Dogwifhat Price Prediction: WIF Pumps 56% In A Week, But Can It Outperform This ICO With Its Own Layer 2 Blockchain?

Dogwifhat Price Surge Continues

The Dogwifhat price has experienced a remarkable surge, rising 56% in the past week and 10% in the last 24 hours. As of 7 a.m. EST, the coin is trading at $2.79, with a 30% increase in trading volume to $694 million.

Double Bottom Pattern Formation

The WIF price chart indicates a potential trend reversal, as buyers push the price towards the resistance zone at $4.07. The formation of a double-bottom pattern at the support level of $1.52 suggests a shift towards an upward trend.

Technical Indicators

The price is currently trading above the 50 and 200 Simple Moving Averages (SMAs). Momentum is expected to build, potentially enabling the bulls to overcome the 200 SMA and initiate a bull rally.

The relative strength index (RSI) has rebounded from the oversold level of 30 to 68, indicating buying pressure. If this momentum continues, the RSI could enter the overbought zone.

Bullish Continuation

Traders are optimistic about the continuation of the uptrend and the potential for WIF to reclaim its all-time high of $4.83. The double bottom provides support for the upward momentum.

Alternative Meme Coin: Pepe Unchained

Pepe Unchained (PEPU) is a new meme coin that has generated excitement in the market, raising over $4.8 million in its presale. Built on its own layer 2 blockchain, Pepe Unchained aims to address the scalability and efficiency issues often faced by meme coins on layer-1 blockchains like Ethereum.

Staking Rewards

Token holders can earn passive income through the platform's staking system, offering an annual yield of 392%.

Purchase $PEPU Tokens

PEPU tokens can be purchased for $0.008596 each from the official website. The price is scheduled to increase shortly, so early purchase is recommended to secure the best deal.