The recent performance of Dogwifhat ($WIF ), which is currently trading around $0.74 after a 16% rally the previous week. Look onchain data indicates that a wallet named "Ansem" spent $2.3 million USDC to buy 2.97 million WIF tokens, supporting a bullish outlook.

The technical analysis shows a bullish divergence on the Relative Strength Index (RSI) indicator, suggesting a potential bullish reversal. The MACD indicator also showed a bullish crossover last week, giving a buy signal and indicating an upward trend. Additionally, Dogwifhat's price broke above the descending trendline, which contributed to a 21% increase over the weekend. If $WIF continues its upward momentum, it could retest the $1 level, marking a 35% increase from current levels.

Happy Trading 😊

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