The price of Dogwifhat (WIF) could be ready for another bull rally, as noted by crypto analyst Ali.
Earlier today, the analyst posted on his X page that the TD Sequential indicator has shown a buy signal on the 4-hour chart. He is expecting the price to rebound to around $3.80.
The TD Sequential indicator presented a buy signal on the #Dogwifhat $WIF four-hour chart, anticipating a price rebound to $3.80! pic.twitter.com/5CMMtTdDM2
— Ali (@ali_charts) November 19, 2024
Looking at the 4-hour chart shows that Dogwifhat (WIF) could be ready for a rebound, as the last 5 4-hour candlesticks have shown signs of sideways trading followed by a bullish engulfing candlestick.
The price is currently going up and could be targeting the resistance at around $3.60. Breaking above this level would see the price rally to around $3.90, where the next resistance lies.
Read Also: Uniswap (UNI) Price Shows Bullish Potential After Recent Correction – Here’s the Outlook
Breaking that could set the price up for a bigger rally beyond the analyst’s target.
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