cryptd.in

Kripto Dostu Yetenekler için Alternatif LinkedIn

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

-

tarafından

cryptd.in
içinde

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.

Gönderi Dogwifhat (WIF) Set for Liftoff: Is $3.7 in Play? ilk olarak şurada yayınlandı CryptoPotato.

Yorumlar

Bir yanıt yazın

E-posta adresiniz yayınlanmayacak. Gerekli alanlar * ile işaretlenmişlerdir

Son Yayınlar

Popüler Kategoriler

tr_TR Türkçe
tr_TR Türkçe 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 it_IT Italiano pl_PL Polski 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

Web sitesinde arama yapın

Popüler Hikayeler

Etiketler

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (383) #BitcoinETF (3) #BitcoinFundamentals (1) #Bitcoinİşleme (1) #BitcoinFiyatı (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokenler (1) #BTCedinme (1) #BullishPrediction (1) #BullishSentiment (1) #ChineseMining (1) #CPİnceleme (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) #TürevSıçrama (1) #Dogecoin (69) #DogecoinGains (1) #DogecoinHacim (1) 1TP5DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (64) #EthereumPain (1) #EthereumFiyatı (1) #ExpertGörüş (1) #FedRateCut (1) #FiatCurrency (1) #Finansal Etki (1) #FinansalGizlilik (1) #FirmShutdown (1) #FrozenHesaplar (1) 1TP5AçıkFonlar (1) #InflationData (1) 1TP5Yatırım (1) 1TP5YatırımKaybı (1) #JaponFirması (1) 1TP5YasalEylem (1) 1TP5YasalEtki (1) 1TP5Mevzuat (1) #LightningNetwork (1) #PiyasaAnalizi (3) #MarketMonitoring (1) #MarketTahmini (1) #PiyasaTahminleri (1) #MarketProjeksiyonu (1) #MarketDesteği (1) #MarketVolatilitesi (1) #Marriage (1) #MemeCoin (5) #MemeCoins (2) #MinerKarlılık (1) 1TP5Kara Para Aklama (2) #MtGox (3) #KuzeyKoreKripto (1) #NovogratzTahmin (1) 1TP5FiyatKilometre Taşı (1) #P Fiyat Tahmini (2) 1TP5FiyatSoru (1) #PriceSurge (1) #PapishaneCümle (1) #QuantAnaliz (1) 1TP5Düzenleyici Baskı (1) #SECAntiCrypto (1) #ShibaInu (5) #SocialBuzz (1) #TeknikAnaliz (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotansiyel (1) #USCongress (1) #WyomingLand (1) #XRPFiyat (1) #XRPupswing (1)

Faydalı Bağlantılar

Faydalı bulduğum ve paylaşmak istediğim bağlantılar.