Dogwifhat is trading above its 50-day and 100-day EMAs following a 4.82% increase. The Social Dominance score of 0.327% reflects increasing popularity. The 379.54 million USD Open Interest shows rising buying activity, with a positive funding rate shift from selling to buying dominance.
Approaching resistance levels defined by a broadening wedge pattern, Dogwifhat indicates potential bullish outcomes if it surpasses key price levels. With technical indicators showing positive signs and declining bearish sentiment, the outlook for WIF remains optimistic as it looks to breach resistance at 0.92 USD.
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