Dogwifhat (WIF) Price Analysis

Dogwifhat (WIF) has declined substantially during the ongoing session after making an impressive recovery over the weekend. WIF started the previous week on a very volatile note as it surged to an intraday high of $3.65 before falling back to $3.17. Sellers took control on Tuesday as WIF fell below the 20-day SMA after a drop of almost 5% and settled at $3.02. However, WIF recovered on Wednesday thanks to strong support at this level, rising just over 3% and settling at $3.11. However, it was back in the red on Thursday, falling by 1.25% to $3.07.

Buyers returned to the market on Friday as WIF rallied almost 7%. However, it could not move past the 20-day SMA and settled at $3.28. With the 20-day SMA acting as resistance, WIF fell back on Saturday, dropping by 3.25% to $3.18. Sellers attempted to drive WIF below $3 on Sunday as it fell to a low of $3.05. However, it recovered from this level to rally by 8.05%, going above the 20-day SMA and settling at $3.43. WIF is back in the red during the current session, having slipped below the 20-day SMA with the price down over 10% as sellers look to push it below $3.

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