The cryptocurrency market is under intense bearish pressure as top tokens approach critical support levels.
Meanwhile, memecoins have also experienced similar price fluctuations, but Solana-based memecoin dogwifhat is struggling to maintain its gains.
It is speculated that WIF price will continue its healthy uptrend after triggering a rebound in the past few hours, so a fierce competition between bulls and bears has begun.
The price continues to form new lows and highs, showing the growing strength of the bears. In addition, as the volume flows in the bearish direction, the selling pressure is still dominant, which is a huge challenge for the bulls.
The bulls are struggling to validate the rebound, in which case the WIF price may rise by 20% in the short term. However, technical analysis shows that the WIF price may fall by 8% before the next bullish period. More bull market layout strategies look at Fang! Free ➕👗 ➕🌍 BNB0098
