$WIF Price Analysis - CoinPedia Analytics

dogwifhat prices are forming consecutive lower highs and lows, suggesting the growing dominance of the bears as selling pressure escalates. The volatility of the memecoin has risen to a large extent due to which the price of WIF is expected to fluctuate with bigger margins in the next few days. With this, the token displays the huge potential of plunging back to $1.5, meanwhile, a rebound is also expected to attract massive gains. 

The WIF price has been fighting the bearish pressure ever since it marked the highs above $4.7 within a couple of days of its inception. The latest price action is believed to drag the levels back to the lower support at $1.5 as the market sentiments have turned bearish. Besides, the supertrend & RSI are also not in favour of the bulls. Therefore, the WIF price is believed to maintain a strong descending trend and test the support. Meanwhile, a rebound is expected then, but if the bulls remain passive, a plunge below $1 could also be imminent.