Dog in a Hat Price Prediction: WIF surges 13% on Binance listing news, speculation that Smog competitor Smog may be next

The price of doghatcoin has risen by 13% in the past 24 hours, reaching $1.85 at 7:45 a.m. As investors rush to buy the meme coin, Binance will list @dogwifcoin #WIF on its platform and apply the seed tag.
This move by Binance has boosted the price of Solana memecoin. Today, the leading cryptocurrency exchange announced in an X post that it has added several trading pairs to the spot market for the doghat coin. These trading pairs include BTC, USDT, FDUSD, and TRY.
The price of Dog Hat Coin escapes the consolidation range
WIF/USDT 4-hour chart (Source: TradingView)
In the past eight hours, the price of Dogecoin has managed to break out of the short-term consolidation channel between $1.29825 and $1.78722. It has also managed to break out of the negative trendline on the 4-hour chart that was formed over the past 24 hours. If the memecoin closes a 4-hour candlestick above $1.78722 in the next 48 hours, it could have the basis to continue its upward move.
This bullish view may be invalidated if the DOGcoin price fails to close a 4-hour candlestick above $1.78722 within the next 24 hours. In such a case, the meme coin may revisit the aforementioned consolidation channel, which may test the $1.29825 support level. Sustained selling pressure may put the cryptocurrency at risk of a drop to $0.76855 in the near term.
Technical indicators suggest that the price of Dogecoin may continue to rise
Technical indicators on the 4-hour chart of WIF suggest that the price of Dogecoin could continue to rise over the next few days. Specifically, the Moving Average Convergence/Divergence indicator (MACD) is about to trigger an important bullish technical signal. The MACD line is attempting to cross over the MACD signal line. Traders often view this potential crossover as a buy signal as it indicates that the cryptocurrency has entered a bullish cycle.
The Relative Strength Index (RSI) line is also rising towards the Simple Moving Average (SMA) line on the 4-hour chart. It has already tried to break above the SMA line in the past 8 hours but was rejected. Nonetheless, investors will be keeping a close eye on a possible crossover between these two lines as the rising RSI line indicates increased power of buyers over sellers. Although the SMA is above the RSI, indicating that bears still have the upper hand, the gap between the RSI and SMA lines has narrowed significantly. This opens up opportunities for the bulls to take the initiative and drive the price of Dogecoin higher when the opportunity arises.
With the price of Doghatcoin poised for a potentially sharp rise in the coming days, investors are wondering if its Solana memecoin competitor Smog will be the next coin to be listed on Binance.
Smog achieves three new milestones
Smog is the latest memecoin to enter the burgeoning Solana memecoin space. Over the past few days, the dragon-themed cryptocurrency has surged to new all-time highs above $0.127, advancing one decimal point further.
The number of Smog holders also increased from 32,000 on March 1 to more than 43,000 48 hours later. The decentralized exchange Jupiter also included Smog on its strict list. This means that the platform's development team has verified it to offer it as a core token. This adds a layer of validity to this young meme coin.
The Solana memecoin craze has propelled previous coins like Bonk, Myro, and Doghatcoin into the memecoin hall of fame.
With Binance announcing the opening of WIF trading on its platform and Bonk already listed on the exchange, Smog could be the next SOL meme coin to be added to Binance’s extensive list of cryptocurrency trading options.
Potential for Binance Listing
Not only does a listing on Binance open up a cryptocurrency to a wider group of investors, but in the past, a cryptocurrency’s listing on the platform has also led to significant growth in its price. Cryptocurrency investors Ren & Heinrich analyzed the impact of a cryptocurrency’s listing on Binance on its price on January 4, 2023.
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