WIF is out of the demand zone, can its price reach the $10 mark?

Since April, Dogwifhat (WIF) price has been declining due to the resistance of the descending trendline. Meanwhile, WIF price has triggered a trendline breakout and is continuing.
After the breakout, the coin price has moved above the 200-day EMA. The bullish momentum has slowed down as the previous swing high was reached. Let’s analyze the movement after this breakout.
Does WIF price still have upside potential?If the WIF cryptocurrency price can sustain above $2.55, a buying momentum can be expected. Conversely, a failure to do so could lead to a reversal.
On the 3D time frame, WIF formed a falling wedge pattern and triggered a breakout. If buyers remain strong, the market value could touch the $7 billion mark.
Can the WIF price exceed 50% in October?At the time of writing, WIF is trading at $2.78, up 0.12% in the past 24 hours. The market cap is $2.77 billion, with a 24-hour trading volume of $519.31 million.
The WIF token price has been struggling below the $3 mark for the past few days. If the digital asset price crosses the $3 mark, it could bring a bullish spark.
Alternatively, if the price faces resistance from the previous swing high, sellers may take over.
According to the technical indicators, the MACD and signal lines have extended into the positive territory.
Moreover, the histogram has remained green for the past few weeks, suggesting that bulls are in control. The WIF price has surpassed key moving averages, which could trigger a bullish scenario.
Dogwifhat Price PerformanceThe WIF coin price entered a one-year green cycle, and investors remained profitable, with a weekly increase of 23.87% and a monthly increase of 78.57%.
WIF prices have surged 60.87% in the past 6 months and are up 115.80% year to date. This chart shows that buyers are in full control.
Dogwifhat Price Analysis and ForecastWIF price showed significant volatility, surpassing key moving averages and reaching the last swing high. The price is likely to hit the $10 mark. However, there are several factors to consider.
If the price stabilizes above $3, it could initiate a bullish trend. On the other hand, if it faces resistance and breaks below the 200-day EMA, sellers are likely to take over. Technical indicators such as MACD and the signal line seem to support the bullish scenario.