CandleFocus Solana WIF Set for $2 Push Amid Increasing Breakout Chances
2024-09-10
Author: Content Editor
The meme coin Dogwifhat (WIF) is preparing for a breakout rally as it surpasses a triangle pattern in the 4-hour chart. Altcoins, including meme coins, are gaining momentum as the Bitcoin price rises above $57K. WIF has experienced a correction phase but is now showing signs of a double-bottom reversal. It has surged 13.52% in the past two days and is currently trading at $1.6824. Technical indicators, such as the MACD and RSI, are signaling a buy signal. In the 4-hour chart, WIF has broken out of a triangle formation and crossed above the 200-EMA. Based on Fibonacci levels, the breakout rally could reach $2.04 or $2.52.
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