cryptd.in

LinkedIn alternativo per i talenti crittografici

Dogwifhat (WIF) Set for Liftoff: Is $3.7 in Play?

-

da

cryptd.in
in

TL;DR

  • Dogwifhat forms a classic cup and handle pattern, setting stage for possible breakout rally.
  • Analyst sees WIF breakout targets at $1.75, $2.20, $2.85, and $3.70 if structure holds.
  • Whale buys and rising Open Interest fuel bullish momentum as the price reclaims the $1.20 neckline.

Pattern Suggests Shift in Trend

Dogwifhat (WIF) is trading near a key level after forming a cup and handle on the daily chart. This setup began in March with a rounded base and continued with a sideways range into July. The price now sits just above the neckline between $1.20 and $1.25.

At press time, WIF trades at $1.23, showing an 11% increase in the past week. If the price stays above this level, it may confirm a breakout. Support from the 100-day simple moving average, around $0.84, has helped shape the pattern over the last few weeks.

Levels to Watch Closely

Notably, the first area of support is near $1.00. Below that, the $0.84 mark lines up with the moving average. A deeper pullback could bring the price back to $0.70, which acted as a floor during earlier consolidation.

If momentum continues, targets to monitor are $1.75, $2.20, $2.85, and $3.70. These numbers reflect earlier price reactions and the depth of the cup formation. Analyst Jonathan Carter wrote, 

“If the pattern holds, we could see the price surge toward targets at $1.75, $2.20, $2.85, and $3.70.”

Trading Activity and Chart Signals

The Relative Strength Index (RSI) is now near 70. This level often shows strong demand, though it may also suggest the need for a short rest. On the volume profile, there is a lighter zone above $1.30, which could allow faster movement if the breakout continues.

Open Interest in WIF futures has grown to $660 million, according to CoinGlass. That’s an 11.5% increase from the previous week. More interest in futures often points to rising capital inflows from both sides of the market.

WIF open interest
Source: Coinglass

A recent purchase by the firm WIFStrategy added to the momentum. On July 13, they acquired 500,000 WIF tokens. The price jumped 30%, hitting $1.30 before settling near $1.22. This move pushed WIF above its earlier channel, where it remains at the time of writing.

Il post Dogwifhat (WIF) Set for Liftoff: Is $3.7 in Play? è apparso per la prima volta su Criptopatate.

Commenti

Lascia un commento

Il tuo indirizzo email non sarà pubblicato. I campi obbligatori sono contrassegnati *

Ultimi feed

Categorie più popolari

it_IT Italiano
it_IT Italiano en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Ricerca nel sito web

Storie popolari

Tag

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElezione (1) #BinanceVsCoinbase (1) #Bitcoin (383) #BitcoinETF (3) #BitcoinFondamenti (1) #BitcoinHandling (1) #BitcoinPrezzo (5) #BitcoinPrezzoLivello (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTCacquisizione (1) 1TP5Previsione toro (1) #BullishSentiment (1) #CMiniera cinese (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativoSalto (1) #Dogecoin (69) #DogecoinGains (1) #DogecoinVolume (1) 1TP5Corte olandese (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (64) #EthereumPain (1) #EPrezzo dell'Etere (1) #ExpertOpinion (1) #FedRateCut (1) #FiatValuta (1) #Fimpatto finanziario (1) #FinanziarioPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) 1TP5FondiIlleciti (1) #InflationData (1) 1TP5Investimento (1) 1TP5Perdita d'investimento (1) #Azienda giapponese (1) #Azione legale (1) #Impatto legale (1) #Legislazione (1) #LightningNetwork (1) #Manalisi del mercato (3) #MMonitoraggio del mercato (1) #Mprevisione di mercato (1) #Mprevisioni di mercato (1) #MProiezione di mercato (1) #MmercatoSupporto (1) #MmercatoVolatilità (1) #MCompatibile (1) #MemeCoin (5) #MemeCoins (2) #MinerProfittabilità (1) #MRiciclaggio di denaro (2) #MtGox (3) #Corea del NordCrittografia (1) #NovogratzPrevisione (1) #PriceMilestone (1) #PprezzoPrevisione (2) #PriceDomanda (1) #PrezzoAumento (1) #PcarcereSentenza (1) #QuantAnalisi (1) #RegolamentazionePressione (1) #SECAntiCrypto (1) #ShibaInu (5) #SocialBuzz (1) #T Analisi tecnica (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashSviluppatore (1) #UKCrypto (1) #UpsidePotenziale (1) #USCongresso (1) #WyomingLand (1) #XRPrezzo (1) #XRPupswing (1)

Link utili

Link che ho trovato utili e che volevo condividere.