Can Dogwifhat Continue to Hold $2 Amid Market Consolidation?

Dogwifhat's trading volume surged to $290 million, up 20.23%

• #Dogwifhat's price has remained stagnant on the daily chart over the past two weeks.

• Current market consolidation indicates a symmetrical triangle pattern with dynamic resistance and support.

• $WIF experienced a significant drop from $4.08 to $2.20 during the recent market downturn, marking a 45.85% decline.

• Following a bounce off the lower trendline at $2.20, recent days saw a green candle formation indicating a temporary uptrend.

• However, today's market activity reversed with a red candle, resulting in a 3% price decline.

• According to Coingabbar analysis, If the pattern holds, $WIF may target the upper triangle boundary at $3.50, suggesting a potential 42% gain.

• Conversely, a bearish reversal could drive the price towards its support trendline, signaling a shift towards a bearish trend upon breach.

KEY LEVELS :

RESISTANCE LEVEL : $3.0000-$4.0000

SUPPORT LEVEL : $1.9000-$1.0000

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