dogwifhat

Convergence

Rise

Divergence

The post <a href="https://coinpedia.org/price-analysis/wif-price-to-surge-20-this-month-as-the-bulls-hint-at-a-bullish-price-action/">WIF Price To Surge 20% This Month As the Bulls Hint At A Bullish Price Action?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Despite the completion of the <a href="https://coinpedia.org/news/bitcoin-halving-2024-unveiling-the-impact-on-btc-price-and-crypto-market-dynamics/">4th Bitcoin Halving</a>, the cryptocurrency industry has displayed a neutral price action over the past weekend, highlighting stability in the crypto market. Positively, the memecoin category displayed a bullish reversal with top <a href="https://coinpedia.org/news/memecoin-mania-heres-how-trader-turned-1-49-million-in-2-days/">memecoins</a> trading under a bullish influence during this time. 
On the other hand, the <a href="https://markets.coinpedia.org/solana/">Solana</a> ecosystem has displayed a weak price action, resulting in the blockchain’s second most successful memecoin, the <a href="https://markets.coinpedia.org/dogwifhat-eth/">dogwifhat</a> price recording a correction of 4.42% within the past 24 hours.&nbsp; 
<h2 class="wp-block-heading" id="h-dogwifhat-price-hints-at-a-bullish-breakout">dogwifhat Price Hints At A Bullish Breakout!</h2> 
The <a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/">WIF price</a> continues hovering close to its important resistance level of $3.050, indicating a strong liquidation point. Despite recording a correction of over 4% within the past day, the dogwifhat memecoin has successfully formed a cup and handle pattern in the 1D time frame. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/ZsJob-ULjyN1uJcL168JHRLSI1KiWOuF16erJtRRLxo2Kw6CiHiT2ZVn3ZSIbNWk1YToH7uItvWrQ1IdtTw-7IiyaGTVrslSS0WiWCEdKMG2N-cYHAZLHYs5YmgyW1vOB7ZdVu9e1J0jtUKRP_2cDWk" alt="WIF Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: WIF/USDT
 </figcaption>
</figure> 
At the time of writing, the price of the WIF token was $3.004. Positively, the dogwifhat price has added 25.32% within the past 30 days and its YTD stands at 1,900.1%. Moreover, the Simple Moving Average (SMA) shows a bullish convergence, indicating a strong bullpower in the crypto market. 
The Moving Average Convergence Divergence (MACD) displays a constant decline in the red histogram, indicating a decrease in the selling pressure within the market. Moreover, the averages show a high possibility of a bullish convergence, suggesting a bullish price action for the WIF crypto this month. 
Also Check Out : <a href="https://coinpedia.org/price-analysis/memecoins-regain-strength-doge-price-building-pressure-while-dogwifhat-surges-above-15/">Memecoins Regain Strength, DOGE Price Building Pressure, While dogwifhat Surges Above 15%</a> 
<h2 class="wp-block-heading" id="h-will-wif-price-rise-back-up">Will WIF Price Rise Back Up?</h2> 
If the market pushes the price above the resistance level of $3.050, the bulls will regain momentum and test its resistance level of $3.90. Moreover, if the bulls hold the price at that level, it will set the stage for the WIF price to attempt to test its upper resistance level of $4.58 during the upcoming months. 
Conversely, bearish price action could lead the price toward its crucial support level of $2.09 this month. 
Read Also : <a href="https://coinpedia.org/news/memecoin-mania-heres-how-trader-turned-1-49-million-in-2-days/">Memecoin Mania : Here’s How Trader Turned $1.49 Million in 2 Days</a>

WIF Price To Surge 20% This Month As the Bulls Hint At A Bullish Price Action?

Table of Contents

CoinPedia News

Other articles published on Apr 22, 2024

Melania Trump Introduces Exclusive Mother’s Day Jewelry and NFT Line

XRP Market Reacts to Whale Movements Amid Legal Developments

Experienced Analyst Announces Data Rarely Mentioned in Bitcoin: Shares What’s Next if $66,000 is ...

Dogecoin (DOGE) Price to Reach $1 in the Coming Weeks: Analyst Predicts

Bitcoin and Halving Assessment from a Popular Analyst: "BTC's Days Below 100 Thousand Dollars Are...

Bitcoin shatters halving theory; This is when BTC will peak

Join our free newsletter for daily crypto updates!