Dogwifhat (WIF) surged 182.5% in the last month, experiencing significant trading activity around 523 million USD. A notable short squeeze contributed to this spike. Currently, WIF faces resistance at 1.325 USD while showing some consolidation near 1.13 USD. The coin’s support level stands at 1 USD.
WIF’s ability to maintain support above 1 USD could indicate a bullish trend if resistance is surpassed. Short selling pressure may suggest potential volatility ahead. If WIF climbs above 1.15 USD, it could revisit its recent high of 1.35 USD, reflecting investor sentiment in a recovering crypto market.
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