The Wrapped Dog price surged 20% in the last 24 hours to trade at $0.01308 as of 6.45 a.m. EST on trading volume that skyrocketed 44% to $5.27 million.
WDOG has traded against the market for the majority of the past week. Its price usually dropped whenever Bitcoin was leading the market up, and it surged when BTC was seeing a correction.
The project did not receive a lot of media coverage in the past month, nor did it share a lot in way of announcements on social media, but even so it has surged around 30% in that period.
Now, it is starting a recovery from its third rejection by a resistance at $0.014, and it is seemingly ready to tackle it again.
Wrapped Dog Price Prediction
The Wrapped Dog price is rapidly climbing once again, approaching the resistance at $0.014, and technical indicators are showing that the meme coin is very likely to retest it for the fourth time today, and potentially even breach it.
Its Bollinger bands remain quite wide, although right now, they are moving sideways. But, the price, which was on its way down to the lower band, suddenly took off, going back up again, reaching and exceeding the middle point between the two lines. In fact, it is approaching the upper band right now, and it might start pushing it upwards if the resistance finally breaks.
In other words, the bands are showing bullish signals, which means that it might not be too late to buy WDOG yet.
The project’s Relative Strength Index (RSI) performance confirms both the surge and the fact that the resistance could be breached. The first time when the price encountered the resistance, the RSI was already deep in the overbought zone, near the value of 80. In other words, it is not at all surprising that traders have started selling, and that the price dropped as a result.
The second and third time, the RSI was very close to the start of the overbought area, which likely made traders uneasy and unwilling to take that risk, which led to further rejections.
Now, however, the price is once again closing in at the resistance while the RSI remains in the neutral area, with a current value of 57.29, suggesting that there is plenty of room left to grow.
Unless the market takes an unexpected turn and it affects WDOG as well, the price could easily be pushed back up to $0.014 before the RSI-following traders decide it is time to sell.
The only question is whether the buyers are bullish enough to persist and push the token’s value further up.
Promising Alternative To Wrapped Dog
With WDOG surrounded by some uncertainty, investors might want to consider an alternative like Memebet Casino (MEMEBET Token), which has surged past $424k in funds raised in about a month since its presale launched, bringing in well over 1,000 investors.
The reason why investors are so interested in the token is that its platform, Memebet Casino, is the first web and Telegram casino specifically designed to allow users to play games with meme coins.
Due to the meme coin sector’s rapid growth in the past 10 months, not a lot of other platforms have had time to incorporate them, so MEMEBET Token saw an opportunity to fill that gap and grant meme coins like Dogecoin, Pepe, Shiba Inu, and others an important new utility in the GameFi sector.
With thousands of games available on its platforms, there is something for everyone. Crypto analyst ClayBro, a YouTuber with over 130k subscribers, says that MEMEBET Token is giving off bullish signals.
MEMEBET Token sells for only $0.0257, and you can buy it with ETH, USDT, BNB, MATIC, or credit/debit cards. Buy before a price hike in less than 20 hours for the best deal.
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