CandleFocus Dogwifhat (WIF) Rebounds After Brief Sub-$3 Scare — What Next
2024-11-13
Author: Content Editor
The cryptocurrency dogwifhat (WIF) experienced a decline below $3 but quickly rebounded and is currently trading at $3.16. The rebound may be attributed to the rise in the Chaikin Money Flow (CMF), which indicates strong buying pressure. Positive funding rates and the formation of an inverse head and shoulders pattern on the daily chart further suggest that WIF's price might continue to rise, potentially rallying to $4.07. However, if the CMF reading drops below the midpoint, selling pressure may increase, causing WIF to decline to $2.44.
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