$WIF gains 27% in a day: Next target $4.860? - AMBCrypto Analytics

Dogwifhat’s [WIF] bullish momentum is gaining strength, fueled by an impressive 48.19% weekly surge, followed by a 27% rise in the daily timeframe. The asset is now trading within a symmetrical triangle pattern, often signaling a bullish breakout. If WIF breaks the resistance at $2.918, it could turn into support, with short-term targets of $4.080 and $4.860, potentially paving the way for a new high.

Technical indicators support the bullish outlook. The Aroon Line shows a strong upward trend, with Aroon Up at 100% and Aroon Down at 50%, suggesting the market is firmly bullish. Additionally, the RSI stands at 66.27, indicating strong momentum and further room for growth.

As the market remains bullish, WIF’s rally could continue, positioning it for further price gains in the near term.