Based

bullish

Bitcoin

<p>As Bitcoin drops below $95,000, the broader market recovery takes a sharp blow as the November rally ends on a pullback note. Amid the increased supply, the WIF price trend is back to the $3 support.&nbsp;</p>   
<p>Amid the quick pullback, WIF prices are at a crucial crossroads in deciding the December trend's fate. Will the pullback crash under $3 or is a bounce back to $7 at the horizon?</p>   
<h2 class="wp-block-heading" id="h-dogwifhat-price-performance-nbsp">Dogwifhat Price Performance&nbsp;</h2>   
<p>The WIF price trend showcases a rounding reversal rally that is gaining momentum. Starting from the $1.262 mark, the high and low formation in WIF price has crossed the $3 psychological mark.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/26163041/Emkrjc2L-1-1024x509.webp" alt="WIF price chart" class="wp-image-385563">
</figure>   
<p><a href="https://www.tradingview.com/x/Emkrjc2L/">Tradi</a><a href="https://www.tradingview.com/x/Emkrjc2L/" target="_blank" rel="noreferrer noopener">n</a><a href="https://www.tradingview.com/x/Emkrjc2L/">gview</a></p>   
<p>The recovery rally peaked at $4.797, but with the broader market correction, the meme coin is back at $3. It is currently trading at $3.13 and finds support from 78.60% Fibonacci level at $2.9845.&nbsp;</p>   
<p>As a retest, the WIF price trend is teasing a W-bottom reversal despite the long wake formation. The uptrend failed to sustain dominance above the $3.7733 or 100% Fibonacci level.&nbsp;</p>   
<p>Currently, the meme coin is consolidating between two crucial zones. A breakout on either side will decide the upcoming price trend.&nbsp;</p>   
<h3 class="wp-block-heading" id="h-technical-indicators">Technical indicators:</h3>   
<p><strong>EMA</strong>: Providing dynamic support, the rising 50-day EMA is inching closer to the 78.60% Fibonacci level.&nbsp;</p>   
<p><strong>MACD: </strong>The MACD indicator maintains a reclining trend with a surge of bearish histograms.</p>   
<h2 class="wp-block-heading" id="h-will-the-wif-price-bounce-back-for-a-new-ath-at-5">Will the WIF Price Bounce Back for a New ATH at $5?</h2>   
<p>With an intraday pullback of 1.83%, the meme coin is pointing to the bearish candle. Prior to this pullback, the meme coin registered a massive surge of 116%. Hence, the ongoing pullback is a potential retest and is likely to bounce back.&nbsp;</p>   
<p>Based on the Fibonacci level, the downside price targets are at $6.7180 and the Fibonacci level at $2.48. In case of a bullish breakout, the upside potential price targets are at $5.08 and $7.427. The rounding bottom pattern shows an increased chance of a bullish breakout as the broader market recovers.</p>   
<p>Will the WIF price reach $10? Find out now in Coinpedia's latest <a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/#:~:text=The%20live%20price%20of%20the,by%20the%20end%20of%202030." target="_blank" rel="noreferrer noopener">Dogwifhat price prediction</a>.</p>   
<h2 class="wp-block-heading" id="faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732612184794">
  <strong class="schema-faq-question">What pattern is forming in the WIF price trend?</strong> 
  <p class="schema-faq-answer">The WIF price trend shows a rounding bottom reversal. Furthermore, the potential W-bottom fuels the WIF price.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732612188488">
  <strong class="schema-faq-question">What are the key price levels for WIF?</strong> 
  <p class="schema-faq-answer">Key support lies at the 78.60% Fibonacci level of $2.9845, while resistance is at $3.77 (100% Fibonacci level). Upside targets include $5.08 and $7.427.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732612188837">
  <strong class="schema-faq-question">What indicators support a bullish breakout for WIF price?</strong> 
  <p class="schema-faq-answer">The rounding bottom pattern, rising 50-day EMA near the 78.60% Fibonacci level, and a broader market recovery increase the chances of a bullish breakout.</p> 
 </div> 
</div>

WIF Price at $3 Signals Rounding Bottom Breakout to $7.42

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