In the ongoing correction of crypto coins, memecoins are also experiencing a decline in the prices. But can this be a good buying opportunity?
In this article, we will look at Dogwifhat crypto next target along with weekly analysis and news roundup.
For on-demand analysis of any cryptocurrency, join ourย Telegram channel.
DogWifHat Crypto Next Target
- Current Price: $1.70
- 24h Price Range: $1.71 – $1.89
- Market Cap: $1,724,087,655
- 24h Trading Volume: $774,052,084
- Circulating Supply: 998,926,392 WIF
- Total Supply: 998,926,392 WIF
Trends are mixed. Price had a bearish breakout from aย Channel Upย pattern and also broke below $2.00 support, which signals downtrend. After reaching oversold levels (RSI < 30), it has bounced up and is attacking the $2.00 key level.
We wait for price to put in a Higher Low – meaning, we wait for price to pull back again but stay above the prior low of $1.50. Higher Lows and Higher Highs are signs of Uptrend
Weekly Price Analysis
- Recent High: $2.00 (seen within the last week)
- Recent Low: $1.51
Guaranteed Lowest Fees – Try Bybit
Pattern:ย Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken.
Once price breaks below support, it can move lower to the next support level.
Price Trend
Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentumย is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked sinceย MACD Histogramย bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance:ย Nearest Support Zone is $1.50.ย Nearest Resistance Zone is $3.50, then $4.20.
Crypto News Roundup
- SBFโs Family Played Huge Role in $100 Million Political Donation Scandal: Report
- EU Travel Rule Compliance Required for Crypto Exchanges in 6 Months
- Coinbase Intensifies Battle for Access to Genslerโs Private Emails
Overall, Dogwifhat (WIF) is navigating a volatile market, characteristic of meme coins. Investors are closely watching its movements, especially within the Solana ecosystem where it holds a notable position.
For on-demand analysis of any cryptocurrency, join ourย Telegram channel.