Paper Hands Drag Down Dogwifhat and BONK Prices, While Institutional Investors Bet Big on Algotech for Promising 25x Returns
The post Paper Hands Drag Down Dogwifhat and BONK Prices, While Institutional Investors Bet Big on Algotech for Promising 25x Returns appeared on BitcoinEthereumNews.com.
DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please . Crypto space experiences volatility as billions in market cap are wiped off in minutes. As the broader bearish sentiment captivates the bull market, Dogwifhat (WIF) and BONK face massive downtrends due to the selling pressure caused by paper hands. Despite efforts to fight the bearish sentiment, the meme coins remain in the consolidation phase. Institutional investors shift toward Algotech (ALGT) from these popular meme coins eyeing Algotech’s remarkable features and exponential growth. The massive inflow of substantial resources has influenced the market position of Algotech, resulting in skyrocketing presale. Dogwifhat (WIF) Price Analysis: WIF Stays In Consolidation Zone Dogwifhat (WIF) was struggling to reclaim its price of $2.2 when the specter of Mt. Gox struck the market causing massive destruction of nearly $100 billion. Mt. Gox caused market volatility resulting in the prevalence of a bearish trend. Dogwifhat (WIF) fell to a crucial resistance zone, plunging back to $1.51. The Dogwifhat (WIF) price has been trading below the key support levels, between $2.15 and $2.28 since the end of June. Regretfully, the bears rendered an endeavour to breach these levels ineffective; consequently, the bulls have also thwarted an additional attempt to lower the levels below $1.5. The RSI has triggered a bullish reversal, and the OBV (on-balance volume) suggests that there may have been a reversal similar to that of the last week of June. Dogwifhat (WIF) price is predicted to stay consolidated within this range until a significant buying volume enters the market, given the confused sentiment of the market. Selling pressure in these circumstances has further hampered the price performance.…
Filed under: News - @ July 13, 2024 9:04 pm