Why WIF could rally?

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Dogwifhat News

Cryptocurrencies,Technical Analysis

Dogwifhat (WIF) price broke out of a descending trendline on Tuesday and is trading above $2 as of Wednesday.

Dogwifhat price broke a descending trendline on Tuesday and trades above $2 on Wednesday. On-chain data shows that the largest WIF holder has accumulated 2.3 million tokens worth $4.67 million. A daily candlestick close below $1.54 would invalidate the bullish thesis. Dogwifhat price broke out of a descending trendline on Tuesday and is trading above $2 as of Wednesday. On-chain data reveals that the largest whale has accumulated 2.3 million tokens valued at $4.

com/EHbdZVBHl9 — Lookonchain June 26, 2024 WIF price shows potential Dogwifhat price broke out of a descending trendline on Tuesday and is trading above $2 as of Wednesday. This trendline is drawn by joining multiple swing high levels from June 5 to June 25. If this trendline holds as pullback support and the WIF price closes above the $2.10 daily resistance level, it could rally 25% to retest its daily high of $2.64 from June 17.

 

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