Emergency alert! Dogwifhat Price Set To Skyrocket.
In this ongoing struggling cryptocurrency market, Solana-based Dogwiffhat (WIF) is making waves with its impressive performance and recent exit. In the year On August 21, 2024, WIF experienced a price increase of more than 10% in the last 24 hours and caused a strong bullish breakout.
Occurrence in dogwhiplash (WFF).
As of July 22, 2024, WIF has been falling steadily and experienced a price drop of over 46 percent. However, this sustained price decline has created a trend line that has consistently served as resistance. Today, with a sharp rise in prices, WIF has broken its strong barrier.
Dogwifhat (WIF) price prediction
According to expert technical analysis, WIF looks bullish despite trading below the 200 exponential moving average (EMA) in the 4-hour time frame. With this recent breakout, it has cleared its strong barrier and could rise 20% to the $1.83 level. Later, it could rise to the $2.5 and $2.8 levels due to accumulating high price action.
At the time of press, WIF is trading at around $1.57 and has experienced a price increase of over 10% in the last 24 hours. Meanwhile, the trading volume has increased by more than 72 percent, indicating increased participation among traders.
Additionally, open demand for WIF has been gradually increasing and has increased by 14% in the last 24 hours, indicating growing interest from investors during this period.
Raised with open interest
Currently, the main liquidity levels are around $1.494 on the lower side and $1.569 on the upper side, as traders are overextended at both levels, according to on-chain analytics company Coinglass.
If WIF sentiment does not change and the price rises to the $1.569 level, about $3.45 million worth of short positions will be lost. Conversely, if the sentiment changes for any reason and the price falls to the $1.494 level, about $3.96 million worth of long positions will be lost.
However, some top cryptocurrencies are struggling to gain momentum, including Ethereum (ETH), Solana (SOL), and XRP (XRP). According to coinmarketcap, in the last 24 hours, ETH, SOL and XRP have seen price declines of more than 1%, 0.95% and 0.45% respectively.
