Convergence

dogwifhat

Resistance

<p>The post <a href="https://coinpedia.org/price-analysis/dogwifhat-surges-amid-bullish-action-wif-price-to-surge-20-soon/" rel="noopener noreferrer nofollow">Dogwifhat Surges Amid Bullish Action! WIF Price To Surge 20% Soon?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The cryptocurrency market leader, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a>, has displayed a bullish price action by recording a jump of 2.85% within the past day. This resulted in the memecoins category experiencing a significant jump in their respective portfolios.</p>
<p>With the increased price action in the crypto industry within the past 24 hours, <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Solana price</a> and memecoins on its network have also experienced a positive price action with dogwifhat (WIF) price adding approximately 5% during this time.</p>
<h2 class="wp-block-heading" id="h-dogwifhat-fails-to-break-out-of-its-resistance-zone">Dogwifhat Fails To Break Out Of Its Resistance Zone:</h2>
<p>Despite increased price volatility in the crypto space, the <a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">WIF price</a> continues to hover close to its support/resistance level of $3.050 from the past week, indicating a weak buying and selling sentiment for the memecoin in the crypto industry.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/lUCY3hNF5d1cF3EKbYNEi4nqU6NSkWMD6odjWIvIgsi5uI1UXdByT-uptYByD94AkuPDm46VvZA575QkuqobOVrpPQwEGjAOw40bqynZ9T6SVxvAZp1StRl8nnr4Ix3gLeFdwS2mcNniwDMK6bG8B18" alt="WIF Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: WIF/USDT
 </figcaption>
</figure>
<p>Furthermore, the dogwifhat token continues to face repeated rejection at its resistance zone, indicating a strong liquidation point for the dogwifhat memecoin at that level.</p>
<p>The Moving Average Convergence Divergence (MACD) displays a constant flatline in the histogram, highlighting weak buying and selling pressure for the memecoin in the crypto industry. Moreover, the averages show a neutral trend, suggesting a mixed sentiment for the <a href="https://markets.coinpedia.org/dogwifhat/" rel="noopener noreferrer nofollow">dogwifhat price</a> in the crypto space.</p>
<p>On the other hand, the Simple Moving Average (SMA) shows a high possibility of a bearish convergence in the 1D time frame, suggesting a negative outlook for the WIF memecoin in the coming time.</p>
<h2 class="wp-block-heading" id="h-how-high-will-wif-price-go">How High Will WIF Price Go?</h2>
<p>If the market holds the dogwifhat (WIF) price above its support level of $3.050, the bulls will regain momentum and prepare to test its resistance level of $3.9075 this month.</p>
<p>Conversely, if the bears overpowered the bulls, the WIF coin price would break down its support level of $3.050 and plunge toward its lower support level of $2.09 during the upcoming weeks.</p>

Dogwifhat Surges Amid Bullish Action! WIF Price To Surge 20% Soon?

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