dogwifhat (WIFUSD) price held lower in its latest intraday trading, attempting to gain positive momentum that could help it recover and rise again, while also trying to ease its clear overbought conditions on the RSI, especially with negative signals starting to appear. The recent decline found support at the 50-day SMA, coinciding with a test of a short-term corrective ascending trendline.
Therefore, we expect the price to rise in the upcoming intraday trading, provided the support level of 0.81910 holds, targeting the key resistance level of 1.32370.
Todays price forecast: Bullish.