{"id":633731,"date":"2024-08-07T21:30:12","date_gmt":"2024-08-07T21:30:12","guid":{"rendered":"https:\/\/wncen.com\/?p=633731"},"modified":"2024-08-07T13:14:02","modified_gmt":"2024-08-07T13:14:02","slug":"dogwifhat-gains-traction-wif-jump-19-beyond-major-resistance-level","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/dogwifhat-gains-traction-wif-jump-19-beyond-major-resistance-level\/","title":{"rendered":"Dogwifhat Gains Traction: WIF Jumps 19% Beyond Major Resistance Level"},"content":{"rendered":"
Dogwifhat<\/span><\/a> (WIF) has recently demonstrated significant bullish momentum, as its price surged 19% to break through the $1.5 critical resistance level. The breakout above this key resistance suggests increasing buying pressure for the cryptocurrency and opens up new possibilities for further upward movement.\u00a0<\/span><\/p>\n As WIF maintains its momentum above the $1.5 resistance mark, the question is whether the bulls can continue driving the price higher toward the next resistance level at $2.2, or if a pullback is imminent.<\/span><\/p>\n This article aims to inform the audience about the significant price movement of Dogwifhat, provide a detailed technical analysis of the breakout above the $1.5 resistance level, and assess <\/span>market<\/span><\/a> sentiment along with potential future price directions including key levels to watch.<\/span><\/p>\n WIF was trading at around $1.69 and has increased by over 19% with a market capitalization of over $1.7 billion and a trading volume of over $734 Million as of the time of writing. In the last 24 hours, the asset\u2019s <\/span>market cap<\/span><\/a> has increased by more than 19%, while its trading volume has decreased by more than 20%<\/span><\/p>\n Currently, the price of WIF on the 4-hour chart has printed two bullish candlesticks, surpassing the $1.5 resistance mark towards the\u00a0 100-day Simple Moving Average (SMA). Since breaching this <\/span>key resistance level<\/span><\/a>, the digital asset has experienced a consistent upward trend, suggesting that bulls are taking control and could further drive the price higher.<\/span><\/p>\nTechnical Analysis: Breaking Through $1.5 Resistance<\/strong><\/h2>\n