While the entire Memcoin sector is showing signs of healthy recovery, the price of WIF is also rising again, showing an upward trend. A bullish reversal after Sunday’s surge portends a potential bounce towards the $4.50 level.
Additionally, with the bullish pattern in the 4H period, sideline traders are holding out to capture the next jump. So, will the upward momentum fueled by the market recovery lead to a continued upward trend for Dogwifhat?
Will Dogwifehat continue the Bull Run this March?
Trading View
WIF price, up 683% in the last 30 days, shows a remarkable continuation of strength. With the overall market recovery and peak interest in the meme coin sector being key catalysts, Dogwifhat remains one of the best meme coin performers.
Additionally, with an extraordinary bullish formation resulting from a higher formation, Dogwifhat shows an expanding triangle pattern in the 4H period. It is generally known to indicate a continuation of a trend, which could lead to a bullish breakout.
Continuing the bullish trend, WIF price surged 36% overnight on Sunday, before falling 5.84% intraday to currently trade at $2.87. Therefore, intraday downturns become a potential entry point for sidelined players.
Technical indicators:
MACD indicator: As the WIF price rebounds strongly, the MACD and signal line show a positive crossover. Therefore, momentum indicators support an upward trend.
Will WIF price reach $5?
The overall price trend for Dogwifhat remains bullish and the price action shows that a breakout is likely. Therefore, if buyers control the trend, WIF price is likely to reach the $5 level.
Additionally, as per the pivot point standards, the next targets for Meme Coin are $3.79, $4.56, and $5.56.