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Coinbase Set to Launch Dogwifhat ($WIF) Perpetual FuturesCoinbase, a leading cryptocurrency exchange, has announced plans to expand its derivatives offerings by launching Dogwifhat ( CRYPTOCAP:WIF ) perpetual futures for non-U.S. customers on April 25, 2024. The move is aimed at widening the range of products offered by the exchange, particularly in the derivatives market, which has experienced robust growth over the past few months. This follows Coinbase's approval last year to offer these products to non-U.S. customers in selected jurisdictions, allowing the exchange to expand its derivatives offerings into a sector that is becoming increasingly attractive to traders seeking to capitalize on the volatility of the cryptocurrency markets. The interest in cryptocurrency derivatives is growing, reflecting the need for more diverse and sophisticated trading tools, which Coinbase seeks to meet with its latest offerings. According to a report, derivatives trading volumes increased by 86.5% in the last month, amounting to a total of $6.18 trillion. Dogwifhat ( CRYPTOCAP:WIF ) perpetual futures trading will commence on April 25, 2024, at 9:UTC 30 for non-U.S. customers. The move is expected to attract many traders, given the recent performance of the meme coin. The main factor for its demand and volatility is its listing on large exchanges and the recovery of the overall cryptocurrency market. Upon the news of the futures trading, Dogwifhat rose from $2.26 to $2.65, with a marked increase in its 24-hour trading volume. Coinbase has received a partial nod to provide cryptocurrency futures trading for U.S. retail investors through Coinbase Advanced, having undergone strict evaluation by American authorities. The National Futures Association in the U.S. granted its approval to Coinbase, which is a milestone in offering diversified trading options to clients amidst the tough regulatory environment in the country. Overall, the announcement of the CRYPTOCAP:WIF perpetual futures launch on Coinbase Global Exchange and Coinbase Pro is expected to stimulate high trading activity in Dogwifhat ( CRYPTOCAP:WIF ). Traders and investors are closely monitoring the market dynamics, which could result in a bullish period for both the meme coin and Coinbase's derivatives market strategy.
Long
by DEXWireNews
WIF looks bearishNote: The volatility of this shit coin is high Considering that the trendline has been lost and we have a bear CH on the chart and the resistance range is strong, this bullish movement is expected to be a pullback. The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
1
Dogwifhat (WIF): A Popular Meme Coin with PotentialDogwifhat (WIF), also playfully referred to as "Doge with a Hat," is a meme coin that has gained significant popularity in the cryptocurrency space. Launched in November 2023, it quickly captured attention with its Shiba Inu dog mascot sporting a pink knitted hat. Here's a closer look at Dogwifhat, including a technical analysis of its price chart: Meme Coin Craze: Meme coins, often featuring lighthearted or humorous themes, have become a prominent aspect of the cryptocurrency landscape. Dogwifhat falls under this category, capitalizing on the popularity of dog-themed meme coins like Dogecoin and Shiba Inu. Community Driven: Dogwifhat boasts a vibrant online community that actively promotes the coin. This community support can be a significant factor in the growth and popularity of meme coins. Price Performance: Despite its recent launch, Dogwifhat has experienced impressive price gains. As of March 24, 2024, it holds a market capitalization of over $2.3 billion and ranks #51 on CoinMarketCap. While past performance doesn't guarantee future results, this rapid rise has undoubtedly captured the attention of investors. Limited Information: It's important to note that Dogwifhat, like many meme coins, currently lacks real-world utility or established use cases beyond its status as a collectible or speculative investment. Technical Analysis: While meme coins are known for their volatility, a technical analysis of Dogwifhat's 4-hour chart reveals a potentially bullish pattern: Falling Wedge: The chart appears to be forming a falling wedge pattern. This pattern is generally considered bullish and indicates a potential reversal of a downtrend. The converging trendlines suggest buying pressure absorbing selling pressure, potentially leading to a price increase. A breakout from the wedge, ideally with increased trading volume, could signal an upward move. Target Price: Based on the falling wedge pattern, the target price for DOG could be around $4. This target is calculated by measuring the height of the wedge at its widest point and adding that distance to the breakout point above the upper trendline. Important Considerations: Technical analysis is a valuable tool, but it's not a guaranteed predictor of future price movements. Other factors like market sentiment, news events, and overall market trends can influence the price. This analysis explores a potential opportunity, but it's vital to conduct your own research before making any investment decisions. Considering Dogwifhat: If you're considering investing in Dogwifhat, here are some key points to remember: High Volatility: Meme coins are known for their extreme price fluctuations. Be prepared for significant swings in value. Research is Key: Conduct thorough research on Dogwifhat, including its development team, roadmap (if any), and the overall meme coin market. Invest Responsibly: Only invest what you can afford to lose, as the cryptocurrency market remains unpredictable. Conclusion: Dogwifhat has emerged as a popular meme coin with a strong community and impressive initial growth. The technical analysis on the 4-hour timeframe suggests a potential bullish breakout from a falling wedge pattern. However, due to its recent launch and lack of utility, it's crucial to approach it with caution, conduct your own research, and employ a well-informed investment strategy.
Long
by ParabolicP
31
WIFUSDT 4HInterval Chart ReviewHello everyone, let's take a look at the 4H WIF to USDT chart as we can see that the price is recovering but still above the uptrend line. Let's start by setting goals for the near future that we can include: T1 = $4.17 T2 = $4.83 AND T3 = $5.91 Now let's move on to the stop-loss in case of further market declines: SL1 = $3.66 SL2 = $3.23 SL3 = $2.55 AND SL3 = $2.55 Looking at the RSI indicator, you can see that the local upward trend line has been broken with room for further recovery. However, the STOCH indicator also confirms a strong downward movement and there is also room for the price to go lower, which indicates extreme caution.
by cryptodailyuk
Dogwifhat Bulls Charge Ahead: Eyes Set on New All-Time HighIn a dazzling display of resilience, the Solana-based meme coin Dogwifhat ( CRYPTOCAP:WIF ) has staged an impressive comeback, surging 15% in the last 24 hours and setting its sights on a new all-time high above $4.60. The resurgence comes on the heels of a correction in the first week of April, reigniting investor interest and propelling WIF into a bullish flag pattern. After experiencing a week of consolidation, recent media trends indicate a notable uptick in CRYPTOCAP:WIF 's social dominance, suggesting a potential turning point for the cryptocurrency. Santiment's Social Dominance metric, which tracks media traction surrounding specific projects, has doubled from 0.04% to 0.08% in the last 48 hours, signaling a renewed spotlight on Dogwifhat. The recent price movements of CRYPTOCAP:WIF reflect its rollercoaster journey in the crypto market. March witnessed an astounding 505% price rally for CRYPTOCAP:WIF , followed by a pullback of 33.9% in the first week of April. However, with the current surge, CRYPTOCAP:WIF appears poised to overcome immediate resistance at $4.60, potentially paving the way for a decisive breakout towards $6 and beyond. Since its inception in December 2023, Dogwifhat ( CRYPTOCAP:WIF ) has already delivered over 2,300% gains, capturing the attention of both investors and analysts. CoinCodex, a prominent on-chain metrics and price forecasting company, offers an optimistic outlook for WIF, projecting a trading range between $3.68 and a staggering $17 by 2025. This forecast not only underscores the bullish sentiment surrounding CRYPTOCAP:WIF but also highlights its potential for substantial growth in the coming years. A surge to $17 would represent a remarkable 325% increase from its current value, cementing Dogwifhat's position as a formidable contender in the ever-evolving crypto landscape. As WIF continues to ride the waves of market sentiment and media attention, investors brace themselves for what could be a historic ascent to new heights. Dogwifhat's ( CRYPTOCAP:WIF ) daily chart depicts a bullish flag pattern which adds to the bullish trend of $WIF. The 68 Relative Strength Index (RSI) also concurs with the thesis simultaneously.
Long
by DEXWireNews
1