Dogwifhat Price Slides Below Key Averages as $0.80 Support Becomes Critical
The post Dogwifhat Price Slides Below Key Averages as $0.80 Support Becomes Critical appeared on BitcoinEthereumNews.com.
Dogwifhat (WIF) trades near $0.87, down 2.9% in 24 hours, as bearish signals dominate its short-term outlook. The hourly WIF/USDT chart displays price action below the 5-, 10-, and 20-hour moving averages, with rising sell volume reinforcing downward momentum. Key indicators reinforce the cautious tone: the RSI is oversold, suggesting a brief rebound, while the MACD remains negative, warning that any bounce may be limited without a shift in sentiment. Immediate support stands at $0.80, with resistance near $0.90. On the daily timeframe, the altcoin consolidates inside a symmetrical triangle, forming a corrective B-wave pattern that may precede a C-wave breakout. Analysts highlight potential upside checkpoints at $2.92, $4.20, $5.24, and $7.54, provided the token closes decisively above the triangle’s upper boundary. Price Drops Below Key Moving Averages Dogwifhat is trading at around $0.87 after dropping 2.9% in the past 24 hours. The token’s market capitalization stands at $873 million with a 24-hour trading volume of approximately $123 million. During the latest session, the asset opened near $0.88, briefly moved above $0.90, and then reversed downward. WIFUSD 24-Hr Chart | Source: BraveNewCoin On the hourly chart, Dogwifhat remains below the 5, 10, and 20-hour moving averages. Analysts view this setup as a sign of sustained downward momentum. Trading volume increased during the late-day decline, indicating strong selling pressure. Market observers suggest that the token must reclaim key moving average levels to restore short-term strength. Momentum Indicators Show Bearish Bias The Relative Strength Index (RSI) is in oversold territory, suggesting that the token may experience a short-term bounce. However, the Moving Average Convergence Divergence (MACD) remains negative and below its signal line. This combination signals that the downward trend is still in place, and any recovery attempts could face strong resistance. WIFUSDT Chart | Source:x Immediate support sits near $0.80, a…
Filed under: News - @ September 23, 2025 2:17 am