Dogwifhat (WIF) dropped 32% but shows recovery signs. Currently at 1.85 USD, a bullish pattern emerges. The dip attracted long-term holders to accumulate more, indicating future potential buy-in from the market.
WIF holds support at 1.80 USD, forming a descending triangle that could lead to a bullish breakout. A successful breakout above 1,945 USD might boost the price by 20% to 2.32 USD, enticing investors.
WIF’s trading volume decreased by 16%, indicating market caution. Intraday traders remain hesitant, not opening new positions amid volatility. A 4% drop in open interest points to traders focusing on potential price Movement.