"Short selling retreat!!! Dogwifhat (WIF) shows strong momentum, rebound exceeds expectations"
WIF has recently performed well in the market, showing a strong rebound after a period of adjustment. On the technical side, WIF has successfully broken through the downward trend pattern. This is the third time since November 2024 that it has received strong support at this position, laying the foundation for future increases.
On-chain data also supports this trend. According to analysis, exchanges have seen a massive outflow of WIF worth $16 million, indicating that the accumulation enthusiasm of long-term holders remains strong. A large number of tokens flowing into wallets usually indicates a bullish trend and potential buying opportunities.
From a historical price momentum perspective, every time WIF touches the current support range, it triggers significant increases. If it can break through the key resistance level of $1.945 and hold, its price is expected to soar by 35%, reaching the $2.65 mark. However, if the breakout fails, it may face adjustment risks. The 24-hour increase exceeds 4%, and trading volume has surged by 15%, significantly raising market attention. The outlook is bullish; want to seize this wave of market? Hurry up and follow the expert for more in-depth analysis!
