The hype around memcoins helped the price of Dogwifhat (WIF) to update its highs throughout March. Looks like it might happen again. As buying pressure increases, the price of Dogwifhat (WIF) could jump if it can clear an important resistance. Meanwhile, KangaMoon (KANG), a new memecoin with the community lens and gamified features, is making inroads to the DeFi segment. The presale campaign has been going on for some time now and has already raised over $4.5 million. It is now close to surpassing its expectations, and the total amount could go up to as much as $5 million by the end of the week.
Dogwifhat is gaining popularity among investors
Popular dog-themed meme coin dogwifhat could see a sharp rally in the coming days, thanks to increased bullish investor sentiment. This is indicated by the Chaikin indicator, which is currently significantly above the zero line.
This metric measures the movement of cash flows into and out of an asset based on volume and price changes. It helps identify buying and selling pressure, as well as detect potential reversal points or trend confirmations. Right now, dogwifhat is seeing increased buying pressure, and this could lead to a price rally.
Additionally, the MACD is also close to a bullish reversal. This momentum indicator shows the relationship between two moving averages of an asset’s price. It helps identify potential buy and sell signals based on MA crossovers and divergences. Now the indicator is on the verge of a bullish crossover, and the impact of such an event on the price will also be bullish.
WIF forecast: should we expect Dogwifhat breakthrough soon?
Now the WIF price is moving inside the symmetrical triangle pattern , holding at the time of writing around $3.50. The coin is close to a bullish triangle breakout and according to this pattern, it could reach the target level at $5.3.
This would represent a rally of 43.8%, and given the increasing buying pressure, this could happen over the next few trading sessions. However, if the trendline support (lower boundary of the pattern) is broken, the price of WIF could drop to $3, invalidating the bullish scenario and pushing the meme coin to even lower levels.
KangaMoon Presale Soars Towards Record-Breaking $5M Target
KangaMoon (KANG), a fresh memecoin with the community lens and gamified features, is making inroads to the DeFi segment. The fundraising campaign has been going on for some time now and has already raised over $4.5 million. It is now close to surpassing its expectations, and the total amount could go up to as much as $5 million by the end of the week. This is the amazing performance where only 20% of presale tokens have been sold in the current stage. The strong showing highlights the excitement surrounding KangaMoon’s unique offerings, which include:The strong showing highlights the excitement surrounding KangaMoon’s unique offerings, which include:
Rewarding Social Media Engagement
SocialFi is utilized by KangaMoon, enabling the distribution of KANG tokens to both new and existing holders who simply comment and share posts on social media platforms.
Play-to-Earn Battle Gameplay
KangaMoon has a gaming model in which users can collect tokens as a result of the PvP-themed gameplay.
Explosive Price Growth
The token’s price has already blown through the roof with a whooping 290% increase from the initial $0.005 to the current $0.0196. According to experts, the initial 1000% increase should be just the beginning, with a prospect of the coin to be listed on major cryptocurrency exchanges.
KangaMoon Poised to Outshine Top Memecoins
Kangamoon has not only enjoyed a presale success but also showcased its community involvement and entertainment. The project already has more than 20,000 registered users and is very actively working towards creating a large and loyal user base. The most important characteristic of KangaMoon is its devoted fan base, which, when combined with its innovative features of GameFi and SocialFi, makes it a potential candidate to outperform the established memecoins Shiba Inu and Pepe in the future.
