Dogwifhat (WIF), having become one of the most important meme token projects, is now showing signs of recovery after a downturn. As you can see in the chart below, it has broken through a significant downward trend on the 4-hour chart. This breakout was followed by a sharp rise. From this point forward, it is crucial for the token to maintain its position above the support zone marked in green. After a possible retracement to this zone, I expect a price movement towards the upper resistance area of the rising channel.
