dogwifhat (WIF) Price Analysis

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The dogwifhat prices remain consolidated within a descending parallel channel and the recent rise elevated the levels beyond the average bands

Moreover, the levels reclaimed above the pivotal support levels at $1.514 has validated the beginning of a fresh ascending trend

The RSI initiated a bullish divergence and hence a continued rise may validate the formation of a double-bottom or ‘w-shaped’ pattern

Once the price reaches the resistance of the channel above $2 at around $2.3 or $2.35, the price may reach the neckline, which may further push the price beyond $3.3. $WIF