indicating an overbought nor an oversold condition. This neutral stance suggests that the market isn't leaning heavily in one direction. What we're seeing is a balance between buying and selling pressures.
Combining these indicators, the current scenario for WIF is a standoff between the potential for further growth and a possible need for the price to take a break and stabilize. Traders might be watching for a sustained increase in volume, which would support a push through the resistance level, or a fall in volume, which could see the price retract to stronger support levels where it has stopped falling before.
In simpler terms, WIF is at a spot where its next move is not clearly defined by the indicators, and it could either break out and rise if there's enough buying interest or dip to find support if the sellers take over. Watching the volume and news for any developments that could sway market sentiment will be crucial for anyone trading WIF.
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Dogwhifhat: A Dive into the Doge-Themed Tokens SurgeThe crypto market ablaze with fervor, as CRYPTOCAP:WIF emerges as the third-largest meme coin, eclipsing stalwarts of the industry like DeFi and exchange tokens. But what exactly is driving this canine frenzy, and what does it mean for the broader landscape of digital assets?
At the heart of this frenzy lies the irresistible allure of Dogecoin. Once dismissed as a mere joke, Dogecoin has since evolved into a cultural phenomenon, capturing the imaginations of retail investors and institutional players alike. Its iconic Shiba Inu mascot has become synonymous with the playful spirit of crypto, transcending mere currency to embody a community-driven ethos.
Enter CRYPTOCAP:WIF , the latest entrant in the canine-themed saga. Leveraging the robust infrastructure of the Solana blockchain, CRYPTOCAP:WIF has swiftly carved out its niche, riding the coattails of Dogecoin's success. But CRYPTOCAP:WIF is not alone in this endeavor; fellow dog-themed tokens like Floki ( SEED_DONKEYDAN_MARKET_CAP:FLOKI ) have also joined the fray, betting big on the enduring appeal of Dogecoin and its canine cohorts.
However, amidst the euphoria, cautionary whispers abound. Trading firms are sounding the alarm bells, warning of an impending pullback as established cryptocurrencies like Bitcoin and Ethereum exhibit signs of exhaustion. The price rally, though exhilarating, has been nothing short of exponential, raising concerns about overheated markets and inflated valuations.
In the realm of Ethereum, risk reversals paint a bleak picture, with indicators skewed to the downside, signaling a palpable sense of apprehension among investors. Moreover, funding and forwards remain elevated, indicating that speculators are willing to pay a premium to maintain their leveraged long positions—a precarious dance on the edge of a volatile precipice.
Technical Outlook
CRYPTOCAP:WIF has yielded Potential gains to its holders with the token surging by about 11.6% today Saturday, 2024. With a Bullish Relative Strength Index (RSI) of 67.42, CRYPTOCAP:WIF is looking to capitalize on its gain and spike even higher reaching $10 as speculated by Ex Bitmex Founder Arthur Hayes.
As we approach a long weekend spanning the US, Europe, and parts of Asia, the stage is set for further intrigue in the crypto sphere. Will the relentless momentum of dog-themed tokens continue unabated, or are we on the cusp of a market correction? The answer remains shrouded in uncertainty, a tantalizing mystery waiting to unfold.
Dogwifhat (WIFUST) Memecoin on the RiseDogwifhat (WIFUST), a popular memecoin in the cryptocurrency world, has been experiencing a phenomenal surge in price lately. After breaking out from a weekly time frame of $3.36 , WIFUST has climbed to its current trading price of $4.65 . I believe the coin could reach $5.00 or even higher in the near future.
However, a potential pullback could see the price dip back down to its support level at $3.35 .
note: Conduct own research before making any investment decisions.
wifSupport and press the rocket to cheer me up
Observe the ten percent loss limit
Stay away from Bitcoins
Feel free to buy and sell and post your comments
$wif short wif euphoria has kicked in , i expect many bulls to get trapped for now after new ath . am short looking at targets un chart .
wifSupport and press the rocket to cheer me up
Observe the ten percent loss limit
Stay away from Bitcoins
Feel free to buy and sell and post your comments
WIF NEW INCREASE VOLUMEWIF shows a new increase in volume, which could be confirmed in the coming time frames.
We will follow the coin to see if it's able to confirm.
The reason for the volume is the trend data that this coin shows.
This coin is at basic choice on daily trends.
WIFUSDT ShortWIFUSDT was bullish but now there is divergence therefore a sell stop is put below the previous higher low and a strong bearish trend could be observed
WIF good coin to buy and hold. Target x2 current price🆕 #WIF New Signal - Vip Call🚀
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LONG #WIF-USDT
❌ Cross: x1 to x10
🛒 Entry point: below 2,3
🎯 TP 1 (5%): 2,415 (50%)
🎯 TP 2 (10%): 2,53 (100%)
🎯 TP 3 (15%): 2,645 (150%)
🎯 TP 4 (20%): 2,76 (200%)
🎯 TP 5 (25%): 2,875 (250%)
🛑 Stop loss: 1,885 Very Important! In case it drop we can re-buy in dip with cheap price.
‼️ Comment: #WIF well, Join x2 to x10 base on your fund and have to keep DCA rules in PIN message. Cross X10 for members have fund >= 30k USDT
🚨 Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. I will make my best efforts to give high-quality coins signal, but will not be responsible for your trading losses.
WIFUSDT.PHello Trader BINANCE:WIFUSDT.P
potential to make a new all time high, there is also the potential for a valid bullish triangle sym, for the area I have marked suitable for spot only. but if you want futures you can also
take profit 100%
stop loss 20%
Please add a comment and Positive feedback and constructive criticism are important to authors and the community.
Disclamer: Not Financial Advice
will WIF Continue Rally?well, I noticed a Buying Activity for WIF; so I had a look at its chart. I can't say exactly in a bullish falling wedge or A bullish pennant; Pennants usually is the neutral and continued trend in progress. I drew two targets above and down. #DYOR #NFA
WIF Is Going To Come Down Hard Be CarefulWIF is way overextended and overvalued. There is bearish divergence on many indicators on almost all higher timeframes. I think WIF comes down to tap the trendline at $1.40 and a small bounce then it falls swiftly into the wedge again. Where is goes from there I dont know but I will update the chart at that time.
This is not finainclal advice this is just my opinion.
LIKE, AND FOLLOW ME + THIS IDEA FOR CONSTANT UPDATES. THANK YOU
WIF catching a break soon?If the rest of the market catches support, this thing will rocket. If we keep dropping market wide, well....I would just short a retest of this first support/flip resistance zone.
Heading higher? Watch out for a wick through all-time highs with a major flush back down.
Dogwifhat Meme NFT Sold for $4 Million to GCR
Original Dogwifhat meme featuring Achi in a pink beanie got sold for 1,210 ETH ($4M) to trader GCR, igniting a short rally in CRYPTOCAP:WIF price.
The original Dogwifhat meme, depicting Achi the dog wearng a pink beanie hat, has been sold for 1,210 Ether ( CRYPTOCAP:ETH ), equivalent to approximately $4 million. A trader named GiganticRebirth (GCR) got the acquisition, which led to a short term rally in the values of Dogwifhat ( CRYPTOCAP:WIF ), a meme coin built on the Solana blockchain.
Dogwifhat Auction Sparks Widespread Interest
The sale occurred on Foundation, a website dedicated to crypto art and auctions, where the original piece was listed for an opening price of 0.15 ETH. The auction was marked by a heated bidding war, mostly between GCR, bidding anonymously as “PleasrDAO” and Memeland, another major player in the crypto world.
The Dogwifhat meme, deriving its charm from the image of Achi, captured global attention upon its debut, quickly evolving into a symbol celebrated across the internet. The subsequent auction and participation of GCR greatly increased WIF’s appeal.
The participation of GCR in the acquisition has an integral effect on the market performance of $WIF. Known for their insightful market analysis and successful predictions, GCR has amassed a substantial following within the crypto community.
Following the acquisition by GCR, the CRYPTOCAP:WIF coin witnessed a 17% surge in its price within just an hour followed by a sharp decline of 10.9%. Apparently, analysts have attributed this surge to GCR’s purchase and a recent post by Elon Musk on X, featuring images of dogs in hats, which further fueled the enthusiasm around Dogwifhat.
WIF’s market capitalization and 24-hour trading volume surged by 15.87% and 49.99% respectively to $2,805,344,838 and $1,102,407,126, respectively.
WIFUSDT.1HOn the WIF/USDT chart, we see a currency that's experienced some volatility, creating a series of peaks and troughs. The price is currently in a transitional phase, as indicated by several technical elements:
Ichimoku Cloud: The price is currently below the Ichimoku Cloud, suggesting a bearish outlook. The Cloud could act as resistance if the price attempts to rise.
Resistance (R1): A potential resistance level has been plotted at around 3.1357 USDT. If the price were to rally, it might encounter selling pressure near this level.
Support (S1): The identified support level at 2.0365 USDT might provide a floor for the price if it continues to fall.
RSI (Relative Strength Index): It's at a moderate level around 59.78, indicating that there's neither excessive buying nor selling pressure at the moment.
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, suggesting bearish momentum, although the histogram shows the momentum is not aggressively bearish.
Given the price's position below the Ichimoku Cloud and the bearish MACD, the sentiment seems to lean towards the downside. However, with the RSI not at extremes, there might be room for some price recovery or sideways movement. Watching for any potential crossover in the MACD or an increase in the RSI could provide early signs of a change in trend. It's essential to integrate such technical insights with broader market analysis for informed trading decisions.
Best coin everBottom is in for WIF. Next round soon. Have a look at official website. Future of finance.
WIFUSDT.PI believe it is (blue lines) or could be (orange lines) a double-top pattern on 15MIN chart of WIFUSDT perpetual. Possible target prices are marked on the chart. I've shorted at 3.2733.
It seems that the right hand of double-top bounced from the level of support (orange line). I hope it is going to break through it later.
Arthur Hayes Predicts Dogwifhat (WIF) To Hit $10The price of CRYPTOCAP:WIF , the meme coin associated with the Dogwifhat community, has skyrocketed by an astounding 80%. This surge comes on the heels of the completion of community funding efforts aimed at a grandiose plan involving the iconic Las Vegas Sphere.
BitMEX co-founder Arthur Hayes has added fuel to the fire by predicting a further surge in WIF's price, foreseeing it reaching $10. Such bold forecasts have ignited discussions and speculation within the crypto community, further propelling interest in WIF.
The surge in CRYPTOCAP:WIF 's price, which has exceeded $3 for the first time, is particularly noteworthy amidst a broader trend of meme coins struggling to maintain their momentum. However, CRYPTOCAP:WIF has managed to defy the odds, securing its position as the fourth-largest meme coin by market capitalization.
The ambitious plans of the Dogwifhat community to leave their mark on the Las Vegas skyline have captured the attention of investors and enthusiasts alike. With the completion of community funding, efforts are underway to secure ad space on the exterior dome of the Las Vegas Sphere—a digital marvel renowned for its immersive entertainment experiences.
The fundraising, which initially aimed to raise $650,000, saw donations exclusively accepted in USD Coin (USDC). Recent reports indicate that the target has been met, paving the way for the Shiba Inu mascot, emblematic of the Dogwifhat community, to be prominently displayed on the Las Vegas Sphere.
This ambitious endeavor not only showcases the passion and dedication of the Dogwifhat community but also underscores the growing influence and potential of meme coins within the broader crypto landscape. As meme coins continue to capture the imagination of investors, WIF stands out as a symbol of innovation and community-driven initiatives.
Moreover, the surge in CRYPTOCAP:WIF 's price reflects a renewed confidence in meme coins, particularly those within the Solana network. With Solana experiencing a significant uptick in price and investor interest, meme coins built on its platform, like WIF, are positioned to capitalize on the positive sentiment surrounding the ecosystem.
$WIF The trend based fib tool has been great to identify targets. The diagonal here in red gave us reliable place to consider a continuation in the uptrend. Probable target would lead us to ~ $5.00 on this swing trade.
WIF THE SKY IS THE LIMITWIF Showing a new ATH, and it seems interesting for the daily trend.
We following the trend to see how this can gain new targets.
