![dogwifhat [WIF] crosses $3.97 mark: Is $5 closer than ever?](https://i.headtopics.com/images/2024/5/30/cryptoamb/dogwifhat-wif-crosses-3-97-mark-is-5-closer-than-e-dogwifhat-wif-crosses-3-97-mark-is-5-closer-than-e-11832C80AD97703E2BE185BFF12FB7B0.webp)
The price of meme coin Dogwifhat [WIF] has broken above the upper line of the horizontal channel which it has trended within since...
has broken above the upper line of the horizontal channel which it has trended within since the 12th of April, signaling an uptick in buying pressure.
This happens when there is a relative balance between buying and selling pressures, preventing the price from trending strongly in either direction. Confirming the bullish trend, WIF’s Elder-Ray Index returned a positive value of 0.93 at the time of writing. This indicator measured the relationship between the strength of buyers and sellers in the market.Likewise, the dots that make up the meme coin’s Parabolic SAR indicator were pegged under its price.
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