Dog Wif Hat is about to take off! Why is $WIF expected to grow by 35%?
WIF has been strong recently and could rise another 35% to $4.8 again.
WIF’s open interest has surged 12% in the past 24 hours, indicating that traders are increasingly interested in it.
On Binance, 68.4% of top traders are long, with only 31.6% short.
Moreover, with Solana’s (SOL) strong breakout, dogwifhat, a popular meme coin based on SOL, is also expected to surge in the coming days.
In addition to the price increase, WIF’s on-chain data and overall market sentiment also support it to continue to rise.
In particular, SOL’s recent rise may directly lead WIF to benefit from the next rally.
From a technical analysis perspective, WIF has broken out of the descending triangle pattern on the four-hour chart, and there is a possibility of a double bottom uptrend.
Once it breaks through the key resistance level, WIF is likely to surge 35% to around $4.8.
Now, WIF is trading above its 200-day exponential moving average, indicating an upward trend.
Meanwhile, the relative strength index (RSI) suggests that it may rebound in the coming days as it is in the oversold zone.
The test of the bull market is not only the ups and downs of the market, but also the test of our mentality. In the face of account changes, we must remain rational. Next, I will announce the next 10x coin potential coin! It is better to grasp it than to guess blindly! Like + leave a message, share without taste. #meme板块关注热点
