DogWifHat is bouncing back amid WIF price recovery, but will WIF crypto escape the accumulation zone, and what is the best crypto presale in 2025?
The meme coin market has been rocked over the past week as TRUMP and MELANIA fever gave way to pre-FOMC anxiety – leaving your favorite shitcoins in ruins.
But amid the chaos, DogWifHat is showing resilience. Following the local uptick in WIF price action, what could be a bottom for WIF crypto has emerged in the chart.
Upside movements come as WIF crypto trading volume surges back above the 10-figure mark, now at $1.29Bn traded over the past 24 hours.
New ATH for $WIF next
26RR Setup pic.twitter.com/WrowgOpLuy
— Solid 堅固 (@SolidTradesz) January 29, 2025
Reflecting the bullish shift in WIF price, sentiment on Crypto X has switched acutely bullish—with many calling for a reversal rally post-FOMC. But how realistic is the prospect? Let’s check it out.
WIF Price Analysis: DogWifPrice Crypto Slams Into Recovery Gearing – Can WIF Bounce Back?
After a tumultuous few weeks, WIF crypto is pushing for a recovery with DogWifHat currently trading at a market price of $1.33 (representing a 24-hour change of +26.5%).
This comes as buy-pressure regains dominance over WIF price within the well-established accumulation zone, relieving holders who are now reassured that the high-time frame trend remains intact.
(WIFUSDT)
Overhead, the 20DMA forms the main target for bulls. Successful reclamation of this level represents a well-defended accumulation period and potentially provides the launchpad for a rally up to the distribution zone.
Yet, there is a long way to go to make this a reality, and such a move is unlikely to occur unless Today’s FOMC decision surprises markets with hawkish tones.
The 200DMA represents a further stumbling block, especially now that it’s in a descendant trajectory following the death cross on December 30 (which would’ve been a great signal to short, by the way!).
A further look at DogWifHat’s key momentum indicator, the RSI, adds weight to the idea of a push to the 20DMA – with a current reading at 40 revealing plenty of upside capacity and undervaluation at these levels.
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Don’t sleep 📲 https://t.co/he5kzra7TY pic.twitter.com/uoYRADyIQO
— Best Wallet (@BestWalletHQ) January 29, 2025
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EXPLORE: 15 New & Upcoming Coinbase Listings to Watch in 2025
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