Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ALTCOIN NEWS»WIF’s price prediction failed, but here’s why it could save it.
ALTCOIN NEWS

WIF’s price prediction failed, but here’s why it could save it.

By Crypto FlexsMarch 19, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
WIF’s price prediction failed, but here’s why it could save it.
Share
Facebook Twitter LinkedIn Pinterest Email
  • WIF has recorded double-digit losses since March 18.
  • The lack of sales volume in the spot market was encouraging for the upside.

Popular meme coin dogwifhat (WIF) has fallen 32% since hitting a local high of $3.28. Bitcoin (BTC) price has also fallen over the past 24 hours. BTC has lost 5.9% in this window at press time, and more losses could follow later this week.

WIF bulls will be hoping to defend the $2 support level. But momentum and sentiment were not on their side. Can we see memecoin trending downward?

The $3 support was broken earlier this week. Will $2 follow?

WIF 4-hour chart

Source: WIF/USDT on TradingView

WIF maintains a bullish market structure with a swing low of $2.049, the higher low of the uptrend. Fibonacci retracement levels show that WIF has retested the 78.6% retracement level at $2.17, forming this swing low.

A move below $2.05 will reverse the market structure to bearish on the 4-hour chart. RSI is already below the neutral 50 level, indicating that bearish momentum is strengthening. OBV has also shown a downward trend over the past two days.

Another bounce is likely in the $2 support area. Even if they did that, the power of buyers was a problem in the short term. If the structure reverses bearishly, $2 and $2.4 will be the key resistance levels.

Spot selling pressure remains weak

WIF Coin AnalysisWIF Coin Analysis

Source: Coin Analysis

Open interest decreased from $364 million to $227 million in the last 48 hours. This massive plunge came with a 32% drop in prices. This showed that bearish sentiment had taken hold of speculators.


Realistic or not, WIF’s market cap in BTC terms is:


In the futures market, traders were reluctant to take long positions, while in the spot market, participants were reluctant to sell WIF. Spot CVD has maintained an upward trend since March 17, although it has fallen slightly in recent hours.

This makes it more likely that WIF bulls will maintain $2 support if Bitcoin can stabilize.

Disclaimer: The information presented does not constitute financial, investment, trading, or any other type of advice and is solely the opinion of the author.

Next: Ethereum price prediction and strategy for a return to $4,000

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto EXEC is not the end of the rally.

July 24, 2025

Shib or PEPE: What memes coins are cut to the top 10 first?

July 17, 2025

The PBK Miner uses XRP mining to start a stable and efficient income method to easily earn $ 18,000 a day.

July 10, 2025
Add A Comment

Comments are closed.

Recent Posts

LFG… Launches AI Alpha Pilot For Meme-Coin Hunters

July 24, 2025

Zircuit Launches AI Trading Engine For Lightning-Fast, Cross-Chain Trading

July 24, 2025

Bybit Card Celebrates Two Million Users With Limited-Edition Collectible And 1 BTC Giveaway

July 24, 2025

MemE Coin PEPETO, based on Ether Leeum, has exceeded $ 5.5 million in pre -sales.

July 24, 2025

Crypto EXEC is not the end of the rally.

July 24, 2025

Big Bob Slot -Self -There fish, bite wins!

July 23, 2025

XRP Holders Multiply Wealth 10X – Safely & Fast

July 23, 2025

Ethereum Based Meme Coin PEPETO Surpasses $5.5M In Presale

July 23, 2025

Crypto MEV Bot (Cryptomevbot.com) Launches Crypto Trading Bot For Individual And Enterprise Traders

July 23, 2025

Ether Leeum price rises

July 23, 2025

How to Start with Web3 and Crypto -Dew Prehtation

July 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

LFG… Launches AI Alpha Pilot For Meme-Coin Hunters

July 24, 2025

Zircuit Launches AI Trading Engine For Lightning-Fast, Cross-Chain Trading

July 24, 2025

Bybit Card Celebrates Two Million Users With Limited-Edition Collectible And 1 BTC Giveaway

July 24, 2025
Most Popular

Best Cryptocurrencies to Buy Now March 15 – Aptos, Fetch.ai, Conflux

March 16, 2024

The Uniswap founder says token distribution strategies should focus on real value, not hype.

May 5, 2024

Bitcoin Comes Back in the NFT Market – Surpasses Ethereum in NFT Sales

March 2, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.