The post TD Sequential Signals Buy — Can dogwifhat Reclaim $1.50? appeared on BitcoinEthereumNews.com.

The TD Sequential indicator on the 12-hour chart for dogwifhat (WIF) suggested a potential buy signal as it trades around $0.59. The recent candlestick formations showed a declining trend where WIF bottomed out at $0.59, coinciding with the completion of the TD setup, usually indicative of a reversal. If WIF can leverage this momentum and breach the immediate resistance level at $0.6268, further targets may be set around $0.70 and potentially higher. The $1.50 target — a significant psychological level —implied a near 200% gain from current levels, achievable if the buying pressure sustains and market conditions favor meme coins. WIF/USDT 12-hour chart | Source: Ali/X Conversely, failure to sustain the current support could see WIF retract to lower support levels around $0.5873 or even lower if bearish pressure intensifies. This scenario would likely involve extended consolidation or further declines, particularly if broader market sentiment remains cautious or bearish. – Advertisement – Navigating dogwifhat’s Key Liquidity Levels The liquidation heatmap indicated potential turning points for WIF. Notably, a cluster of liquidity formed around $0.63, which recently witnessed WIF picking liquidity before a price retracement. This level appeared dense with potential liquidations, suggesting strong buying interest that might propel WIF prices upward if sustained. Below this, another critical liquidity cluster formed at $0.57, serving as a possible lower support zone. If prices were to fall to this level and trigger liquidations, it could indeed act as a support, stabilizing the price and potentially driving a rebound in response to the liquidations. WIF liquidation heatmap | Source: Coinglass If the $0.57 level holds, it may confirm its role as a support zone, catalyzing a potential price recovery back towards higher liquidity levels at $0.63. Conversely, should the $0.57 level fail under selling pressure, resulting in a breakdown, WIF might face further declines.…

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Filed under: News - @ February 15, 2025 1:17 am