dogwifhat

<ul><li>Dogwifhat witnessed a significant 20% drop, breaking below the critical $3.18 support level on Friday.</li><li>A potential short-lived recovery could occur between $3.15 and $2.88, challenging the current bearish trend.</li><li>If WIF fails to sustain above $3.01, it might see an additional 16% decrease, testing new supports at $2.52.</li></ul>After breaking through its critical support level at $3.18, Dogwifhat (WIF), a Solana-based meme coin, experienced a significant downturn last Friday. This signaled a bearish market phase that might include a transient rally. WIF’s price fell sharply by 20%, indicating a potential short-term correction within a broader downward trend.The phenomenon, known as a dead cat bounce, suggests a minor recovery could temporarily uplift the WIF price between the narrow range of $3.15 and $2.88. Such a rally could bring the price to an intermediate high of approximately $3.01 before facing potential resistance. If this price level cannot be sustained, <a href="https://cryptotale.org/wif-and-1inch-display-bullish-trends-in-recent-market-movements/" rel="noopener noreferrer nofollow">WIF</a> might see a decline of about 16%, revisiting the lower support boundary at $2.52.The Relative Strength Index (RSI) corroborates this outlook, resting near 36, slightly above the oversold marker at 30. This metric hints that although the selling momentum is intense, a slight easing could foster a brief <a href="https://cryptotale.org/thorchain-rune-expected-to-bounce-from-6-2-support-targeting-7-6/" rel="noopener noreferrer nofollow">price rebound</a> before continuing the downtrend.<a href="https://cryptotale.org/wif-faces-crucial-test-can-it-bounce-back-from-recent-lows/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

WIF Faces Crucial Test: Can It Bounce Back from Recent Lows?

CryptoTale

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