We recommend looking to accumulate WIF between $1 and $2, as this range aligns with a key Fibonacci retracement level (61.8%), which often serves as a strong reversal point.
Please note: The video above is set to start at the 26-minute 21-second mark, featuring an in-depth technical analysis of Dogwifhat (WIF).
This retracement level correlates with previous areas of demand, reinforcing our view that WIF could soon see a reversal to the upside. If the market stabilises and WIF reclaims key support levels, it could present a solid buying opportunity for those looking to capitalise on the next leg up.
WIF is currently forming a promising candlestick pattern on the weekly chart, suggesting it may be nearing the bottom of its current range.
What is Dogwifhat: Dogwifhat (WIF) has emerged as the leading meme token of this cycle within the dog category. Inspired by the viral "dog wif a hat" meme, this playful token captures the essence of internet culture while riding the wave of Solana's growing popularity. At Cryptonary, we're particularly bullish on Solana this cycle, and WIF aligns perfectly with this Meme supercycle sentiment along with being on the Solana Chain, making it a significant asset in our portfolio.
WIF’s ATH is $4.85. We hold WIF at an average price of $0.03 because we believe in its potential as the dominant meme token in the dog category this cycle.
How to buy WIF: