WIF
As the bullish recovery progresses, the WIF price trend breaks above the short-term pullback trendline, reflecting a breakout rally. Moreover, the WIF price rebounds from the long-term support trendline, reflecting a strengthening trend momentum.
If the market continues to maintain the upward trend, the price of the meme coin may surpass the peak of $4.75 this month. In this case, the bulls can push the market value to $9.29 by the end of this month based on the trend-based Fibonacci levels. Conversely, if the bears overwhelm the bulls, the WIF price will fall to its critical support level of $2.09 this month.
If the Dogwifhat (WIF) project releases an impactful update and announces a major collaboration, the price of WIF may surge to as high as $20 after the “Bitcoin halving” event that will occur in the second quarter.
On the contrary, if the protocol sees a negative reversal or fails to deliver on expectations, the price may drop to $1.45. Subsequently, the average price may stabilize at $10.78.
