Dogwifhat: Why $WIF ’s next rally depends on closing above $2.5 - AMB Crypto Analytics

Irma - Sep 29 - - Dev Community

Dogwifhat (WIF) surged 37% since Monday, breaking out of a seven-week range that topped at $1.98. With WIF in its first cycle, a long-term uptrend similar to Dogecoin’s 2021 run is possible. Investors and traders should watch key levels closely.

The market remains bullish, with strong buying pressure as indicated by the OBV. Fibonacci retracement levels suggest $2.5 as critical resistance, a level that previously flipped from support in July. A daily close above this point could confirm the uptrend, though Bitcoin's movement may impact WIF's price.

In the short term, $2.5 remains a key resistance zone, while support sits between $1.8 and $1.9. If liquidity around $2.5 is tested, it could determine the next price direction.

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