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?

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