WIF Price Rises In A Channel With Bulls On High Alert, Eyes $5!

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With the overall meme coin sector signaling a healthy sign of recovery, the WIF price is also rising with a refueled uptrend. FInidng a surge on Sunday, the bullish reversal teases a potential rally to the $4.50 mark.

Further, with a bullish pattern in the 4-H timeframe, the sideline traders are on hold, looking to capture the next jump. So, will the rising momentum, supported by market recovery, lead to a prolonged uptrend in Dogwifhat?

Will Dogwifhat Continue The Bull Run This March?

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Accounting for a 683% jump in the last 30 days, the WIF price shows a remarkable bull run continuation. With the overall market recovery and the peaked interest in the meme coin sector being the key catalysts, the Dogwifhat remains one of the top meme coin performers.

Further, with the extraordinary bull run with higher high formations, the Dogwifhat showcases an expanding triangle pattern in the 4H timeframe. Generally, it is known for indicating a trend continuation, which may shortly lead to a bullish breakout. 

With the bullish trend in continuation, the WIF price currently trades at $2.87 with an intraday fall of 5.84% following the 36% overnight surge on Sunday. Thus, the intraday pullback is a potential entry spot for sideline players. 

Technical indicators:

MACD indicator: With the WIF price taking a bullish bounce back, the MACD and signal lines give a positive crossover. Thus, the momentum indicator supports the uptrend. 

Will WIF Price Hit $5?

The overall price trend in Dogwifhat remains bullish, and the price action is demonstrating a high likelihood of a breakout run. Therefore, with the buyers in control of the trend, the WIF price is likely to hit the $5 mark. 

Further, as per the pivot points standard, the next targets for the meme coin are $3.79, $4.56, and $5.56.