The price of Dogwifhat (WIF) is showing signs of recovery after a period of decline. Chart analysis reveals important levels to watch.
Current Market Situation for WIF
After a week of fading momentum, WIF has started to show signs of life. According to a tweet from Coinpedia, at the time of publication, the price was at **$0.935**. It was noted that overcoming the **$1.078** level is necessary for recovery. However, the price has slightly pulled back to around **$0.88**, similar to trends in the broader crypto market.
Key WIF Price Levels
According to Coinpedia, **$1.078** is the critical resistance level that WIF needs to surpass. This level coincides with the 200-day EMA, and breaking above it may open the path to the next target around **$1.389**. The key support level is found at **$0.80**.
Short-Term WIF Price Prediction
Despite the recent dip to **$0.88**, the current price structure for WIF remains intact. If the price holds above the support line, there is a possibility that WIF will retest **$1.00** again. Conversely, if the price falls below **$0.80**, the next support levels could be around **$0.70** and **$0.60**.
In the coming days, key levels will be critical for WIF. If positive indicators like the MACD and RSI hold, this could intensify buying interest.
