CandleFocus This Is Why Dogwifhat (WIF) May Fall Under $3
2024-11-18
Author: Content Editor
Solana-based meme coin Dogwifhat (WIF) has experienced a 7% drop in the past 24 hours, trading at $3.54. It is currently the second-largest loser of the day, behind Goatseus Maximus (GOAT), which has plummeted 15%. The WIF/USD four-hour chart indicates a bearish bias, with the Elder Ray Index standing at -0.22, suggesting that bearish momentum outweighs bullish strength. The Relative Strength Index (RSI) also indicates declining buying pressure at 44.80. Currently trading just above its support level of $3.35, a breach at this level could lead to further drops to $3 and possibly $2.57. However, if new demand surges, WIF could reverse its bearish outlook and potentially reach $4.19.
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