Dogwifhat (WIF) has seen gains of 22.43% over the last three months but recently declined by 5.53%. The Ichimoku Cloud reflects market indecision with price hovering near it, suggesting a neutral stance.
The EMA lines hint at a possible 'death cross,' indicating potential downtrends. However, the ADX remains below 20, suggesting the current downtrend is not strongly established, leaving room for price reversals.
In case of further decline, WIF may test support levels at $2.19 or drop 14% to $1.96. On the upside, it could reach resistance at $2.63 or $2.80 if momentum shifts.
