Dogwifhat (WIF) price trades 20% higher, above $1.26 on Wednesday after it retests its psychologically importance level of $1 the previous day.
Dogwifhat price trades 20% higher on Wednesday after retesting its key psychological level of $1 the previous day. WIF’s RSI emerged from its oversold condition, signaling a potential shift in momentum as selling pressure eases. A daily candlestick close below $1 would invalidate the bullish thesis. Dogwifhat price trades 20% higher, above $1.26 on Wednesday after it retests its psychologically importance level of $1 the previous day.
The daily chart’s Relative Strength Index has bounced from oversold conditions. It now reads 37, signaling a potential shift in momentum as selling pressure eases, allowing for a possible recovery. Moreover, the Moving Average Convergence Divergence indicator is also converging. If the MACD flips to a bullish crossover on a daily basis, it would give a buy signal and suggest an upward ahead.
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