Dogwifhat Price Prediction: Is a New High Imminent for WIF?
Following Pepe and FLOKI, WIF gains momentum, eyes new highs
On March 31, the price of WIF hit a record high of nearly $5, marking the peak of a significant uptrend that started in February from a low of $0.20, resulting in a 3000% increase.
The upward movement culminated in a five-wave impulse pattern, which was followed by a subsequent downturn.
By May 19, WIF formed a base near $2.50 and continued its uptrend, rising by approximately 60%.
After a month of weak price action, dogwifhat has regained momentum and is close to reclaiming the $4 mark.
WIF price surged over 30% after breaking above a decisive symmetrical triangle and is now close to $4, just 12% below the all-time high.
To confirm a bullish breakout near the current ATH of $4.86, the price needs to close above the ascending trend line at around $4.
According to Coingabbar analysis, By the end of the month, dogwifhat could initiate a new bullish push towards new highs above $5.
However, a bearish reversal might pull the price back to its support trendline.
KEY LEVELS :
RESISTANCE LEVEL : $4.86000-$6.00000
SUPPORT LEVEL : $3.00000-$2.00000
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