WIF has entered the breakout stage of its prevailing BARR Bottom pattern, with Solana ETF hype furthering the memecoin's upside outlook.
WIF has entered the breakout stage of its prevailing BARR Bottom pattern, with Solana ETF hype furthering the memecoin's upside outlook.
The price of Dogwifhat , a Solana-based memecoin project, surged by 16% in one day, reaching a high of $2.34 on July 1. This is part of a prevailing rebound after WIF's price climbed 60% from its $1.47-lows a week ago.The outlook for WIF in July remains bullish, fueled by the emergence of a rare bullish reversal technical pattern and increased excitement surrounding the Solana exchange-traded fund application in the United States.
The BARR bottom pattern typically consists of three distinct phases: the lead-in phase, the bump phase, and the run phase. Notably, the Lead-in Phase is a prolonged bearish trend characterized by a series of lower highs and lower lows, forming a descending trendline.A sharp decline occurs, diverging from the trendline established during the lead-in phase, called the Bump phase. Finally, the price starts to recover, breaking through the trendline established during the lead-in phase.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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