dogwifhat Cryptocurrency Surges 20% in Four Hours Amid Whale Activity
WIF Price Surge
- dogwifhat (WIF) saw a 20% increase in four hours, currently trading at $1.32, up 14.70% in the last day.
- The market cap is $1.31 billion with a 24-hour trading volume of $1.03 billion.
- A significant purchase by a whale wallet acquired 915,828 WIF tokens, contributing to the price rise.
- The project announced marketing efforts on the Vegas Sphere, coinciding with the price increase.
Technical Analysis
- The WIF token showed three consecutive bullish candles, peaking at $1.37 but struggling to break this resistance level.
- Resistance levels identified at $1.37 and $1.44; a breakthrough could target $1.80.
- On-Balance Volume (OBV) indicates rising buying pressure, maintaining above a key psychological support level of $1.
- Analyst Bluntz Capital suggests recent support at $0.90 may indicate a bottom for WIF.
- Relative Strength Index (RSI) below 39.99 indicates bearish control, but a rebound from oversold levels is noted.
Source: TradingView
Source: TradingView