#Dogwifhat established a support level near $3.20 and exhibited consistent upward movement, eventually surpassing the $4.00 resistance today.
The Solana-based memecoin #Dogwifhat ($WIF) experienced a notable 15% surge in the past 24 hours, marking a reversal in its price trajectory and positioning it to potentially reach a new all-time high surpassing $4.860.
WIF witnessed a significant price increase of 386% from March 1 to March 31, albeit followed by a subsequent pullback of 13.84% from April 1 to April 8.
This recent rebound comes after a period of price correction for WIF throughout April.
On the daily chart, WIF is currently in the process of forming a Three White Soldiers pattern.
Analyzing the 4-hour chart, Dogwifhat is currently trading within a Rising channel pattern.
The immediate price resistance for Dogwifhat is identified at $4.86 in the near term.
In the event that bulls successfully absorb the selling pressure at this level, a decisive breakout in $WIF price towards $6 and beyond may be anticipated.
If WIF fails to reach new highs, it may test the critical support level at $3.20, potentially leading to a prolonged downtrend.
According to Coingabbar's analysis, #Dogwifhat price prediction 2030 suggests it will hover around the $20.00 mark, while Dogwifhat price prediction 2040 anticipates a surge to $50.00.
KEY LEVELS :
RESISTANCE LEVEL : $5.0000-$6.0000
SUPPORT LEVEL : $3.2000-$2.0000
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