Dogwifhat price forecast after rising to $3.27 and seeking greater gains
The new meme coin Dogwifhat (WIF) is currently trading at $3.27 after a 3.71% decline. Its market value currently exceeds $3.26 billion, which places it 35th on the list of the largest digital currencies in terms of market capitalization, and its circulating supply amounts to about one billion WIF coins.
In terms of technical analysis, Dogwifhat price is hovering near the pivot point at $3.50 on the 4-hour chart, and this level acts as a fulcrum for potential price movements, as current indicators show that indecision is hovering over traders.
If the currency manages to maintain its position above this pivot point, it may face the nearest resistance level at $3.87, followed by $4.24 and $4.64. These levels will test the asset's ability to follow its upward momentum.
Dogwifat maintains a strong market position with a market capitalization exceeding $3.26 billion.
The closest resistance levels are located directly above the current price, with $4.64 possible.
On the other hand, if Dogwifhat fails to hold the $3.59 level, it may fall towards the lower support levels at $2.97, $2.64 and then $2.25, which could mitigate any further declines. For his part, the Relative Strength Index (RSI) reading indicates 69
