Dogwifhat Collapses in Meme Coin Bloodbath, New Rival Raises $6.7
Sam Cooling
Last updated:
August 2, 2024 at 19:48 GMT+3
| 2 min read
As DogWifHat’s price collapses in a complete meme coin bloodbath, smart money meme coin traders are rotating profits rapidly into an emerging meme coin layer-2 that has already raised $6.7m.
In this article, dive into WIF price trends and discover how this new layer-2 meme coin ecosystem could change the meme coin paradigm this Autumn.
In what many are branding a capitulation move, the DogWifHat price has seen a huge rejection from a failed breakout turned exit rally, which has led to a complete breakdown in chart structure.
WIF Price Analysis: As DogWifHat Tumbles – Is It All Over For The Once Loved Solana Meme Coin?.
WIF price has entered calamitous territory as price action continues to tumble. Consequently, DogWifHat is currently trading at a market price of $1.90 (representing a 24-hour change of -3.06%).
This comes after a pained rejection saw WIF holder’s hopes crushed when a promising breakout move stalled around a layer of resistance between $2.80-$2.95.
With holder bank confidence shaken, double-barreled rejection saw price drop into a cascade – with WIF notably losing key support from both the 20DMA (which remains at $2.35) and the psychological level at $2.
So far, the multi-day tumble has seen the WIF price bleed out a dramatic -33%, a move no doubt exacerbated by a wider downturn across the meme coin vertical.
But while a glimmer of hope can be found in the RSI indicator, which shows that the WIF price significantly cooled off at an enviable 38.77, the devastation of this downside must not be understated – the WIF price structure has been damaged severely by this failed breakout, and holders are in anxiety.
For this reason, many eagle-eyed meme coin traders are broadening their horizons and seeking high-risk, high-reward opportunities to maximize their gains despite WIF downside.
Meme Coin Trader’s Choice for August: Pepe Unchained (PEPU) Is a Good Buy.
Emerging in a sea of shitcoins, Pepe Unchained has cut through the noise and began making a significant name for itself.
Via its wildly successful PEPU presale, which has so far raised an astronomical $6.7m from eagle-eyed investors, Pepe Unchained is positioning itself as one of the most anticipated August DEX launches.
Behind the frog-faced meme value of this brand-new…
https://cryptonews.com/news/dogwifhat-collapses-in-meme-coin-bloodbath-new-rival-raises-6-7-million.htm
#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #dogwifhat #dogwifhatnews #dogwifhatnewstoday #solanamemecoin #solanamemecoinnews #solanamemecoinnewstoday #wif #wifnews #breakingbitcoin
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple
source
