Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

JPMorgan Sees Stablecoin Outlook as Less Rosy Than Bulls Think

July 4, 2025

Post-maintenance mishap on Solana’s Backpack triggers incorrect futures orders, balance reports

July 3, 2025

Solana Price Analysis: Can Rising Institutional Demand Reverse Bearish Outlook?

July 3, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Dogwifhat: Why WIF’s next rally depends on closing above $2.5

0
By Aggregated - see source on September 29, 2024 Altcoin
Share
Facebook Twitter LinkedIn Pinterest Email
  • dogwifhat could make some serious gains if it breaches a nearby resistance zone.
  • The high buying volume was an encouraging sign.

dogwifhat [WIF] saw a 37% move upward since Monday, the 23rd of September, to the time of writing. The meme coin also saw a breakout past the seven-week range formation whose high was at $1.98.

Since this is WIF’s first cycle, a long-term uptrend, and a 2021 Dogecoin [DOGE] -like run can not be ruled out. Here’s what investors and swing traders need to keep in mind.

The Fibonacci retracement levels could repulse the bulls

WIF 1-day TradingView

Source: WIF/USDT on TradingView

The daily market structure was firmly bullish and the OBV showed that the buying pressure was intense. The volume indicator’s move above the August highs and the earlier ones in July was a sign that this breakout could surpass the $2.9 level.

A set of Fibonacci retracement levels were plotted based on the downward impulse move in the latter half of July. The 78.6% retracement level was at $2.5, a level that served as support and was flipped to resistance in July.

A daily session close above this level would be the make-or-break event for bulls for this uptrend. A rejection did not appear likely, but a Bitcoin [BTC] retracement could force WIF to pull back as well.

The $2.5 zone is crucial in the short-term

dogwifhat Liquidation Heatmapdogwifhat Liquidation Heatmap

Source: Hyblock

The past week’s liquidation heatmap data outlined the $2.45-$2.5 and the $1.8-$1.9 region as the most important short-term resistance and support zones. The liquidity at $2.12 was also notable.


Realistic or not, here’s WIF’s market cap in BTC’s terms


These magnetic zones could be visited before the price begins to trend in the opposite direction. The Fib levels and the liquidity pocket around $2.5 marked it as the prime resistance zone for dogwifhat bulls to overcome.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Next: Render defies market trends, up 14.08%: Short sellers hesitant

Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana Price Analysis: Can Rising Institutional Demand Reverse Bearish Outlook?

July 3, 2025

Bitcoin Demand Wanes: Fakeout or Parabolic Rally Ahead?

July 3, 2025

Nano Labs Loads Up on BNB With Ambitious $1B Treasury Target

July 3, 2025
Leave A Reply Cancel Reply

What's New Here!

JPMorgan Sees Stablecoin Outlook as Less Rosy Than Bulls Think

July 4, 2025

Post-maintenance mishap on Solana’s Backpack triggers incorrect futures orders, balance reports

July 3, 2025

Solana Price Analysis: Can Rising Institutional Demand Reverse Bearish Outlook?

July 3, 2025

Ethereum Looks Strong Despite Volatility – $10,000 Price Target Gains Momentum

July 3, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.