CandleFocus Top Solana Meme Coin dogwifhat (WIF) Forms Do-or-Die Pattern
2024-10-17
Author: Content Editor
Prominent crypto analyst Ali Martinez has observed that the popular meme cryptocurrency, dogwifhat (WIF), based on Solana, could be forming a rising wedge pattern. A rising wedge is a technical chart pattern that typically signals a possible reversal in price direction. Martinez predicts that if the lower boundary of the wedge at $2.50 holds, the price of dogwifhat could rebound to $3.1. However, the pattern also suggests the probability of a downwards breakout once the support breaks. Traders are advised to focus on the price performance near the $2.50 support.
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