The price of Dogwifhat rises by 9 % because this Sol L2 ICO explodes after $ 18 million
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The price of DogwFhat increased by 9 % over the past 24 hours of trading at $ 0.8321 from 4:00 am US EST at 47 % in trading volume to $ 446 million.
DogwFhat Price Eyes Recovery Promotion inside the channel
The daily WiF/USDT explains that the price of WIF is currently testing the decisive support level of about $ 0.80, which is in line with the dual -bottom formation. This support zone is important because it can lead to a bullish reflection if suspended.
Over the past few months, WIF/USDT has been circulated within a well -defined downcrades characterized by the highest low levels and less than its lowest levels. However, the continuous re -test of the main support area indicates that sellers may lose momentum. If the price recovery successfully from this level, the first key resistance to viewing is $ 1.00, followed by $ 2.32 and $ 2.77.
The collapse above these levels can pay the price about $ 3.00 to $ 3.50, confirming the reflection of the direction.
Wifusd analysis source: tradingview
The RSI (RSI) index, currently on 25.98, indicates that the original in the sale area, which historically indicates a potential purchase opportunity. The RSI signal line in 29.79 also supports the possibility of recovery ascending. If buyers enter and pay the price over $ 1.00, it is possible that a transformation in momentum and attracting more investors.
On the negative side, the sale pressure can increase if $ 0.80 fails to keep it as support, which leads to a decrease in the scope of $ 0.50 – $ 0.60. This would extend the declining direction and nullify the preparation of the reflection. However, given the excessive RSI and strong historical support, the possibility of an upward recovery remains high.
The main level of viewing is $ 1.00. The collapse above this level may indicate the reflection of the direction, while the failure to obtain support at $ 0.80 may lead to more negative side. Traders must closely monitor price procedures and size to confirm before holding positions.
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