🐶 Dogwifhat ($WIF ) shows a breakout signal:
90-day CVD strongly tilts towards the buying side → traders absorb all selling pressure.
Open Interest increases by +8.65% to 397.7M USD → the derivatives market is ready for a "stretching".
Daily chart forming a double bottom pattern, support at $0.87 – resistance at $1.29. Breaking this level = confirming a reversal, target >$1.40.
Net outflow from the exchange (-1.69M USD) → investors prefer to "hold" rather than sell.
➡️ In summary: The bulls are maintaining an active position, $WIF has a chance to break through $1.29 to embark on a new journey.
A fun article, not a buy/sell signal – if the price goes sideways, don't be sad, consider it WIF taking a lunch break 😅.
