Dog themed meme coin dogwifhat WIF/USD It continued its rise on Monday, chasing the heavyweights in the market.
what happened: Solana sol/usd– Base tokens have skyrocketed over 5% to become the second-largest cryptocurrency winner in the last 24 hours. Its trading volume ranged from 176% to $1.644 billion, making it one of the most traded meme coins in 24 hours.
WIF was against pullbacks like blue chip currency Bitcoin BTC/USD and Dogecoin doge/usddecreased by 1.88% and 6.51%, respectively.
In particular, Memecoin’s open profits have slipped 2.34% over the past 24 hours. According to To Coinglass. Typically, coupled with rising prices, a decrease in open interest means that the shorts cover their positions.
Additionally, over 70% of Binance traders with open positions in WIF have shown that the meeting will remain in place for a long time at the time of this writing.
Disclosure: 82% of retail CFD accounts lose money
reference: Bill Gates left behind by Nakamoto at: Bitcoin creator wealth overturns the wealth of Microsoft co-founders amid the sharp rebounds of crypto
Meanwhile, the relative strength index used to determine whether an asset is being over-acquired or over-sold, flashed the coin’s “selling” signal. According to Go to TradingView. On the contrary, divergence of moving average convergence comparing two exponential moving averages of prices produced a “purchase.”
Price Action: At the time of writing, WIF had been trading hands for $1.09, up 5.12% over the past 24 hours. Benzinga Pro data. Since the beginning of the year, coins have lost 41.26%.
Photo courtesy of Akif Cubuk on shutterstock.com
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