Token : $WIF
Signal : Long (Long term)
Dogwifhat has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The currency is approacing resistance at 1.55 points, which may give a negative reaction. However, a break upwards through 1.55 points will be a positive signal. Positive volume balance strengthens the currency in the short term. RSI above 70 shows that the currency has strong positive momentum in the short term. Investors have steadily paid more to buy the currency, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
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USDT Dominance (USDT.D) is showing signs of weakness and may fall toward the 3.71% level—a move that carries a strong bullish implication for the broader crypto market. A decline in USDT.D indicates that capital is rotating out of stable coins and flowing back into risk-on assets like Bitcoin, Ethereum, and altcoins. This shift in sentiment suggests growing confidence among traders and investors, often preceding upward momentum in the market. For long traders, this is a promising signal—money is moving from the sidelines back into action, potentially fueling the next leg up. Keep an eye on USDT.D as it approaches key support, as continued downside could align with bullish price action across major crypto assets.
Trade setup :
Entry : 1.06
Target : 1.5
stop loss : 0.96
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