Dogwifhat, a popular memecoin, has been consolidating within a crucial technical region known as the Fibonacci golden zone, specifically between the 50% and 61.8% levels.
This region is often watched by traders as a potential area for price reversals or continuation. The next question for investors and enthusiasts is whether this consolidation could trigger a price move toward $4.90, a significant psychological level for the currency.
![Dogwifhat [WIF] Shows Stability Amid Market Declines with Potential for 60% Rally If Key Support Holds](https://loutre.blockchair.io/w4/storage/news/ctag.png){kind=small}
