All-Time Highs Ahead? Dogwifhat (WIF) Poised For Big Growth — Analyst
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Popular meme coin Dogwifhat (WIF) has attracted attention due to recent market performance. Despite a 5% drop over the last week, the coin surged 22% over the last month. Currently valued at $2.50 with a market cap of $2.47 billion, it holds 0.10% of the market.
Crypto analyst Crypto Scient has a bullish view on WIF, highlighting positive market signs. The coin reclaimed $2.25 as a key support and resistance level and saw 50-day and 100-day EMAs move up, signaling positive movement.
The next target for WIF is breaking the $3.30 resistance level, which could lead to significant gains. However, investors are advised to be cautious, considering the current market's greed index of 74, suggesting possible correction.
Despite the optimistic view, there's speculation of WIF reaching $8.36 by August 2024. Investors should watch the $3.30 resistance level closely as failure to break it may lead to a return to the $2.25 support level, defining a trading range.
Source: www.newsbtc.com ↗
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