$WIF dominates memecoins, jumps 20% in a week: What’s next? - AMBCrypto Analytics

AMBCrypto’s analysis of dogwifhat on a daily time frame chart, as reported by AMBCrypto, highlighted a pattern of more gains than losses in recent days.

The memecoin closed trading on the 1st of June with an encouraging increase of over 3%, with its price reaching around $2.27.

This rise marked the second consecutive day of gains for dogwifhat, suggesting a positive short-term trend in its trading activity.

Despite a subsequent decline of over 1%, dogwifhat has managed to sustain a trading price around the $2.2 range, indicating some level of price stability despite the pullback.

Further insights from its Relative Strength Index (RSI) analysis showed that the RSI was just below the neutral line of 50. This positioning suggested that WIF was currently in a bear trend, albeit weakening.