bullish

when

Reserve

Higher

Gains

<ul>
 <li>Dogwifhat (WIF) breaks a downtrend, gaining 65% after the Fed rate cut.&nbsp;&nbsp;</li>  
 <li>WIF surpasses key resistance levels, flipping multiple Simple Moving Averages.&nbsp;&nbsp;</li>  
 <li>Traders eye potential new all-time high as momentum continues to build.&nbsp;&nbsp;</li> 
</ul>  
<p><a href="https://cryptonewsland.com/wif-surges-18-new-ath-soon/" target="_blank" rel="noopener noreferrer nofollow">Dogwifhat (WIF)</a> has broken free from a prolonged bearish spell, emerging from a descending channel on the daily chart. This breakout has stirred excitement as the token sets its sights on a potential all-time high.&nbsp;</p>  
<p>With momentum building, WIF now stands at the threshold of significant price gains. This is fueled by macroeconomic factors and renewed investor optimism.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/breakout_expert/status/1840697756668633154
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</figure>  
<h2 class="wp-block-heading" id="h-wif-surges-following-federal-reserve-rate-cut">WIF Surges Following Federal Reserve Rate Cut</h2>  
<p>The surge began when the <a href="https://cryptonewsland.com/federal-reserve-set-for-first-interest-rate-cut-since-pandemic-as-markets-watch/" target="_blank" rel="noopener noreferrer nofollow">Federal Reserve cut interest rates</a> by 50 basis points last Wednesday. Since the announcement, WIF has soared by more than 65%, surpassing nearly every other meme coin in the top eight, according to Coingecko.&nbsp;</p>  
<p>This impressive performance reflects the market’s growing faith in Dogwifhat as a standout token in the meme coin sector. In addition to the rate cut, WIF’s rise has been aided by its breakout from a critical downtrend.&nbsp;</p>  
<p>The token crossed a key trendline that has been weighing it down since May 29. This move, combined with its flipping of the 50-day, 100-day, and 200-day <a href="https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/sma" target="_blank" rel="noopener noreferrer nofollow">Simple Moving Averages</a> (SMA), has triggered a wave of bullish sentiment.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-breaking-key-levels-could-unlock-higher-gains">Breaking Key Levels Could Unlock Higher Gains</h2>  
<p>On the 4-hour chart, is eyeing the resistance at $2.643. A breakout above this level could catapult the token toward the next significant hurdle at $2.939.&nbsp;</p>  
<p>Should this level break, <a href="https://coinmarketcap.com/currencies/dogwifhat/" target="_blank" rel="noopener noreferrer nofollow">WIF</a> may continue its rally to test resistance at $3.472. This surge has not gone unnoticed by traders, who are watching the token’s movement with growing interest.&nbsp;</p>  
<p>Every upward step brings WIF closer to its highest historical value, fueling excitement. As WIF climbs the charts, it reflects the market’s renewed enthusiasm for this Solana-based meme coin, making it one to watch in the coming weeks.</p> 
<p>The post <a href="https://cryptonewsland.com/wif-breaks-downtrend-targets-new-peak/" rel="noopener noreferrer nofollow">Dogwifhat (WIF) Escapes Downtrend, Eyes New All-Time High</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Dogwifhat (WIF) Escapes Downtrend, Eyes New All-Time High

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