- Wif could quickly return because the TD sequential indicator presents a purchase signal.
- The recent increase in whale index suggested that whales are starting to collect WIF.
The Cryptocurrency market, with its inherent volatility, often offers opportunities for traders who understand the underlying technical indicators.
Recently, Dogwifhat [WIF] Has had important signals that indicate a potential price rebound.
Drawing Momentum Shifting for WIF
Analysis of the 1 -hour graph shows a dip in the price of WIF, followed by a light recovery.
This price promotion shows that it is actively testing its support levels, whereby the RSI indicates a sold -over condition at 14.
Source: Coinglass
Such conditions are often preceded by price rebounds. Moreover, the MACD shows a bullish crossover, which is a classic sign of a potential upward trend.
The over -sold state of the RSI and the MACD crosover suggest that WIF may be ready for a price rebound, in accordance with the wider Bullish sentiment.
TD sequential’s buy indicator
The TD sequential indicator on the 12-hour chart has a purchase signal for WIF flashed, a remarkable development. The TD sequence is known for identifying exhausting points in a trend.
Source: X
A purchase signal in a longer period of time, such as the 12-hour graph, is particularly important because it indicates that the downward trend can approach the end. This fits in well with the price promotion analysis that suggests a shift in Momentum.
This is a clear indication of a potential rebound, which strengthens the expectation that $ WIF can soon experience an upward movement.
Positive shifts in the purchasing pressure
Further analysis shows that the financing figure for WIF is somewhat negative, indicating that shorts pay longs. This suggests that the market sentiment tends to expect a price increase as traders balance positions.
In addition, the Bid-Ak-Delta shows positive peaks, which indicates increased purchasing pressure. This purchasing pressure, in combination with the negative financing percentage, means that the market is preparing for a possible price increase.
These signals jointly suggest that Wif could prepare for a rebound.
Are large holders positioning for an increase?
The whale index for WIF reveals that large holders (whales) show signs of accumulation.
The recent increase in whale index suggests that whales are starting to accumulate WIF, a behavior that often precedes the price increases.
This pattern reflects earlier price promotion, in which the price is restored from a low point.
Whale activity supports the idea that these large investors expect a price bound that could push the price of WIF higher in the short term.
The analysis of the recent technical indicators of WIF is a strong case for a potential rebound. In addition, Marktson’s, as indicated by the financing percentage and bid-axle delta, points to a price increase.
Whale activity is in line with these expectations, while large holders collect WIF pending a price rebound.
