Dogwifhat has increased by over 20% in the last seven days, making it the highest gainer among the top memcoins.
This surge has positioned it fourth among memecoins in terms of market capitalization. As of this writing, its market capitalization was over $2.2 billion.
Despite its strong weekly performance, dogwifhat has shown some instability in the past 24 hours, oscillating between gains and losses. As of this writing, a slight decline of less than 1% was noted.If dogwifhat continued to experience more gains than losses for the remainder of the week, it could close as one of the top gainers.on a daily time frame chart, as reported by AMBCrypto, highlighted a pattern of more gains than losses in recent days.
The memecoin closed trading on the 1st of June with an encouraging increase of over 3%, with its price reaching around $2.27. This rise marked the second consecutive day of gains for dogwifhat, suggesting a positive short-term trend in its trading activity.Despite a subsequent decline of over 1%, dogwifhat has managed to sustain a trading price around the $2.2 range, indicating some level of price stability despite the pullback.
Further insights from its Relative Strength Index analysis showed that the RSI was just below the neutral line of 50. This positioning suggested that WIF was currently in a bear trend, albeit weakening.Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations.
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