{"id":387286,"date":"2024-04-27T04:30:23","date_gmt":"2024-04-26T23:00:23","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=387286"},"modified":"2024-04-26T13:15:45","modified_gmt":"2024-04-26T07:45:45","slug":"dogwifhat-to-hold-or-not-to-hold-this-memecoin-today","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogwifhat-to-hold-or-not-to-hold-this-memecoin-today\/","title":{"rendered":"dogwifhat: To hold or not to hold this memecoin today?"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">WIF\u2019s value has grown by over 10% in the last week.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">However, according to readings from some key technical indicators, it may be due for a decline.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The dog-themed token <a href=\"http:\/\/ambcrypto.com\/dogwifhat-wif-investors-enter-new-wif-rival-positioned-for-100x\/\" target=\"_blank\" rel=\"noopener\">dogwifhat [WIF]<\/a> may shed its double-digit price gains, as readings from its chart show that bearish momentum remains significant.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Exchanging hands at $2.98 at press time, WIF\u2019s price has risen by 12% in the last week, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/dogwifhat\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap\u2019s<\/span><\/a><span style=\"font-weight: 400;\"> data.\u00a0<\/span><\/p>\n<h4><strong>WIF to lose its bark?<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">The memecoin\u2019s price rally mirrors the general market growth that has been observed during that period. According to <a href=\"https:\/\/www.coingecko.com\/en\/global-charts\" target=\"_blank\" rel=\"noopener\">CoinGecko\u2019s<\/a> data, the global cryptocurrency market capitalization has risen by 4% in the last week due to the surge in trading activity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, some of WIF\u2019s technical indicators observed on a 1-day chart hinted at the possibility of a decline in its price in the short term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">First, the token\u2019s Squeeze Momentum Indicator has posted only negative values since 13th April. This indicator measures WIF\u2019s momentum and tracks its consolidation phase for traders looking to trade in a sideways market. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">When it shows downward-facing red bars, the asset in question is experiencing a downward momentum.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Confirming the bearish momentum, WIF\u2019s Awesome Oscillator returned a negative value marked by a red upward-facing bar at press time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Red bars on an asset\u2019s Awesome Oscillator are often interpreted as a bearish sign, suggesting a hike in selling pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Further, WIF\u2019s MACD line (blue) remained below its signal line (orange) at press time. This suggested that the meme coin\u2019s short-term moving average was lower than the long-term moving average. Traders interpret this to mean an asset may witness sustained selling pressure.\u00a0<\/span><\/p>\n<figure id=\"attachment_387299\" aria-describedby=\"caption-attachment-387299\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-14-45.png\"><img decoding=\"async\" class=\"size-full wp-image-387299\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-14-45.png\" alt=\"WIF 1-Day TradingView\" width=\"2560\" height=\"1224\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-14-45.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-14-45-300x143.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-14-45-1024x489.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-14-45-768x367.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-14-45-1536x734.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-14-45-2048x979.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-14-45-1200x574.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-387299\" class=\"wp-caption-text\">Source: WIF\/USDT on TradingView<\/figcaption><\/figure>\n<h4><b>The bulls hold their own<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">While bearish sentiments linger in the WIF market, the bulls continue to wield an influence.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, the token\u2019s Relative Strength Index (RSI) and Money Flow Index (MFI) appeared poised to cross above their respective center lines, suggesting a spike in demand for the altcoin.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the\u00a0<a href=\"http:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">dogwifhat Profit Calculator<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">WIF\u2019s RSI was 49.53, while its MFI was 46.93.\u00a0<\/span><span style=\"font-weight: 400;\">Likewise, its Chaikin Money Flow (CMF), which measures the flow of money into and out of the market, was 0.10 as of this writing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This value suggested that the meme coin saw a steady supply of liquidity necessary to sustain its price growth.\u00a0<\/span><\/p>\n<figure id=\"attachment_387302\" aria-describedby=\"caption-attachment-387302\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-17-23.png\"><img decoding=\"async\" class=\"size-full wp-image-387302\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-17-23.png\" alt=\"WIF 1-Day TradingView\" width=\"2560\" height=\"1224\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-17-23.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-17-23-300x143.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-17-23-1024x489.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-17-23-768x367.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-17-23-1536x734.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-17-23-2048x979.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/WIFUSDT_2024-04-26_08-17-23-1200x574.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-387302\" class=\"wp-caption-text\">Source: WIF\/USDT on TradingView<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WIF flashes sell signals as key indicators hint at the possibility of a price retracement.\u00a0<\/p>\n","protected":false},"author":64,"featured_media":387304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[5824,66,3,4,20],"tags":[],"class_list":["post-387286","post","type-post","status-publish","format-standard","has-post-thumbnail","category-memecoins","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>dogwifhat: To hold or not to hold this memecoin today? 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