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Dogwifhat (WIF) Price Recovery Not Yet Safe After Sub-$1 Scare Beincrypto 06 авг 2024

Dogwifhat (WIF) Price Recovery Not Yet Safe After Sub-$1 Scare 📉

Dogwifhat (WIF), the meme coin with the highest market cap on Solana, dropped to $1.05 on August 5, causing speculation of a further decline. However, WIF's price has since bounced back by 16.94%, currently trading at $1.41. Despite the recovery, the Money Flow Index (MFI) suggests the token is still oversold, indicating weak buying pressure to sustain the price increase. The Funding Rate's rise implies that long-positioned traders are profiting, but a price drop could erase these gains. The Directional Movement Index (DMI) indicates a bearish trend, with the -DMI outweighing the +DMI. Similarly, the Average Directional Index (ADX) signals strong downward movement, hinting that WIF’s upward trend might not last long. If WIF's money flow improves significantly, the token could maintain its upswing and test $1.76. Otherwise, it may retrace to around $1.04. Traders need to watch buying signals closely to gauge the sustainability of WIF's price movement.

Источник: beincrypto.com ↗

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Could Dogwifhat (WIF) Soar to $88? Analyst Predicts Future Growth and Rivalry with Dogecoin Coinotag 01 сен 2024
Could Dogwifhat (WIF) Soar to $88? Analyst Predicts Future Growth and Rivalry with Dogecoin
Dogwifhat (WIF) Suffers Major Crash Amid Market Downturn, Whale Nets $24M Profit Coinotag 05 авг 2024
Dogwifhat (WIF) Suffers Major Crash Amid Market Downturn, Whale Nets $24M Profit
Dogwifhat [WIF] Poised for Recovery Amid Renewed Memecoin Frenzy in 2024 Coinotag 12 авг 2024
Dogwifhat [WIF] Poised for Recovery Amid Renewed Memecoin Frenzy in 2024
Dogwifhat (WIF) Analysis: Insights from Crypto Analyst Sherpa on Meme Coin Performance Coinotag 05 сен 2024
Dogwifhat (WIF) Analysis: Insights from Crypto Analyst Sherpa on Meme Coin Performance
Dogwifhat (WIF) Faces Bearish Future After Failing to Break Past $2 Coinotag 16 авг 2024
Dogwifhat (WIF) Faces Bearish Future After Failing to Break Past $2
Dogwifhat (WIF) Faces Sharp Decline in Social Engagement and Investor Interest Amid Market Uncertainty Coinotag 18 авг 2024
Dogwifhat (WIF) Faces Sharp Decline in Social Engagement and Investor Interest Amid Market Uncertainty
Dogwifhat (WIF) Faces Major Decline Post-Crypto Crash, Long Position Traders Affected Coinotag 18 авг 2024
Dogwifhat (WIF) Faces Major Decline Post-Crypto Crash, Long Position Traders Affected
Bitcoin and Dogwifhat (WIF) Lead Crypto Surge in 2024 with Impressive Gains Coinotag 10 авг 2024
Bitcoin and Dogwifhat (WIF) Lead Crypto Surge in 2024 with Impressive Gains

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