bullish

Strong

Million

Billion

Coin

<a href="https://www.thecoinrepublic.com/price-prediction/dogwifhat/">Dogwifhat</a> price seemed to be pulling back this week after a strong performance in the previous week. The current week yielded a negative 2.1%, indicating that a sideways trend prevailed this week.&nbsp; 
The Dogwifhat price had added nearly 60% the previous week, breaking out of its correction phase. The price rebounded from $1.52 and broke down the psychological $2 level, marking an end to its correction phase.&nbsp; 
In continuation with the previous week, the price was sustained at higher levels this week, suggesting a potential for further growth. When writing, the WIF price was exchanging hands close to $2.44, recording a mild negative intraday drop of 1.64%.&nbsp; 
<h2 class="wp-block-heading" id="h-improved-sentiments-suggest-further-growth">Improved Sentiments Suggest Further Growth</h2> 
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, which caused the weighted sentiment to enter the positive territory.&nbsp; <iframe loading="lazy" title="Santiment Chart: Negative sentiment (Total) (WIF), Positive sentiment (Total) (WIF), Weighted sentiment (Total) (WIF)" width="800" height="425" src="https://embed.santiment.net/chart?ps=dogwifhat&amp;pt=WIF&amp;df=2024-06-27T18%3A30%3A01.967Z&amp;dt=2024-07-28T18%3A29%3A59.967Z&amp;emcg=1&amp;emhwm=1&amp;wm=sentiment_negative_total%3Bsentiment_positive_total%3Bsentiment_volume_consumed_total&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF&amp;ws=%7B%22interval%22%3A%221h%22%7D%3B%7B%22interval%22%3A%221h%22%7D%3B%7B%22interval%22%3A%221h%22%7D" scrolling="no"></iframe> 
The weighted sentiment curve highlights the overall bias of the traders and investors. It has shifted to the positive territory, surpassing the zero line, indicating a bullish price continuation.&nbsp; 
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 crypto-verse.&nbsp; 
<h2 class="wp-block-heading" id="h-is-dogwifhat-price-prepared-for-a-35-growth">Is Dogwifhat Price Prepared For A 35% Growth</h2> 
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.&nbsp; 
On the higher side, if the bulls 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.&nbsp;  
<a href="https://in.tradingview.com/chart/WIFUSD/GNtxtbzw-Sentiments-On-The-Rise-Is-Dogwifhat-Ready-For-A-Strong-Breakout/"> </a> &nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/"> </a>&nbsp; <a href="https://in.tradingview.com/"> </a>  
Also, the price has surpassed the 200-day EMA, suggesting a bullish long-term. When writing, RSI was placed at 60.1 Points, and the 14-day SMA line was at 54.18 points above the mean line. 
Moreover, a bullish crossover of both lines was observed on the chart, suggesting a possible continuation of the bullish trend.&nbsp; 
Dogwifhat experienced a 2.1% pullback this week after a strong 60% gain the previous week, rebounding from the $1.52 level. This week, the price sustained higher levels, indicating potential growth.&nbsp; 
Moreover, the analysts noted a positive shift in weighted sentiment, suggesting a bullish continuation.&nbsp; 
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.&nbsp; 
The WIF price has exceeded 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. 
The post <a href="https://www.thecoinrepublic.com/2024/07/30/sentiments-on-the-rise-is-dogwifhat-ready-for-a-strong-breakout/">Sentiments On The Rise: Is Dogwifhat Ready For A Strong Breakout?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

Sentiments On The Rise: Is Dogwifhat Ready For A Strong Breakout?

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