dogwifhat (WIF) – brief price analysis by CoinPedia
Ever since the token-initiated trade, the bulls have held a tight grip over the rally as the dogwifhat price has maintained an ascending trend. Although the price faced some bearish challenges, the latest upswing raised the levels above the trend. Therefore, the WIF price is now believed to initiate a fresh ascending trend to reach $3.35 soon.
The WIF price has been trading within a decisive triangle and has reached the apex of the consolidation. The MACD is close to initiating a bullish crossover and entering the positive range, while the RSI continues to hover around the average range. This suggests another influx of bullish volume may propel the price towards the local resistance level between $3.27 and $3.56. If bulls reach and sustain within the zone, then the price may begin with a fresh upswing to mark new highs above $5.
