Price Analysis

Dogwifhat Surges Amid Bullish Action! WIF Price To Surge 20% Soon?

Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3 Web3

The cryptocurrency market leader, Bitcoin price, has displayed a bullish price action by recording a jump of 2.85% within the past day. This resulted in the memecoins category experiencing a significant jump in their respective portfolios.

With the increased price action in the crypto industry within the past 24 hours, Solana price and memecoins on its network have also experienced a positive price action with dogwifhat (WIF) price adding approximately 5% during this time.

Dogwifhat Fails To Break Out Of Its Resistance Zone:

Despite increased price volatility in the crypto space, the WIF price continues to hover close to its support/resistance level of $3.050 from the past week, indicating a weak buying and selling sentiment for the memecoin in the crypto industry.

TradingView: WIF/USDT

Furthermore, the dogwifhat token continues to face repeated rejection at its resistance zone, indicating a strong liquidation point for the dogwifhat memecoin at that level.

The Moving Average Convergence Divergence (MACD) displays a constant flatline in the histogram, highlighting weak buying and selling pressure for the memecoin in the crypto industry. Moreover, the averages show a neutral trend, suggesting a mixed sentiment for the dogwifhat price in the crypto space.

On the other hand, the Simple Moving Average (SMA) shows a high possibility of a bearish convergence in the 1D time frame, suggesting a negative outlook for the WIF memecoin in the coming time.

How High Will WIF Price Go?

If the market holds the dogwifhat (WIF) price above its support level of $3.050, the bulls will regain momentum and prepare to test its resistance level of $3.9075 this month.

Conversely, if the bears overpowered the bulls, the WIF coin price would break down its support level of $3.050 and plunge toward its lower support level of $2.09 during the upcoming weeks.

SOURCE

Leave a Comment

EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnTEnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT EnT