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The Dogwifhat price fell 3% in the last 24 hours to negotiate $ 0.6680 at 12:30 p.m. on a crisis of 23% in negotiation volume at 207 million dollars.
Dogwifhat Price fights to key support while the down pressure persists
The Dogwifhat price remains under significant down pressure and has been locked in a canal down since mid-December.
A major support area around $ 0.65 is currently being tested, a level that previously acted as a key floor for the price. If this support is valid, WIF could see a short -term rebound, but ventilation below this level could open the door for a movement to $ 0.50 or less.
WiFusdt Source analysis: tradingView
Dogwifhat
Right up, resistance levels from $ 1.50 to $ 1.60 remains essential, with a long -term resistance area around $ 4.00 acting as a significant psychological level. Luxalgo trend lines with rupture indicator identify resistance at $ 2.55 and $ 2.45 support, suggesting that recovery of these levels could point out a reversal.
The relative force index (RSI) is at 31.97, near the threshold of occurrence of 30. Historically, an RSI near these levels led to short -term rebounds, making it an area to monitor recovery potential. However, the RSI alone does not confirm an overthrow and must be supported by an increase in the volume of purchase and an escape above the downward channel.
For a change of feeling, the Dogwifhat price should deviate from the lower canal, ideally recovering $ 1.00 as a support. Overcoming this point could feed more from $ 1.50 to $ 2.00. However, if the sales pressure continues and WIF falls below $ 0.60, other losses could follow.
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