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dogwifhat / Wrapped SOL

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WIFSOL_6QGYDW.USD trade ideas

Analyzing the price chart shows a solid upward trajectory from tOn the daily chart, the mid-October dip may raise concerns for some investors. However, it's important to consider the broader market context; after a prolonged uptrend, minor corrections are typical and can present valuable entry opportunities for new investors. With a robust market capitalization of $2.4 billion and a total supply of 998.85 million tokens, Dogwifhat's price closely correlates with its market cap, which is vital for assessing the token’s valuation and potential future movements. Analyzing the price chart shows a solid upward trajectory from the order block, particularly since its low in August, characterized by a sequence of higher lows. Nevertheless, caution is warranted as the token approaches a critical high volume profile level (VP-$2.3119), where it may risk losing support. Should the price drop below this volume profile, it could trigger a more significant decline, potentially around 36%, if it breaches further support levels. Investors should weigh both long and short positions based on forthcoming market trends. A successful breakout for Dogwifhat could lead to potential gains of 50%, aiming for approximately $3.50.
BITFINEX:WIFUSDLong
by Yash_Jain_1309
Can WIF price Test $5 Again? When Bitcoin made its all-time high in March 2024, WIF surged to $4.85. However, both have since declined, with WIF experiencing a steeper drop. This decline has formed a falling wedge pattern, marked by a series of lower lows throughout Q2 and Q3 of 2024. In Q4, WIF's price reignited, crossing a high-volume profile level and surging 21% intraday. It is now approaching the upper boundary of the wedge. With improving conditions in the crypto space and Bitcoin's recovery, the next move for WIF could be substantial. The likelihood of a bullish breakout continuation from the falling wedge has increased, potentially pushing WIF towards the $5 mark. According to WIF price predictions, short-term targets are set at $3.00, with long-term targets at $4.00 and $5.00. However, if WIF fails to maintain momentum and falls below the critical support level of $2.31, investor confidence could be shaken. Therefore, investors should avoid FOMO and DYOR.
BITFINEX:WIFUSDLong
by Yash_Jain_1309
Dogwifhat Investors Could See 40% Gains If Surpasses This IntereDogwifhat Investors Could See 40% Gains If Surpasses This Interesting Level? Despite the recent market improvements, Dogwifhat price is struggling to get out of a 2 month consolidation. The weighted sentiment curve has entered the positive territory indicating a bullish outlook ahead. Unlike few altcoins which have taken benefit of the improved investor's confidence and surged higher following Bitcoin. Dogwifhat Price has witnessed a range bound trading since August looking for buying volumes to enter the market. Moreover, the consolidation over the daily chart is part of a larger correction phase in the meme coin running since June 2024. The WIF cryptocurrency noted a strong surge in the first half of 2024 followed by a prolonged correction in the later half. The ongoing correction phase has been preventing Dogwifhat from participating in the current bull run. However, as per our analysts, WIF crypto is in the last phase of correction and might be preparing for strong moves in the upcoming sessions. Let's analyze and try to figure out the factors that may contribute to a breakout of WIF from a prolonged correction. WIF Investors Sentiment Positive Despite A Correction Dogwifhat price was exchanging hands close to $1.76 recording a mild 0.45% gain in intraday. The price lags 63.5% below its All time high recorded in March 2024 at $4.85. However, the recent sessions saw some positive developments in the price as well as volume. The recent efforts by the bulls suggest a potential rally on the cards, however, the lower timeframe i.e. 4-hour analysis states that WIF could face challenges near the $1.96 level which is also the higher boundary of consolidation. The 4-hour chart analysis highlights the recent efforts by the bulls to attain a breakout and enter bullish territory. The daily transaction volume has dropped by 10.6% to $427.6 Million. Moreover, in tandem with the recent recovery, a notable change in the weighted sentiment curve was observed. The weighted sentiment curve is an on-chain metric used to identify the change in domination of bulls or bears at the moment. As per the data, the positive sentiments surged in the recent sessions indicating optimism amid the market recovery. The weighted sentiment curve has entered the positive territory surpassing the zero line indicating optimistic days ahead. Dogwifhat Price Prediction: Can Improved Market Conditions Trigger A Breakout? The daily chart highlights a battle for the fittest going on for the last two months between the bulls and bears. The bulls have established themselves near the $1.25 level whereas the bears have held tightly near $1.96 level. A breakout on the higher side could flip the recent resistance in the support and WIF price could show further gains. On a successful breakout, the WIF investors could experience a straight 40% gain in asset price till $2.81 level. However, a breakdown below the lower range of consolidation i.e. $1.25 level may trigger a long unwinding among the WIF investors who are in hope of a possible reversal. The price may then continue to bleed further till the lower $1 support zone. The technical indicators exponential moving averages of 20 and 50 days present a bullish outlook at the moment. Also, RSI line was placed at 58.4 points and the 14 day SMA line was at 49.6 points and headed higher affirming a positive growth in the price.
CRYPTO:WIFUSDLong
by Ritika_TCR
Decoding; What WIF Price Can Do In Short-Term & Long-Term?Decoding; What WIF Price Can Do In Short-Term & Long-Term? When Bitcoin reached its all-time high in March, Q1-2024, WIF surged to $4.85. Since then, both have declined, with WIF experiencing a sharper drop. The fall in WIF's price has formed a falling wedge, characterized by a series of lower lows in Q2 and Q3 of 2024. Currently, WIF has surged 15% intraday and is nearing the wedge's upper border. The price action in Q3 has also formed a symmetrical triangle within the wedge. These patterns suggest that the next move could be significantly large, driven by market optimism and Bitcoin's performance. The chances of a breakout appear strong. For WIF's price to rise, it needs to show confidence by sustaining above the $2.31 change of character level. According to WIF price predictions, short-term targets are set at $2.31 and $3.00, while long-term targets are near $4.00 and $5.00. However, if confidence isn't established, WIF might continue to consolidate.
BITFINEX:WIFUSDLong
by Yash_Jain_1309
the bulls show optimism could drive to further highsOver the daily chart, the WIF has formed support at the $1.4973 support zone, which is a key level, at the time of writing. The WIF price has consecutively tested this zone by multiple attempts. Now, if the bulls show high interest, the optimism could drive a further increase in the WIF price. If the price breaks the trendline, the resistance would be $2.3119 and $3.0261. Failure to do so could lead back to the zone at $1.4973, and knocking that could lead to a further downfall.
BITFINEX:WIFUSDLong
by Yash_Jain_1309
Dogwifhat Under Bearish Influence: Recovery on the HorizonDogwifhat Under Bearish Influence: Recovery on the Horizon or More Pain? The Open interest contracts have dropped by nearly 20% in the last three sessions indicating an Outflow. At the time of writing, WIF price was exchanging hands close to $1.61 recording a bullish development of 3.20% in intraday. Bitcoin's fall below the $60K level has weakened the investors sentiment as the investors seemed to be pulling out their investments from the altcoins. The recent development in the Bitcoin's price above the $60K had added a relief to the investors. However, the investors again seemed to be in panic as the BTC price failed to sustain above the $60K level and loomed below. Another altcoin Dogwifhat crashed nearly 20% in the last three sessions indicating the waning interest of the investors. The recent crash in the price has decreased the probability of a recovery by Dogwifhat. The bulls seemed to have lost the recent gains however the price still hovers higher than the previous swing low indicating the buyers presence. Let's analyze and try to find out whether Dogwifhat can be a good pick for Next month. Open Interest Data Highlights A 20% Outflow Moreover, the recent session saw a comeback by the bears after the price suffered from a 200 day EMA. In tandem with the price drop, the analysts have noted a significant drop in the derivatives segment. The Open interest contracts have dropped from $213 Million to $171 Million indicating a loss of nearly 20% in the last couple of sessions. A sharp drop in the OI data indicates a long unwinding by the derivatives investors. Moreover, the volume to market cap ratio has surged to 29.6% indicating high volatility in the crypto. with a live market capitalization of $1.6 Billion, WIF ranks 49th in the crypto space. Can Dogwifhat Recover Again Or Fail? From a technical point of view, Dogwifhat crypto has been in a correction phase since May. The price has suffered multiple rejection from an upper trendline resistance and slumped down. The WIF was trading below the key Exponential moving average of 20, 50 and 200 day indicating bearish trend in the long term as well as short term. At the time of writing, Dogwifhat was exchanging hands close to $1.61 indicating a positive intraday development of 3.2%. On the higher side, if the price breaks above the $1.85 it may validate the short term bullishness and the crypto may surge higher towards the next $2 psychological level. On the contrary, if the selling pressure resumes and pushes the price below the recent swing low of $1.4 level, it may indicate a bearish continuation and the price may drop towards the $1 psychological level. Bitcoin's drop below $60K has led to investor panic, causing a pullout from altcoins. Dogwifhat experienced a downfall of nearly 20% in three sessions. Moreover, the price drop was accompanied by a significant decline in open interest contracts, indicating long unwinding by derivatives investors. Dogwifhat's volume-to-market cap ratio surged to 29.6%, showing high volatility. From a technical perspective, Dogwifhat has been in a correction phase since May, trading below key moving averages. Currently at $1.61, WIF price was trading at a 3.2% intraday gain. Now, a break above $1.85 could signal short-term bullishness, while a drop below $1.4 may lead to further declines towards $1.
CRYPTO:WIFUSDShort
by Ritika_TCR
1
Price Action Overview In dogwifhat (WIF)? Analyzing the price action of dogwifhat (WIF) on the day timeframe chart. The price structure displayed a remarkable 1102% increase in WIF price from $0.389 on February 26th, 2024, to $4.820 by March 31st, 2024. However, the peak formed instability in dogwifhat price and led to the development of support at $2.3119 after dipping to $1.96 by April 13th, 2024. This support level appears to be the critical volume profile level characterized by the significant high volume present at that level. Following the continued price activity, it peaked at $4.08 on May 29th, 2024, the price deteriorated sharply, shooting a breakdown by resonating with BTC price sentiments before. WIF formed support at the $1.497 support zone, which is crucial at the time of writing, as it has consecutively tested this level twice and grabbed liquidity on the third attempt. Now, to break past the volume profile tool-based $2.3119 level, bulls need to show high interest, and then optimism could increase in the asset price. If the price breaks the VP, the resistance would be $3.0261 and $4.0883. Failure to do so could lead back to $1.4973, and knocking that could lead to a $1.0101 mark. Indicators Angle In WIF Indicators-wise, the histogram in MACD looks flat and momentumless, below the zero line at 0.06645. Meanwhile, RSI has taken a jump from 14-SMA of RSI, as of writing flashed at 44.83, recovering from oversold territory. Furthermore, the price of WIF is approaching the 50-day EMA on a micro-level from below. However, to experience a significant price surge, WIF needs to gain higher momentum to break past both the volume profile and the dynamic resistance of the 50-day EMA band, respectively.
BITFINEX:WIFUSDLong
by Yash_Jain_1309
1
Dogwifhat (WIF)Dogwifhat (WIF) Dogwifhat started the week on a positive note however, the bulls could not sustain more and the price suffered rejection from the $1.80. Dogwifhat has wiped off nearly 30% of its value this week and has emerged the worst performer cryptocurrency this week. The daily chart highlights a resumption of the selling wave after a short term pullback. Earlier, WIF price encountered a strong selling pressure in the last week of July and made a breakdown of the monthly lows. The previous week saw a pullback in the Dogwifhat price after a sharp fall. However, this week, WIF could not continue with the gains and suffered losses. On the lower side, the price has 15% more room till the recent demand zone at $1.21. The sellers seem to be dominating in the short term as well as the long term and WIF may continue to erase the gains. The technical indicators are leaving a bearish note on a combined analysis.
CRYPTO:WIFUSDShort
by Ritika_TCR
Dodgwifhat Sees Recovery Prospects as Market Sentiment Improves Dodgwifhat Sees Recovery Prospects as Market Sentiment Improves Dogwifhat has recovered nearly 50% in the last couple of sessions suggesting a strong comeback by the bulls. The open interest contracts have surged nearly 30% in the last 24 hours indicating improved sentiment. Dogwifhat price took a strong rebound and has recovered nearly 50% from the bottom in the last couple of sessions. Various negative news in the markets led to sharp crashes in the cryptocurrency markets. However, it seems to be stabilizing now as several cryptocurrencies have started snapping off the losses as observed in the last couple of sessions. At the time of writing, Dogwifhat was exchanging hands close to $1.74, recording a robust 22.5% rise in intraday. Looking at it from the recent swing high, WIF price has recovered 50% of the losses incurred in the recent crash. Moreover, a notable growth in the open interest contracts have been observed in the last 24 hours indicating the improved investors confidence. It has a live market capitalization of $1.75 Billion and ranks 43rd in the cryptoverse. Open Interest Contracts Jumps By 30% a Day The recent crash in the crypto markets led to a significant impact on the altcoins. Along with the blue chip cryptocurrencies, the altcoins noted a sharp crash triggering a fear among the investors. Source: app.santiment.net However, the recovery in the last couple of sessions have added some sort of relief for the crypto investors. Dogwifhat, a popular memecoin was among the early gainers and has almost recovered the halfway. Furthermore, in tandem with a strong rebound in the WIF price, the analysts have noted a significant development in a popular on-chain metrics: Open interest data. As per the analysts, the Open interest contracts have developed from $143 million to $203 Million in a day indicating a nearly 30% rise in the OI data. A significant growth in the number of OI data suggests the improved sentiments and increasing participation of the short term traders and investors. Also, the transaction volume has surged by 13% to $813.2 Million a day. Can Dogwifhat Crypto Continue To Rise Or Fail Again? The daily chart highlights a strong rebound from the lows indicating the presence of the buyers at the lower levels. The recent recovery is backed by momentum and a significant rise in the OI data which suggests that the recovery may continue in the short term. However, on the higher side lies the key exponential moving averages which may offer resistance to WIF price. Now, if the price is able to surpass the key moving averages, it may indicate a bullish continuation and the price may show straight gains till the higher supply of $3 level. At the time of writing, the relative strength index line (RSI) has withdrawn from an oversold region and was currently placed close to 41.8 points. Also, the 14 day SMA line was placed close to 43.70 points. A bullish crossover between the RSI and SMA line may further enhance the investors sentiment. Dogwifhat has rebounded strongly, recovering nearly 50% from recent lows. Currently, WIF price was trading around $1.74 with a 22.5% intraday rise. Analysts highlight a significant increase in open interest contracts from $143 million to $203 million, indicating improved market sentiment and increased participation from short-term traders. Moreover, the daily chart shows a strong rebound, supported by momentum and rising open interest data, suggesting potential for continued short-term recovery. However, key exponential moving averages may offer resistance. If surpassed, WIF price could rise to $3. The RSI has moved from oversold to 41.8, with a bullish crossover with the 14-day SMA at 43.7. Keyword: Dodgwifhat Meta Description: Dogwifhat has rebounded strongly, recovering nearly 50% from recent lows
CRYPTO:WIFUSDLong
by Ritika_TCR
Dogwifhat (WIF)Dogwifhat (WIF) Dogwifhat is a meme token of a dog with a hat, operating on the Solana blockchain. Over the past week the crypto noted a strong downturn eroding nearly 35% of its value. The weakness in the broader market added more to the worse thus declaring WIF token as the most underperforming coin of the week. It ranks 48th in the cryptoverse with a live market capitalization of $1.70 Billion. Moreover, the recent fall has dragged WIF towards the demand of $1.5 level. Now, WIF price may take a bounce back if it gets the support of buyers from the demand. Whereas, if the selling pressure resumes, it could drag the price towards the lower support zones.
CRYPTO:WIFUSD
by Ritika_TCR
1
Sentiments On The Rise: Is Dogwifhat Ready For A Strong BreakoutSentiments On The Rise: Is Dogwifhat Ready For A Strong Breakout? The weighted sentiment curve has entered the positive territory above the zero line suggesting a bullish continuation. The daily chart highlights the retest followed by a breakout of a psychological $2 level. Dogwifhat price seemed to be pulling back this week after strong performance in the previous week. The current week yields a negative 2.1% indicating a sideways trend prevailed this week. Earlier, Dogwifhat price added over nearly 60% in the previous week breaking out of its correction phase. The price took a rebound from $1.52 and made a breakout of psychological $2 level marking an end to its correction phase. Looking in continuation with the previous week, the price sustained at the higher levels this week suggesting a potential for further growth in the price. At the time of writing, WIF price was exchanging hands close to $2.44 recording a mild negative intraday drop of 1.64%. Improved Sentiments Suggest Further Growth As per the analysts, there has been an interesting development in on-chain metrics: weighted sentiment. The positive sentiments continued to dominate the negative ones due to which the weighted sentiment entered the positive territory. The weighted sentiment curve highlights the overall biasness of the traders and investors. At the moment, the weighted sentiment curve has shifted to the positive territory surpassing the zero line indicating a bullish continuation in the price. Furthermore, the transaction volume has surged by 31.24% to $317.42 Million a day. It has a live market capitalization of $2.44 Billion and ranks 36th in the cryptoverse. Dogwifhat (WIF) is a meme coin based on the Solana blockchain, thriving on community engagement and social media hype. It originated from a popular meme featuring a Shiba Inu dog wearing a pink knitted hat. Is Dogwifhat Price Prepared For A 35% Growth The daily chart highlights retest followed by a strong breakout. On the lower side, the 50 day EMA may serve as a strong support and the price may take a rebound. On the higher side, if the bulls are able to surpass the $2.67, it could pave the way for a straight 35% growth ahead. The WIF price may reach $3.6 level on a sustained breakout above $2.67. Also, the price has surpassed the 200 day EMA suggesting a bullish long term. At the time of writing, RSI was placed at 60.1 Points and that of the 14 day SMA line was at 54.18 points above the mean line. Moreover, a bullish crossover of both the lines was observed on the chart suggesting a possible bullish trend continuation. Dogwifhat experienced a 2.1% pullback this week after a strong 60% gain the previous week rebounding from $1.52 level. This week, the price sustained higher levels, indicating potential growth. Moreover, the analysts noted a positive shift in weighted sentiment, suggesting bullish continuation. Furthermore, the daily chart shows a retest and breakout, with the 50-day EMA as support. Now, If the price surpasses $2.67, it could rise 35% to $3.6. The WIF price is above the 200-day EMA, indicating a long-term bullish trend. The RSI is at 60.1, with a bullish crossover on the 14-day SMA, supporting a bullish trend continuation.
CRYPTO:WIFUSDLong
by Ritika_TCR
he fall in Dogwifhat (WIF) formed supportOn the day timeframe chart, the past price structure displayed a tremendous 1101% advancement in WIF price from $0.389 on February 26th, 2024, to $4.820 by March 31st, 2024. However, the peak formed instability in Dogwifhat (WIF) price and developed support at the level of $2.3119 after dipping to $1.96 by April 13th, 2024, which appears to be the volume profile level based on the significant high volume present at that level. Thereon, the price tried to advance on several attempts but created an upward wedge instead. After it peaked at $4.08 on May 29th, 2024, it deteriorated majorly, shooting a breakdown by resonating with BTC. The fall in Dogwifhat (WIF) formed support at $1.497, which looks critical at the time of writing, as it has consecutively tried two times to break past the volume profile tool-based $2.3119 level. If the price breaks the VP, the resistance would be $3.02 and $4.08. failure to do so could lead back to $1.497, and knocking that could lead to a $1.01 mark. Indicators-wise, the histogram in MACD looks to be growing above zero at 0.06645, while RSI has taken a jump from 14-SMA of RSI, as of writing flashed at 55.74. Meanwhile, the price of WIF has breached the 50-day EMA on a micro-level from below, but for its price to fly, it needs a higher momentum to break past both the VP and dynamic resistance of the 50-day EMA band, respectively.
BITFINEX:WIFUSDLong
by Yash_Jain_1309
1
Decoding The WIF Price Chart To Find Whether It Can Manifest 150 On the day timeframe chart, the past price structure displayed a tremendous 1101% advancement in WIF price from $0.389 on February 26th, 2024, to $4.820 by March 31st, 2024. However, the peak formed instability in Dogwifhat (WIF) price and developed support at the level of $2.3119 after dipping to $1.96 by April 13th, 2024, which appears to be the volume profile level based on the significant high volume present at that level. Thereon, the price tried to advance on several attempts but created an upward wedge instead. After it peaked at $4.08 on May 29th, 2024, it deteriorated majorly, shooting a breakdown by resonating with BTC. The fall in Dogwifhat (WIF) formed support at $1.497, which looks critical at the time of writing, as it has consecutively tried two times to break past the volume profile tool-based $2.3119 level. If the price breaks the VP, the resistance would be $3.02 and $4.08. failure to do so could lead back to $1.497, and knocking that could lead to a $1.01 mark. Indicators-wise, the histogram in MACD looks to be growing above zero at 0.06645, while RSI has taken a jump from 14-SMA of RSI, as of writing flashed at 55.74. Meanwhile, the price of WIF has breached the 50-day EMA on a micro-level from below, but for its price to fly, it needs a higher momentum to break past both the VP and dynamic resistance of the 50-day EMA band, respectively.
BITFINEX:WIFUSDLong
by Yash_Jain_1309
1
it formed an upward wedge, and after it peakedOn the daily graph, the past structure showed a tremendous 1100% surge from $0.399 on Feb 26th, 22024, to $4.819 by March 31st, 2024. However, the peak showed instability in WIF price and formed support at the $2.311 level after dipping to $1.97, which appears to be the major high volume level, as per the volume profile tool, by April 13th, 2024. Thereon, the price tried to advance, but instead, it formed an upward wedge, and after it peaked at $4.0 by May 29th, 2024, it fell majorly, giving a breakdown by resonating with BTC. The dip in WIF formed support at $1.49, which looks crucial at the time of writing, as it has been approaching the volume profile level of $2.311. If the price succeeds in breaking the VP, then the resistance would be $3.0 and $4.0. failure to do so could lead back to $1.49, and knocking that could lead to a $1.00 mark. Indicators-wise, the histogram in MACD looks to be growing above zero, while RSI has taken a jump from 14-SMA of RSI. Meanwhile, the price has been approaching the 50-day EMA from below in order to breach the dynamic resistance and fly. Overall indicators reflect the chart happenings, and it appears slightly bullish (at press time).
BITFINEX:WIFUSDLong
by Yash_Jain_1309
the WIF price has traded below the critical $2.0The price once had a 50% growth in May 2024 from $2.73 to $4.22. The shift in the wind gave control to bears in June, and deterioration began. Despite the fall, In the last 24 hours, the price has shown some positivity, as the volume surged 3.25%, amounting to $401.055 Million, and the WIF price surged 2.33%, where it last traded at $1.7990. In the last 48 hours, the WIF price has traded below the critical $2.0 support level; from the round level, the price is almost 10% down on the daily chart. This consistent downfall of WIF has led to a bearish trend that has seen 24.5% in the gone by week and 38.50% in the gone by month in the Dogwifhat (WIF) meme coin. Thus, it signifies the investor's enthusiasm waning for the meme coins, and it reflects the larger trend within the cryptocurrency market. Furthermore, recent price action and whale behaviors highlight that the bearish trend for WIF may continue. The psychological support of $2.0 has turned resistance now after the WIF price breached it recently. The further deterioration from here could be on the horizon if investors' confidence does not rise.
BITSTAMP:WIFUSDShort
by Yash_Jain_1309
ONDO has surged moreover, These four altcoins are also igniting to continue to burst upwards. These crypto assets looks more than ready for a massive surge, as it builds up strength to blast through the barrier and skyrocket to new levels from the current zone. Furthermore, the ONDO has surged 1.82% in the intraday, FLR showed intraday surge of 1.0%, and BNB has surged 3.30%. Meanwhile, WIF showed bearishness on intraday with dip of -1.59. Above all , Additionally, Ondo (ONDO), Dogwifhat (WIF), BNB (BNB), And Flare (FLR), all these altcoins indicator tools are highlighting optimism, as well.
BITFINEX:WIFUSDLong
by Yash_Jain_1309
the MACD indicator reflects the strengthAt press time, the WIF has traded at $3.7490, and its market caopitalization stands at 3.82 Billion. It has demonstrated good performance over the past 3 months, as the price structure grew by 335.64% on the daily chart. The WIF cryptocurrency's price is currently consolidating strongly, facing resistance at both the upper and lower boundaries, and has risen to a higher level. Technical analysis of WIF's chart suggests a potential breakout to the upside, supported by the cryptocurrency's historical trend. Recent candlesticks on the chart show bullish characteristics, indicating a possible upward movement in the near future. Based on these signals, there is a higher chance that WIF's price will continue its upward trend, breaking out of the consolidation range and moving towards higher levels. On WIF's daily chart, the 50-day Exponential Moving Average aligns with the overall price action, and the current price is trading above this EMA, suggesting a bullish short-term trend. However, the MACD indicator reflects the strength of the cryptocurrency's trading price. The MACD and the signal line have crossed in a bullish trajectory. The RSI has crossed above the 50 level and remained above it, followed by a break above the 14-day SMA. The support levels for the Dogwifhat crypto are $1.10 and $1.970, with resistance levels at $4.8 and $6.0.
CRYPTO:WIFUSDLong
by Yash_Jain_1309
1
Dogwifhat's Market Turbulence: What Lies Ahead for the Crypto?Dogwifhat's Market Turbulence: What Lies Ahead for the Crypto? Dogwifhat crypto has breached a bearish flag channel on the daily chart, signaling a potential continuation of the downtrend. The WIF token experienced a significant 15% decline over the past week, reflecting intense bearish momentum. While the overall market has shown signs of improvement recently, Dogwifhat crypto has not mirrored this trend and continued to drop lower. Over the past week, WIF crypto observed a significant downturn, dropping by more than 15%, making it one of the worst-performing assets of the week. At the time of writing, the WIF crypto was exchanging hands at $2.51 reporting a swift intraday gain of 0.56%. with a market capitalization of 2.56 Billion USD, it claims to be 45th largest by valuation in the crypto ecosystem. Given the market's current trajectory towards recovery, it's worth reevaluating Dogwifhat's potential to capitalize on the market's positive mood and stage a comeback, or whether it will continue its downward trend in the forthcoming trading sessions. The Weighted Sentiment Turns Bearish: Can WIF Crash More? The chart illustrates the varying sentiments be it positive, negative, and the aggregate weighted sentiment associated with WIF cryptocurrency over a certain timeframe. As per the chart, the weighted sentiment trajectory is trending downward, suggesting a bearish outlook and signaling a heightened possibility of a price drop. The sentiment chart provides insight into the prevailing mood of traders and investors, be it optimistic, pessimistic, or neutral. It presents a comprehensive view of the sentiments, both positive and negative, as well as the overall weighted sentiment surrounding the cryptocurrency. Can WIF Crypto Recover or Crash More? The recent closing of the WIF crypto on the daily chart has validated the collapse of the recovery channel, suggesting that the price could further decline to the next support level at $2.2 before any potential rebound. The technical indicators imply a pessimistic forecast, with the price falling below the 50-day Exponential Moving Average, which now acts as a dynamic obstacle. At the moment, the Relative Strength Index (RSI) stands at 42.8 points, and the Simple Moving Average (SMA) is at 48 points. Moreover, Both the RSI and SMA lines have retreated beneath the average line, signaling a bearish sentiment. Moreover, the occurrence of a bearish crossover underscores the persistence of selling pressure. Conclusion. Despite the broader market's recovery, Dogwifhat crypto continues to struggle, plunging over 15% last week, ranking it among the poorest performers. At the time oof writing, the crypto was exchanging hands at $2.51. the Sentiment analysis shows a bearish trend, increasing the likelihood of further price drops. Furthermore, The recent daily chart closure indicates a potential fall to the $2.2 support level. Technical indicators, with RSI placed at 42.8 and SMA at 48 points, along with a bearish crossover, suggest ongoing selling pressure and a negative outlook. Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
CRYPTO:WIFUSDShort
by Ritika_TCR
Dogwifhat (WIF) Crypto at the risk of falling more?Dogwifhat (WIF) Crypto at the risk of falling more? Dogwifhat (WIF) crypto comes second on the list of crypto losers this week, with its value dropping by 15.85% and its current trading price at $2.6. The market cap of WIF is roughly $2.59 billion, and it has seen a trading volume of $751.9 million. Despite a general uptick in the market, sentiment towards Dogwifhat remains bearish. The daily chart signals a potential bearish flag pattern, which could be confirmed if the intraday candlestick closes beneath the channel's lower limit. Support levels are identified at $2.21 and $1.6. For a shift to bullish momentum, the token must overcome the 50-day EMA and the key $3 threshold.
CRYPTO:WIFUSDShort
by Ritika_TCR