➡️The price of Dogwifhat (WIF), a Solana-based memecoin project, surged by 16% in one day, reaching a high of $2.34 on July 1. This impressive gain follows a 60% climb from its $1.47 lows just a week ago.
➡️The outlook for WIF in July remains bullish, driven by the emergence of a rare bullish reversal technical pattern known as the Bump-and-Run-Reversal (BARR) bottom pattern
As long as it's not above the range of the red box, it will be difficult for this currency to continue the upward trend, and it can touch the next green box.
Price has rebounded from a support area, signaling a possible upward movement 🧐 A long position could be considered near the support area of $5.80-$6.15 🔺
The resistance zone is identified as $8.30-$8.50, which could serve as a potential target for profit-taking 🎯