Popular fresh meme coin – Dogwifhat
📊 CoinMarketCap Rank: #102
🐦 Twitter (X): 152K followers
💬 Telegram: 50K members
✅ Highly liquid meme coin – traded on many major exchanges, including Binance.
After the hype phase, the coin is now declining along with the overall crypto market—no exceptions. Essentially, it broke below multiple channel supports, and the price is now sitting at the support of the outer channel.
I also notice a non-textbook Head & Shoulders pattern, which suggests a potential -64% breakdown. The last squeeze happened around this level.
Currently, we are seeing consolidation with increased volume, along with high-wick price action in this zone.
I've marked potential downside support zones as well as upside resistance targets on the chart. Consider this in your trading strategy!
📊 CoinMarketCap Rank: #102
🐦 Twitter (X): 152K followers
💬 Telegram: 50K members
✅ Highly liquid meme coin – traded on many major exchanges, including Binance.
After the hype phase, the coin is now declining along with the overall crypto market—no exceptions. Essentially, it broke below multiple channel supports, and the price is now sitting at the support of the outer channel.
I also notice a non-textbook Head & Shoulders pattern, which suggests a potential -64% breakdown. The last squeeze happened around this level.
Currently, we are seeing consolidation with increased volume, along with high-wick price action in this zone.
I've marked potential downside support zones as well as upside resistance targets on the chart. Consider this in your trading strategy!
Telegram ✅ t.me/KECapital
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
Telegram ✅ t.me/KECapital
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.