bullish

Resistance

Coin

<ul class="wp-block-list news-points">
 <li>Dogwifhat (WIF) nears breakout, recovering 78% after hitting $1 low in August 2024.&nbsp;&nbsp;</li>
 <li>WIF forms a symmetrical triangle, signaling a potential bullish breakout above resistance.&nbsp;&nbsp;</li>
 <li>WIF’s 50-day moving average trends bullish, while 200-day MA poses resistance ahead.</li>
</ul>
Dogwifhat (WIF) is nearing a critical breakout point as it bounces back from a long downtrend. Using both technical indicators and market analysis, we can see signs of a potential upward price movement.
As of this writing, WIF is priced at <a href="https://coinmarketcap.com/currencies/dogwifhat/" target="_blank" rel="noopener noreferrer nofollow">$1.88</a>. Over the last 24 hours, it has gained 10.59% and has a total market capitalization of $1.87 billion. Plus, the 24-hour trading volume also jumped by 33.74% to $409.5 million.
The <a href="https://coinedition.com/dogwifhat-wif-price-prediction/" rel="noopener noreferrer nofollow">WIF price</a> dropped to a significant low of $1 on August 5, after a period of decline. But then, it recovered, pushing the price up by 78%. Over the past 50 days, WIF has formed a symmetrical triangle pattern, moving sideways and consolidating after testing key support levels.
It is now testing a major descending resistance level, which hints at a possible breakout. Technical analysis suggests that a break above this resistance could mean a shift into a new bullish phase for the…
The post <a href="https://coinedition.com/dogwifhat-wif-nears-breakout-bulls-eye-3-resistance/" rel="noopener noreferrer nofollow">Dogwifhat (WIF) Nears Breakout: Bulls Eye $3 Resistance</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Dogwifhat (WIF) Nears Breakout: Bulls Eye $3 Resistance

Coin Edition

Other articles published on Sep 24, 2024

Bithumb Announces Two Surprise Altcoin Listings, Prices Skyrocket!

Best Staking and Investment Cryptocurrencies to Watch Out For in 2024

Binance Demands Release of Executive Before Meeting Nigerian Crypto Regulations: Report

Aptos Ecosystem Receives Major Backing with New Fund from Top Venture Firms

Maxine Waters Pushes for Stablecoin Legislation by Year-End 2024

Ondo price boosted by rising assets, OUSG’s Sky application

Join our free newsletter for daily crypto updates!