Dogwifhat (WIF) Breaks Out Strong — Is the $1 Milestone Next?
The post Dogwifhat (WIF) Breaks Out Strong — Is the $1 Milestone Next? appeared on BitcoinEthereumNews.com. WIF breaks out of long-term downtrend with eyes on $1.30 next. Whale accumulation and bullish patterns back the uptrend narrative. Dogwifhat (WIF) is heating up again, gaining traction after a sharp 40% rally this past week and currently trades at $0.67. The token is now trading around $0.67 with trading volume spiking to over $550 million — a clear sign that fresh interest is pouring in from retail and big-money players. After weeks of consolidation and sharp rejections, the meme token flashes powerful reversal signals across multiple timeframes. A surge in trading volume, breakout patterns, and strength in key indicators now position WIF for a potential multi-leg rally that could stretch beyond the $1 mark. WIF Breaks Out of Downtrend, Bulls Set Sights on Higher Targets After months of sliding, WIF finally broke through a stubborn downward trendline—a move to which technical traders paid close attention. This breakout opens the door for a shift in momentum. WIF has surpassed its 50-day EMA around $0.506; and now pushes toward key support levels at $0.80, $1.30, and possibly $1.97. Analysts at World Of Charts noted that this move “looks set for a 2× run,” signaling strong confidence in a continued climb. Combined with higher volume and increasing chatter across crypto circles, this setup has sparked hopes of a sustained upward trend. Indicators Show Momentum Is Building Beneath the Surface In past weeks, WIF’s price pulled back to $0.37 after initially being rejected at the $0.50 line. But technical indicators present a bullish run. Relative Strength Index at the peak of 96 suggest an overbought level, where possible price correction might happen before a further bullish rally begins. Meanwhile, the Awesome Oscillator (AO) has started to flash green bars. While still in the red zone, this shift shows that selling pressure is easing.…
The post Dogwifhat (WIF) Breaks Out Strong — Is the $1 Milestone Next? appeared on BitcoinEthereumNews.com.
WIF breaks out of long-term downtrend with eyes on $1.30 next. Whale accumulation and bullish patterns back the uptrend narrative. Dogwifhat (WIF) is heating up again, gaining traction after a sharp 40% rally this past week and currently trades at $0.67. The token is now trading around $0.67 with trading volume spiking to over $550 million — a clear sign that fresh interest is pouring in from retail and big-money players. After weeks of consolidation and sharp rejections, the meme token flashes powerful reversal signals across multiple timeframes. A surge in trading volume, breakout patterns, and strength in key indicators now position WIF for a potential multi-leg rally that could stretch beyond the $1 mark. WIF Breaks Out of Downtrend, Bulls Set Sights on Higher Targets After months of sliding, WIF finally broke through a stubborn downward trendline—a move to which technical traders paid close attention. This breakout opens the door for a shift in momentum. WIF has surpassed its 50-day EMA around $0.506; and now pushes toward key support levels at $0.80, $1.30, and possibly $1.97. Analysts at World Of Charts noted that this move “looks set for a 2× run,” signaling strong confidence in a continued climb. Combined with higher volume and increasing chatter across crypto circles, this setup has sparked hopes of a sustained upward trend. Indicators Show Momentum Is Building Beneath the Surface In past weeks, WIF’s price pulled back to $0.37 after initially being rejected at the $0.50 line. But technical indicators present a bullish run. Relative Strength Index at the peak of 96 suggest an overbought level, where possible price correction might happen before a further bullish rally begins. Meanwhile, the Awesome Oscillator (AO) has started to flash green bars. While still in the red zone, this shift shows that selling pressure is easing.…
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