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

21Shares Announces Staking Distributions for Five Crypto ETFs

21Shares has announced staking distributions for five crypto ETFs, converting on-chain validation rewards into cash payouts for investors.

user avatarNguyen Van Long

Soluna and Bitdeer Expand Bitcoin Mining Partnership

Soluna and Bitdeer are increasing their Bitcoin mining capacity at Project Kati 1 in South Texas, adding approximately 7 MW of mining equipment to reach a total of 35 MW, with completion expected in November 2023.

user avatarSatoshi Nakamura

Microsoft Stock Surpasses 500 Mark Amid Analyst Buy Ratings

Microsoft's stock has climbed above the 500 level, opening at 509 during Tuesday's trading session. Analysts have given MSFT a buy rating, with predictions suggesting it could reach above 600.

user avatarJesper Sørensen

Oracle Integrates with Swift's Blockchain for Enhanced Banking Payments

Oracle announced a significant integration with Swift's blockchain ledger to facilitate tokenized deposit payments for banks.

user avatarRajesh Kumar

TRON DAO Rings Closing Bell at Cboe for TRXS Listing

TRON DAO rings the closing bell at Cboe Global Markets to celebrate the listing of TRXS, an exchange-traded product linked to TRX.

user avatarLucas Weissmann

MEXC Launches 'WE SEE YOU' Campaign to Highlight Individual Traders

MEXC has launched a new brand identity focused on the philosophy 'WE SEE YOU', emphasizing the importance of individual traders behind accounts.

user avatarFilippo Romano

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.