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Though the weekly charts show a decline, market indicators suggest that WIF might just be experiencing a temporary pullback.
Over the last 30 days, WIF has jumped by 53.72%. Market sentiment hints that dogwifhat could reach a five-month high of $3.5.
After its month-long surge, WIF faced a significant dip last week. As of now, WIF is trading at $2.4, marking a 8.53% drop on the weekly charts. Previously, the token had been on a consistent upward climb, gaining 53.72% in monthly charts.
Despite the recent dip, the last 24 hours have shown signs of recovery, especially in trading activity. WIFâs trading volume has shot up by 79.29% to $402.14 million, indicating potential momentum.
Given the current market situation, questions about the memecoin's future trajectory have emerged.
Market Sentiment
According to an analysis by AMBCrypto, dogwifhat is currently experiencing strong positive sentiment. Data from Market Prophit shows that WIF's crowd sentiment stands at 0.1263, with a Buzz Score of 1.098. Both the crowd Z score sentiment and market Prophit Z score sentiment remain optimistic.
Chart Analysis
The charts for WIF suggest that itâs positioned for potential gains. According to Binance perpetual futures data, the majority of investors are leaning towards long positions, with 86.35% of accounts holding long positions, while 13.65% are short.
These market conditions reflect a strong bias towards long positions, showcasing investor confidence in WIFâs future performance.
Moreover, a positive OI-Weighted Funding Rate over the last three weeks further supports this demand for long positions, implying that long traders are paying short traders to hold their positions, reinforcing bullish sentiment.
Hope my research will help you đ. DYOR before any trade . The information is not financial advice , it's just for education purpose so you could take help from it.
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Average Buy Zone : 1.7-1.8 Resilience level : 2.0 Sell Zone : 2.25
This analysis is for weekly trade and you can use it for both future and spot trade but by understanding the risk management and Don't ever invest more than 10% of your portfolio in a single trade.
For Long Term
If you want to hold Sui for long term then you should target 1.5 and if you are sui lover then you can take first entry at 1.75 (But in this case you have to retain funds for 2nd buying DCA). 2nd buying in this case will be at 1.5-1.55
$BTC #Btcpricealert According to my analysis Bitcoin can dump to 65500 and from there it will start pumping . The Maximum low can be 65000 during this week. There are chances that the market will start up momentum from Friday. And the next high could be 70000 and if the market give resistance at 70000 of about 24 hours then we might see the all time high which could be 80k. Stay happy đ.
Solana (SOL) Price Analysis on Binance: A Strategic Look at Buy and Sell Zones
Current Market Overview
Solana (SOL) has been one of the standout performers in the cryptocurrency space, owing to its high-speed blockchain and growing ecosystem. With consistent developments and strong support from the community, its price remains highly volatile, offering both risks and rewards for traders.
Buy Zone:
$162.50Based on my analysis, the ideal buy zone for Solana currently sits at $162.50. This level serves as a strategic entry point for both spot and future traders looking to capitalize on upward price movement. Here's why this price point matters:
Support Level:
$162.50 represents a solid support zone where buyers tend to accumulate. Historically, this price has acted as a floor, with strong buying interest emerging around this level.Market Sentiment: Positive sentiment surrounding Solanaâs technological advancements and growing adoption keeps investors optimistic. Entering at $162.50 allows traders to benefit from potential price spikes as bullish trends form. Sell Zone: $170 to $178 For traders who have entered around $162.50, my analysis indicates a sell zone between $170 and $178. Hereâs the breakdown:
Resistance Levels
: Between $170 and $178, Solana often faces resistance where sellers emerge to lock in profits. For traders, this is a prime opportunity to exit positions or secure partial profits.
Price Volatility:
As Solana typically experiences volatility near these price points, setting your sell targets within this range ensures that youâre not caught in sudden pullbacks or corrections.
Whether youâre trading spot or futures, protect your positions with stop-losses to minimize risk.
2. Stay Updated on News: Keep an eye on any developments in the Solana ecosystem or macroeconomic events that could influence the broader crypto market. successful trades.Happy trading!
Open the BTC graph and check the authenticity of my yesterday analysis on BTC . follow and like for more analysis and Signals . I'll be sharing a future signal in half an hour. Stay connected #btc $BTC
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Bullish
BTC will remain stuck between 69000 and 68000 in ext 24 hrs. You can trade it in short or long in this gap. Follow for more signals.
BTC will remain stuck between 69000 and 68000 in ext 24 hrs. You can trade it in short or long in this gap. Follow for more signals. #BTCSoarsTo68K #BTCâ #BTCâ #btc $BTC