đ Dogwifhat (WIF) Eyes Further Gains After Breakout! Will Bulls Push It Higher?
Dogwifhat (WIF) successfully retested the breakout level on October 10, signaling a shift in the short-term trend. Bulls are gaining control, but bears are still trying to halt the up move at $2.89. However, the level seems primed for a breakout. đ
If buyers can sustain the price above $2.89, the WIF/USDT pair could quickly rally to $3.58 and eventually test $4. đĽ
Key support to watch:
On the downside, the crucial support lies at the 20-day EMA ($2.34). A break below this level may trigger profit-booking from the bulls, pulling the pair down to the 50-day SMA ($1.90). đą
đ 4-hour chart outlook:
The 4-hour chart is showing bullish momentum as both moving averages slope upward, and the RSI remains in positive territory. đ If buyers can push the price above $2.89, WIF/USDT could rally to $3.1, which might act as resistance. If the bulls overcome this hurdle, the pair could surge toward $3.58.
Conversely, if the price breaks below the 20-EMA, it may invalidate this bullish outlook, sinking the pair toward the support line of the channel. Will bulls drive this breakout, or will bears seize control? đ
Key Levels to Watch:
⢠Resistance: $2.89, $3.1, $3.58
⢠Support: 20-day EMA ($2.34), 50-day SMA ($1.90)
Get ready for a pivotal moment in WIFâs price action!
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