Dogwifhat (WIF) price witnessed a brutal crash on Friday following Bitcoin’s footsteps.
Dogwifhat price is consolidating inside a broadening wedge setup. The recent crash knocked WIF to retest the lower limit of this technical pattern. WIF is likely to sweep $2.32 before it triggers a rally to the upside. Dogwifhat price witnessed a brutal crash on Friday following Bitcoin’s footsteps. While some altcoins are recovering, WIF is likely to slide even lower before it attempts a recovery.
Going forward, investors can expect Dogwifhat to break the broadening wedge to the downside and sweep the $2.32 support level. How WIF reacts to this level is key to determining where the dog-themed crypto will head. A sweep followed by a reclaim would be the first sign that the dogwifhat meme coin is ready to move higher. Beyond this level, WIF needs recovery above the broadening wedge’s lower limit. If these two conditions are met, the meme coin could eye a retest of $3.25.
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