๐คฏWhatโs Ahead for Dogwifhat Price After a 60% Weekly Surge?
๐ Crypto Sentiment Shift: In early July, Bitcoin at $55K had traders fearing correction. Now, calls for a new high emerge.
๐ Dogwifhat Surge: Dogwifhat price jumps 60% in two weeks, outperforming major altcoins.
๐น Price Rally: Dogwifhat rebounds 86% to $2.78, market cap at $2.78B, reclaiming key EMAs.
๐ Futures Open Interest: Open Interest doubles to $389.6M, indicating strong capital influx and bullish sentiment.
๐ ADX Indicator: ADX at 26% suggests buyers can push the recovery further.
๐ Potential Pullback: Minor pullback to 20-day EMA expected before a channel breakout.
๐ Trendlines: A channel breakout is necessary to signal an uptrend continuation.
๐ก Key Takeaway: Meme coins like Dogwifhat show volatility; despite pullbacks, a sustained rally is likely.