Dogwifhat: Meme Coin Faces Price Drop Amidst Investor Sell-off

user avatar

by Giorgi Kostiuk

2 years ago

In the last 24 hours, Dogwifhat saw a price decrease of more than 5% to $1.34 as investors offload their holdings. Trading volumes also dropped by over 33% to approximately $662.04 million.

Dogwifhat Price Resting On Key Support

The Dogwifhat price is currently on the $1.2504 support level after recent downward trends. A further fall below this level could see a drop to $0.7697. Conversely, if the price rebounds, it may return to $1.6734, with potential to rise to $2.1541.

Technicals Warn Of Further Dropping

Technical indicators such as Exponential Moving Averages (EMAs) and MACD suggest potential further price decreases. The 9 EMA below the 20 EMA indicates a negative trend. Additionally, the MACD line is poised to cross below the signal line, signaling potential further decline.

Solaxy Aiming To Unlock Solana's Scalability Potential

Solaxy aims to enhance Solana's capacity, dealing with network congestion using scaling technology. This project will boost speed and reduce fees on Solana while enabling Ethereum connection, forging a more efficient web3 ecosystem.

The Dogwifhat price drop illustrates meme coin market volatility. Meanwhile, projects like Solaxy address Solana's scalability issues, offering long-term growth potential for investors.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Crypto-Linked Companies Remain Potential Participants in Tokenization Market

Despite traditional corporations rejecting tokenization, several crypto-linked companies remain potential participants in the market.

user avatarTando Nkube

Apple and Meta Join Growing List of Companies Rejecting Tokenization Plans

Apple and Meta have recently joined a growing list of companies rejecting plans to tokenize their shares through a new venture backed by OKX and ICE.

user avatarKofi Adjeman

Retail Investors to Face Restrictions in New Crypto Market

Retail investors will face significant restrictions in the new crypto market launching on December 1, including a purchase limit of 300,000 rubles annually and mandatory risk awareness testing.

user avatarSatoshi Nakamura

Moscow Exchange to Launch Digital Asset Market on December 1

Moscow Exchange is set to launch a regulated digital asset market on December 1, allowing trading of Bitcoin, Ethereum, and Tether.

user avatarJesper Sørensen

US Sanctions Challenge Moscow Exchange's Crypto Initiative

The launch of Moscow Exchange's new digital asset market faces significant challenges due to international sanctions imposed on the exchange and its clearing subsidiary.

user avatarNguyen Van Long

US Treasury Takes Action Against MEXC Global for Illicit Transactions

The US Treasury has prohibited financial institutions from processing transfers involving MEXC Global due to alleged illicit transactions linked to sanctions evasion.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.