DogwFhat (WIF) has increased by 23.23 % over the past 24 hours, reaching a price of $ 0.7592.
This follows a sharp decrease since November 2024, when it has not touched about $ 0.54.
Fast climbing today reflects a strong interest in purchase, which prompted the volume of Memecoin trading an increase of 240.84 % to 919.43 million dollars, which exceeds the maximum market by more than 111 %.
While this momentum indicates an increase in trading attention, it also raises questions about sustainability.
RSI at the height of the purchase despite the expansion of the formation
Technical indicators tell a mixed story behind this gathering. Since February 24, 2025, the price of WiF has been an expanded formation on the graph for 4 hours, characterized by the different directional lines of the highest levels and low declines.
This pattern reflects the increasing volatility and the investor’s dispute over its value.
Today’s WIF was broken over the upper trend line, reaching a height of 24 hours of $ 0.7877, an analyst linked to a climb in the RSI.
However, caution infiltrates expectations. RSI entered the graph for 4 hours from the peak area, usually higher than 70, indicating intense purchase pressure.
These conditions are often preceded by decline as traders get profits or momentum.
Despite the completion of which indicates 80 % reverse capabilities, such as Earlier, the encryption function analyst predictedThe excessive state in the purchase area glimpsed to a short -term correction looming on the horizon.
The broader market dynamics add another layer of complexity. Bitcoin (BTC), which is a major encoding engine, recently decreased to less than $ 80,000, and a short loss of support. Its struggle to recover its highest levels still has an impact on Altcoins like WiF, which has seen similar drops with BTC decline.
If Bitcoin stumbles, the Wi -rally may face additional winds, which inflates the risk of retreat.
At the time of the press, DogwFhat’s performance has decreased for a year by 54.6 %, with a decrease of 33 % over the past thirty days, making today’s boom, although it is impressive, to sit in a pattern of sharp fluctuations rather than steady growth.
Main WIF price levels to watch
Traders are now facing a pivotal moment. The collapse of the formation of expansion indicates the upper intention, which is likely to target the resistance at $ 0.841, which, if violated, can see memecoin attempt to resist $ 1.
On the contrary, with an excessive RSI proposal, Memecoin can test support near $ 0.6269, which currently doubles 24 hours a day.
If this support level fails, Memecoin may see a decrease to about $ 0.562, which, if breached, may mean a tougher direction.
It is worth noting that while the current state of uncertainty, market fluctuations can provide the chances of swinging traders, although timing is still very important.
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