Dogwifhat Price Battle: Can it Reach $1.28?

Updated

May 20, 2025

Gambar Dogwifhat Price Battle: Can it Reach $1.28?

Jakarta, Pintu News – Dogwifhat is currently at a critical juncture, where buyers and sellers are tugging at each other for market dominance. This dynamic will determine the direction of the next price movement. After reaching a peak of $1.32 a few days ago, Dogwifhat experienced a decline, but is now showing strong signs of recovery.

Analysis of Recent Price Movements

After dropping to a local low of $0.922, Dogwifhat managed to reverse the trend by retesting support at $0.93 and managed to rebound significantly. Currently, Dogwifhat is trading at $1.048, showing an increase of 12.4% in the last 24 hours. This bullish momentum is also evident in the broader time frame, with a price increase of 13.77% on a weekly basis and 150% on a monthly basis.

Dogwifhat showed strong market demand, indicating investor confidence in WIF’s prospects. In the last 24 hours, buyers have accumulated 25.82 million tokens, while sellers offloaded 19.64 million tokens, resulting in a positive delta of 6.18 million. This shows the dominance of buyers in the spot market, which has been instrumental in the recent price rebound.

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Market Dynamics and Investor Sentiment

Most investors entered the market with long positions, indicating a strong bullish sentiment. Data from Coinalyze shows that the dominant futures account is long, with a percentage of 68%, while short is only 31%. This indicates that the majority of traders expect prices to continue rising.

However, there was a significant mismatch between buy volume and activity on the exchange. Despite buy volumes being higher than sell volumes, Dogwifhat experienced strong selling pressure on exchanges with more inflows than outflows. Data from CoinGlass shows that spot netflows have returned to positive, reaching $5.09 million in recent days.

Potential and Future Price Predictions

Although Dogwifhat’s RSI is currently below its MA at 63, with the MA hovering around 68, it shows that bearish sentiment is still strong in the market. However, if speculators continue to buy and the RSI reverses to bullish, there is potential for further upside.

To continue the rally, Dogwifhat’s RSI needs to cross its moving averages while buyers continue to outperform sellers. If these conditions are met, Dogwifhat could cross its 200 EMA which is near $1.28. Conversely, if the bullish momentum cannot be sustained, a retracement towards $0.84 is likely.

The Future of Dogwifhat

With constantly changing market dynamics and varying sentiments, the future of Dogwifhat remains an interesting topic to follow. Investors and traders are advised to constantly monitor market indicators and trends to make informed investment decisions.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.