As of the writing of the news, Dogwifhat is trading at $ 2.5 with a 5.75 percent increase. The popular memecoin has a market value of $ 2.5 billion.
Is a 32 percent increase possible?
The Bull Flag pattern is used for conditions where the price represents the main trend with a long "pole", then a temporary direction change with a "flag" formation. The current change remains above the 50-day moving average, indicating a healthy pullback for the next rally.
WIF is currently trading at $2.48, just 1.5% away from the flag resistance. There are expectations for WIF to move higher, with buyers supporting it, if the uptrend line is broken. The analyst suggests that if the said breakout occurs, WIF could rise by 32% and push $3.3.
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