Dogwifhat (WIF) To Bounce Back After Correction?

In this article, we will look at Dogwifhat crypto next target along with weekly analysis and news roundup.

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DogWifHat Crypto Next Target

• Current Price: $1.70
• 24h Price Range: $1.71 – $1.89
• Market Cap: $1,724,087,655
• 24h Trading Volume: $774,052,084
• Circulating Supply: 998,926,392 WIF
• Total Supply: 998,926,392 WIF

Trends are mixed. Price had a bearish breakout from a Channel Up pattern and also broke below $2.00 support, which signals downtrend. After reaching oversold levels (RSI < 30), it has bounced up and is attacking the $2.00 key level.

We wait for price to put in a Higher Low – meaning, we wait for price to pull back again but stay above the prior low of $1.50. Higher Lows and Higher Highs are signs of Uptrend

Weekly Price Analysis

• Recent High: $2.00 (seen within the last week)
• Recent Low: $1.51

Pattern: Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken.

Once price breaks below support, it can move lower to the next support level.

Price Trend

Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.

Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).

Support and Resistance: Nearest Support Zone is $1.50. Nearest Resistance Zone is $3.50, then $4.20.

Crypto News Roundup

Overall, Dogwifhat (WIF) is navigating a volatile market, characteristic of meme coins. Investors are closely watching its movements, especially within the Solana ecosystem where it holds a notable position.

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