The post Dogwifhat Price Prediction – Can WIF Reach $5 in 2024? appeared on BitcoinEthereumNews.com.

DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please . Dogwifhat made waves earlier in the year as one of the most explosive meme coins since Pepe and Shiba Inu. But since March, $WIF has faced stiff headwinds and competition from newer meme coins that have held the token’s price back from setting a new all-time high. In this Dogwifhat price prediction, we’ll take a closer look at $WIF’s potential for the remainder of 2024, including whether the token can finally break through the $5 barrier.  $WIF Forms Descending Wedge, Predict $4.10 Price Target Technical analysis of $WIF on a daily time frame shows a clear descending wedge pattern forming in the token since March. $WIF hit highs of $4.85, $4.08, and $2.79, each roughly 2 months apart. At the same time, the token has formed a strong support area between $1.60 and $1.80, where it’s currently trading. The wedge was originally identified by Pidgeon Trades in May, but the pattern continued to develop instead of resulting in a breakout as suggested at the time. As highly requested: $WIF Analysis.Dogwifhat is currently trading sideways, curling up for it’s next move, as it nears the apex of the wedge we’d expect the breakout to happen here pretty soon. Due to the uptrend $WIF is in on the macro scale as well as the general hype around… pic.twitter.com/Gb2F0aObMf — Pidgeon (@PidgeonTrades) May 24, 2024 Now, the extended wedge pattern suggests that in September, $WIF could rise to a fourth high and challenge the descending wedge once again, likely in the price range of $2.00. However, instead of bouncing off the trendline, $WIF could finally…

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Filed under: News - @ August 14, 2024 10:19 pm