The WIF On ETH price has surged 43,887% in the last 24 hours to trade at $0.002913 as of 7:10 a.m. EST and is trending in second place on Dextools.io.

WIF On ETH Price Trades Within The Rising Channel

The WIF price shows a battle between the bulls and bears trying to control it, resulting in a rising channel pattern. This pattern suggests strong buying pressure.

WIFUSD Analysis. Source: Dextools.io

Despite the bears’ recent correction, the bulls are poised to drive the price higher and push it above the $0.003508 all-time high, indicating a bullish trend reversal on the lower trendline of the rising channel.

Moreover, the price currently trades above the 50 and 200 simple moving averages (SMA), indicating support for the WIF’s upward trajectory and reinforcing general bullish market sentiment.

The MACD line is above the signal line, and a green histogram indicates growing investor interest. 

Moreover, the Relative Strength Index (RSI) indicates a rebound from the midline level of 50, indicating strong buying pressure for the WIF price.

WIF price bulls are determined to push the price above the rising channel, offering the bulls the opportunity to fly the price from the $0.001813 support zone. This sustained increase in its price suggests it might hit a new high soon, marking a significant recovery.

Conversely, if the bears continue the downturn, a slip below the rising channel could drive the price to the $0.0008847 support level.

The Next 100X Opportunity?

Meanwhile, some analysts say WienerAI, a new dog-themed meme coin with AI features, might be the next meme coin to explode. It has already raised over $1.6 million in its presale as investors are drawn to its combination of two of the hottest niches in crypto: meme coins and AI.

CONGRATS!

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— WienerAI (@WienerDogAI) May 11, 2024

WienerAI is one of the few new meme coins that includes an AI element, which introduces a level of utility not commonly associated with these fun cryptos.

Equipped with cutting-edge AI investment models, WienerAI detects potential trading opportunities and thus assists users in making wiser investment choices.

In addition, the WienerAI ecosystem includes a seamless swap protocol and MEV protection. What’s more, all of these capabilities come with zero fees.

How staking your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq

— WienerAI (@WienerDogAI) May 9, 2024

Investors also can stake WAI tokens for an annual return of 577%. As staking yields decline over time, it’s always best to get in early. 

Analyst and YouTuber Crypto Gains, with more than 180k subscribers, says WienerAI might be the next big 100x opportunity.

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Wiener AI tokens are currently priced at $0.000706 each. But with a price hike coming in less than 16 hours, it’s best to buy soon if you are attracted to the project.

Buy WAI tokens on the official website here using ETH, BNB, USDT, or a bank card.

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• Source: https://insidebitcoins.com/news/is-it-too-late-to-buy-wif-wif-on-eth-price-soars-43887-as-analysts-say-this-might-be-the-next-meme-coin-to-explode