WIF’s price has recently fallen, perhaps due to some traders taking profits from the strong performance of cryptocurrencies over the past month. Despite the recent pullback, CoinMarketCap data shows that the meme token is still up more than 40% in the past 30 days.
wif price is about to test key support level:
Looking at the 4-hour chart of WIF/USD, Dogwifhat’s price is gradually approaching the support level of $2.2418. A break below this technical safety net could cause the meme coin to fall to the next hurdle of $1.9443 within the next 24 hours. However, if WIF can sustain its position above $2.2418 within the next 12 hours, it may be able to stop the bearish trend. In this case, Dogwifhat’s price may rebound and try to break through the resistance level of $2.5394. A successful move above this hurdle may provide the cryptocurrency with the space needed to climb to $2.8370.
At the moment, sellers appear to be keeping a tight rein on the price of Dogwifhat. Technical indicators on the 4-hour chart of WIF are flashing warnings that the meme coin’s downtrend may have just begun. In addition to the Moving Average Convergence Divergence (MACD) indicator flashing a bearish signal, the short-term exponential moving averages (EMAs) have also triggered significant bearish signals over the past few hours. Currently, the MACD line is below the MACD signal line, which means that WIF is in a negative cycle. Moreover, the gap between the two technical indicators is also widening, showing that the meme coin’s bearish trend shows no signs of slowing down just yet. The 9 and 20 EMAs are also flashing similar warnings as the shorter EMA fell below the longer EMA over the past session. Traders may view this as a continued signal that sellers will continue to hold the upper hand over buyers over the next 24 hours.
While bears control WIF in the short term, memecoin competitor Flockerz (FLOCK) is approaching $1 million in pre-sale prices.
Flockerz (FLOCK) puts the future in the hands of the community. Unlike many centralized projects that claim to be fully decentralized but are not, Flockerz is actually a community-centric meme coin project. With its innovative vote-to-earn model, community members who hold FLOCK have the power to decide the future direction of the project and get paid for it. By constantly asking holders to vote on the team's next move, Flockerz is able to keep the community engaged longer than any other meme coin token that has previously entered the market.
Flockerz also incentivizes community members to vote, giving them the opportunity to earn more cryptocurrency by simply participating in the project's governance. An analyst on the Cryptonews YouTube channel said that Flockerz's meme coin appeal coupled with the vote-to-win model makes it an attractive project to participate in early. Cryptonews predicted in a video provided to its 114,000 subscribers that FLOCK could surge 10x to 100x after its launch.
Conclusion:
October could be a big one for FLOCKERS! So is it time to buy in now? Flockerz is offering high rewards to early supporters. Not only can token holders earn crypto for voting, but anyone who buys and locks up FLOCK tokens can enjoy incredible staking opportunities. Currently, the staking program offers a 3197% annual percentage yield (APY) to supporters in the early stages. It’s fairly easy to get these rewards. The first thing investors need to do is buy FLOCK through the simple purchase widget embedded on the project’s website. FLOCK is priced at $0.005724 and can be purchased using ETH, USDT, BNB, or a bank card. Potential buyers who want to buy the token at the best price need to act quickly, as the price of FLOCK will rise in less than 2 hours and will continue to rise with each subsequent stage of the ICO.
