WIF, after weeks of price decline, is starting to show growth. This surge is notable among other market assets.
Dogwifhat (WIF) Technical Analysis
According to expert technical analysis, WIF has broken out of a descending price pattern and successfully retested its crucial support level of $1.80, marking the third occurrence since November 2024. Source: Trading View
WIF Price Prediction
Based on historical price trends, whenever WIF reaches this level, it experiences buying pressure and remarkable upward momentum. Analysts foresee a similar increase in the future. If WIF can breach the descending triangle and close a four-hour candle above $1.945, it could reach the $2.65 mark, representing a 35% increase. However, success hinges on closing above the inclined trendline; otherwise, failure is possible.
$16 Million WIF Outflow
In addition to bullish price movements, investors have persistently accumulated tokens, despite challenges in gaining momentum. Coinglass reports a $16 million outflow noted in cryptocurrency exchanges, indicating assets moving from exchanges to wallets, potentially signaling upward momentum and a good buying opportunity. Source: Coinglass
Currently, WIF is trading near $1.92, showing upward momentum of over 4% in the last 24 hours. Trading volume has also soared by 15%, reflecting increased trader and investor engagement post-breakout.
