Dogwifhat (WIFUSD) closed last week above the 1D MA200 (orange trend-line) for the first time since July 22, marking a significant milestone as it reached the top of its 6-month Channel Down pattern.
From a broader perspective, this Channel Down may potentially form a Bull Flag, signaling a continuation of the Bull Cycle.
If this weekâs 1W candle closes above the Channel Down/Bull Flag structure, we anticipate a remarkable potential surge of +6842%, mirroring its previous rally, with a target price of $75.000.
Supporting this bullish outlook, the 1W RSI already broke above its MA line on September 16, while the 1W MACD just completed its first-ever Bullish Cross.
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