Dogwifhat Price Prediction: WIF Dives 20% As This P2E DOGE Derivative Closes On $6 Million

Dogwifhat Price Plunges 20% Amid Market Downturn

The Dogwifhat price has plummeted 20% in the past 24 hours, hitting $1.22 at 03:48 a.m. EST. This decline occurred as the meme coin sector experienced a downturn, with market capitalization falling 17% to $32 billion.

Bullish and Bearish Trends

Dogwifhat experienced a rally from July 12 to July 24 before correcting back to its neckline at $1.5 and declining further. Technical indicators suggest a bearish sentiment, with the 50-day and 200-day SMAs falling below the price and the RSI indicating intense selling pressure.

However, the undervalued RSI suggests the potential for a trend reversal. If this occurs, the price could rise to the 50-day SMA at $2.0. Alternatively, further selling pressure could push the price to $0.50.

Alternative Investment: PlayDoge

As the Pepe price declines and investors seek alternatives, interest in PlayDoge (PLAY) has surged. This P2E meme coin has raised over $5.9 million in its presale, combining the popularity of meme coins and gaming.

Players can earn rewards by caring for their pets and completing in-game tasks. Token holders can also earn passively by staking $PLAY for annual rewards of up to 79%.

Investors can purchase $PLAY tokens for $0.00526 on the official website. A price increase is expected within two days, so interested investors should act quickly to secure the best deal.