dogwifhat Price Analysis (#WIF )

WIF could rally 55% in the coming month as it breaks out of a rising wedge. This bullish pattern suggests a rally to $3.43 in the coming weeks.

WIF faces many hurdles along the way, though. The coin will need to rely on overall market optimism to confirm this pattern. It could then reach a four-month high, where the rally is likely to stall.

However, with $2.36 and $2.75 having acted as important hurdles in the past, WIF may fail to break through them. This threatens to invalidate the bullish outlook, and WIF is likely to continue hovering around the $2.01 support area.