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The trading volume of WIF, the top three meme coins, exceeded 1.32B, and OKX went online

Dogwifhat (WIF), the third-largest memecoin in crypto and the largest on Solana, has had a tumultuous week since the Israeli-Iranian conflict erupted, amid a broader market meltdown.

Dogwifhat’s price fell to a new monthly low of $1.81 over the weekend before rebounding to just over $3.14 on Monday. This recovery coincided with a record trading volume of 1.32 billion WIF for the day, the highest level since its launch in November 2023.

This peak trading volume is 28% higher than the record of 1.04 billion WIF set on March 30, and is consistent with Dogwifhat’s all-time high price of $4.95.

The increase in trading activity indicates strong entry of new investors and increased liquidity, which helps stabilize prices during market downturns.

OKX goes online to increase WIF price

WIF Token Sees Big Rally Following OKX announcement It will list WIF and MEW tokens for spot trading. This inclusion on one of the leading cryptocurrency exchanges enhances WIF’s visibility and market liquidity.

Deposits for both tokens begin at 10:00 AM on April 15, 2024, and spot trading for WIF/USDT and MEW/USDT will begin within the next two hours. You can withdraw money the next day. Recognition from a reputable exchange like OKX generally increases investor confidence and may increase WIF trading volume and price.

Dogwifhat Price Prediction

Today, the WIF token is trading at just under $2.60, maintaining a delicate market balance. Here’s a breakdown of what this means for potential investors:

  • Center point: $2.90 marks a critical moment. Below this level, the trend may turn bearish.
  • Resistance levels: Investors should keep an eye on $3.40, $3.80 and $4.30. Exceeding these could indicate momentum is building.
  • Support level: Important support levels are $2.30, $1.90 and $1.60. A breakout of these could signal further declines.
Dogwifhat Price PredictionDogwifhat Price Prediction
Dogwifhat Price Prediction – Source: Tradingview

The relative strength index (RSI) is at 39, suggesting bearish sentiment but approaching oversold conditions.

The 50-day exponential moving average (EMA) sits at $3.10, reinforcing resistance near the pivot point.

market trend: The presence of a bearish engulfing candlestick pattern just below the $2.93 resistance and the 50 EMA suggests potential selling pressure.

If WIF remains below $2.90, the market could drop to $2.20 or even $1.90.

Conversely, a climb above $2.90 could turn sentiment towards the bullish side, attracting more buyers. Keep an eye on these levels as they will determine WIF’s short-term direction in the market.

In the Dogwifhat price prediction video above, popular analyst Jacob Bury reviews the new Solana meme coin SLOTH.

Slothana ($SLOTH) – The next big meme coin on Solana?

Slothana is quickly gaining traction in the cryptocurrency community, blending the charm of sloth-themed tokens with the efficiency of the Solana blockchain.

Produced by a team associated with the successful Smog project, this emerging meme coin is attracting attention for its simple and engaging pre-sale strategy, which emphasizes the importance of selling coins without delving into complex token economics. Potential for speculative gains.

The initial phase of the pre-sale was very popular, with over 3,500 SOL (approximately $650,000 USD) obtained on the first day, with each $SLOTH priced at $10,000 per SOL. As the pre-sale progresses, enthusiasm continues unabated, with total funds raised now exceeding $10 million.

Now coupled with the pre-sale countdown, there are only 13 days left for investors to participate before the official launch of Slothana.

Whether Slothana can replicate the success of Dogwifhat remains to be seen, but its real-time market cap at launch will be around 0.5% of $WIF, which now exceeds $2.5 billion since it surpassed Pepe to become the third largest meme coin.

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