dogwifhat

<ul><li>Analyst Nebraskangooner reports WIF&#39;s sharp decline after a notable deviation, indicating a bearish trend.</li><li>Analyst CryptoJack anticipates WIF will retest the $1.5 support level, highlighting strong buying interest at this price point.</li><li>There was a noticeable bounce from mid-July, suggesting a potential trend reversal.</li></ul>WIF is experiencing a sharp decline after a significant deviation, marking a notable change in its price action. Analyst Nebraskangooner highlighted this deviation, where the price briefly spiked above the moving averages before reversing sharply. At the time of writing, WIF price stands around <a href="https://www.coingecko.com/en/coins/dogwifhat" rel="noopener noreferrer nofollow">$1.90</a>, down 3.31% for the day, highlighting a bearish trend that has persisted for some time.Following the deviation, the price began a downward trajectory. The peak around $2.80, marked during the deviation, was unsustainable. This was followed by a rapid decline to the current level of $1.90. Throughout this period, volume activity surged, indicating substantial trading interest during the deviation. However, as the price reversed, the volume tapered off, reflecting diminished buying interest. This shift in volume suggests a weakening momentum, contributing to the ongoing bearish sentiment.Analyzing the technical indicators reveals critical support and resistance levels. The $2.80 level acted as a significant resistance that the price could not sustain. The price near $1.90 might be approaching a support level, though caution is advised due to the prevailing downtrend<a href="https://cryptotale.org/analyst-notes-wif-fall-to-1-90-following-key-deviation/" rel="noopener noreferrer nofollow">.</a><a href="https://cryptotale.org/analyst-notes-wif-fall-to-1-90-following-key-deviation/" 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>|

Analyst Notes WIF Fall to $1.90 Following Key Deviation

CryptoTale

Other articles published on Aug 3, 2024

Ethereum Price Crashes Below $3,000 As Revenues Drop To New Lows

Stunning 4,497x Return: Trader Turns $5K into $24M with Dogwifhat (WIF) Memecoin!

Crypto: Cardano Soars With a Record Transaction Volume!

Bitcoin Dips Below $63K as Genesis Distributes Assets Following Bankruptcy

$9.98M Token Unlock & StarkWare Allegations Shake the Market

Fantom Rebrands To Sonic Labs, Gears Up For Highly Anticipated EVM Chain Launch

Join our free newsletter for daily crypto updates!