Dogwifhat price has formed a bullish pattern indicating that the price is likely to recover after a strong upward movement and correction. As pointed out by market analyst Ali, the TD Sequential indicator on the 4-hour chart has formed a buy signal. It signals that the trend has changed and could go up.
The meme coin is on the move as it rebounds from local support at $3.40. The analyst has set a target of $3.80 given that the token will be able to break initial resistance levels.
Dogwifhat price Technical Analysis: Signs of a Bullish Rebound
The TD Sequential indicator is used to identify trend reversals. It has given a buy signal on WIF at 4-hourly chart.
The TD Sequential indicator presented a buy signal on the #Dogwifhat $WIF four-hour chart, anticipating a price rebound to $3.80! pic.twitter.com/5CMMtTdDM2
— Ali (@ali_charts) November 19, 2024
This green ‘9’ candle suggests the possibility of an up movement that may result in short-term price changes. WIF remains bullish at $3.40, which remains a support level with higher lows indicating continuing buyers’ interest and firm price action.
WIF
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