The post Dogwifhat (WIF) Price Surges to 1-Month High, Rally to Continue? appeared on BitcoinEthereumNews.com.

Coinglass reports that the amount of derivatives has increased by 127.81% to $1.94 billion. WIF recently jumped to $2.4786, a one-month high, a rise of 47% from $1.665. The crypto market made a stunning turnaround this week, filling investors with enchanted anticipation for the commencement of the long-awaited bull run. With its surge to $65,000, Bitcoin set off a larger wave of optimistic sentiment. The dogwifhat price analysis, meantime, shows that WIF is about to go on a run that will more than double its value in the next several weeks. Rebounding from support at $1.5, Dogwifhat got the trading week off to a good start. With more and more investors purchasing WIF, the price surged and eventually settled at $2.37. The Coinglass website reports that the amount of derivatives has increased by 127.81% to $1.94 billion, signaling a rise in open interest (OI), with 27.37% of new contracts opening for a total of $302.47 million. Bulls in Control Following an extended period of decline, Dogwifhat (WIF) recently jumped to $2.4786, a one-month high, a rise of 47% from $1.665 in the previous seven days as per data from CMC. The volume of trades, however, has fallen 11% in the last day. On the other hand, there is a pessimistic trend among other memecoins. Dogecoin fell 2% and SHIB fell 10% due to worries over the WazirX breach. Regardless, a number of indications for WIF are pointing to an upward trend, with the 50-day EMA at $2.19 being the first. Similarly, the data from liquidations reveals that longs outnumbered shorts. But shorts have won out over longs in the last four days, however, recently shorts worth $1.83 million have been liquidated. Highlighted Crypto News Today: Bitcoin Faces Brief Resistance After Recent Rally, What Next? Source: https://thenewscrypto.com/dogwifhat-wif-price-surges-to-1-month-high-rally-to-continue/

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Filed under: News - @ July 19, 2024 4:26 am