TL;DR
- Dogwifhat dances on the edge of a cup and handle, as if the market itself were a tormented soul seeking redemption. 🧠💸
- Analysts, those modern-day prophets, foresee WIF’s ascent to $1.75, $2.20, $2.85, and—ah!—$3.70, as if numbers were divine scripture. 📜
- Whales, those silent titans of the crypto abyss, feast on WIF, while Open Interest swells like a storm cloud. ⚡
The Pattern’s Whisper: A Cry for Change
Dogwifhat (WIF) hovers near a precipice, its price a trembling hand clutching the edge of a cup and handle. This tale began in March, a tale of rounded bases and sideways despair, until July’s tedium. Now, it teeters just above the $1.20 neckline, a fragile promise of salvation. 🕊️
At this moment, WIF trades at $1.23, a modest 11% rise in a week. If it dares to stay above this level, it may escape the chains of its past. Yet, the 100-day moving average, a ghostly specter at $0.84, looms as both shield and shackle. 🧩
Levels to Watch: The Abyss Stares Back
The first sanctuary lies near $1.00. Below that, the $0.84 mark, where the moving average whispers of safety. But should the price plunge further, it may revisit $0.70, a floor once tested in earlier trials. 🕳️
If fortune smiles, WIF’s targets are $1.75, $2.20, $2.85, and—oh, the irony!—$3.70. These numbers, like ancient runes, hint at past reactions and the depth of the cup. Analyst Jonathan Carter, with a prophet’s fervor, declares: “If the pattern holds, we could see the price surge toward these heights.” 📈
“If the pattern holds, we could see the price surge toward targets at $1.75, $2.20, $2.85, and $3.70.”
#WIF
Dogwifhat is ready to breakout off the neckline of a cup and handle pattern on the daily chart
If the pattern holds, we could see the price surge toward targets at $1.75, $2.20, $2.85, and $3.70
— Jonathan Carter (@JohncyCrypto) July 22, 2025
Trading Activity: A Dance of Hope and Despair
The Relative Strength Index (RSI), that fickle heart of the market, hovers near 70—a sign of fervent demand, yet a warning of impending exhaustion. On the volume profile, a lighter zone above $1.30 awaits, a path for WIF’s ascent, should it dare. 🌪️
Open Interest in WIF futures has swelled to $660 million, a testament to the market’s insatiable hunger. More interest, more capital, more chaos. 🌀
A recent purchase by WIFStrategy, that enigmatic entity, added fuel to the fire. On July 13, they acquired 500,000 WIF tokens, triggering a 30% jump to $1.30. Yet, the price settled near $1.22, a fleeting victory in a long, dark night. 🕯️
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2025-07-23 19:30