Dogwifhat (WIFUSD) price slipped in its last intraday trading, in attempt to catch its breath and gain some positive momentum that might assist it to regain its bullish strength, this limited decline comes with a correctional move within a bullish channel on the short-term basis, indicating that the current decline might not threaten the main bullish track directly.

The price takes advantage of its dynamic support that comes from its stability above EMA50, which represents a significant technical leaning point that reinforces the chances of bouncing higher. The continuation of this support might open the way for targeting new resistance levels in the upcoming trading, if the bullish channel lines remain intact.

Therefore, our expectations suggest a rise in (WIFUSD) price in its upcoming intraday trading, especially when it settles above the resistance of $1.0771, to target its next resistance level at 1.1930.

The expected trend for the upcoming trading: Bullish