Dogwifhat (WIFUSD) Price Forecast: April 4
Dogwifhat price may increase further if the bulls could add more actions to their buying forces in the market. The meme coin is feeling the touch of the long traders at the moment. Thus, if the bulls could add more strength to their buying motives in the market, the coin price may increase further to hit the previous high of $4.857 which could further extend to meet the $5.000 upper resistance level, resulting in an intraday gain and a potential buy signal for the coin holders.
Key Levels:
Resistance Levels: $4.200, $4.300, $4.400
Support Levels: $2.100, $2.000, $1.900
WIF (USD) Long-term Trend: Bullish (4H Chart)
On the daily chart, dogwifhat remains bullish again today and may continue to increase further as the coin buyers are determined around the major market.
The coin price has been above the trend levels in the past few hours, this has made it possible for it to increase further above the trend levels in recent times.
Despite the interruptions of the short traders, WIFUSD buyers successfully made a pullback to a $3.935 supply level above the EMA-50 shortly after the 4-hourly chart opened today.
Thus, if the coin buyers could hold and close the 4-hourly chart above the $4.857 high mark, the coin price may increase further and a potential BUY signal will be attained.
Additionally, there is likely to be a further increase in the price of dogfight as indicated by the daily signal which is pointing up. Hence, the next increase in price may reach the $5.000 supply trend line in the coming days in its higher time frame.
WIF (USD) Short-term Trend: Bearish (1H Chart)
The market price of WIFUSD is in a bearish trend on the short-term outlook. The coin price might increase further as we can see the gradual return of the buy traders into the market.
The price finds reliable resistance at the $3.963 mark below the EMA-50, resulting in intraday gains; this assures or confirms the bull’s gradual return to the market and also suggests that the coin price will increase further as the bulls are still committed and ready to move the coin price to the key resistance levels.
This current trend will enable the price of dogfight to keep accelerating and may break up the $4.857 previous supply value soon. This however creates a strong area of interest for coin buyers.
Similarly, the price of WIFUSD is in an upward direction on the daily stochastic, this means that the price may continue to increase further. Therefore, the buy investors are expected to move the price action up and may likely hit the $5.000 upper resistance level soon in its short-term outlook.
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