FLOKI Meme Coin Could Face Double-Digit Decline as Key Resistance Holds: dogwifhat (WIF) Ready to Spike 30%
FLOKI and dogwifhat (WIF) have been spiking for the past two days, with both printing double-digit rallies. However, FLOKI’s price spike could be cut short by a key resistance level that the price has failed to close above. Meanwhile, a WIF looks ready to continue the spike. Let’s look at them in more detail.
What you'll learn 👉
FLOKI Faces Make or Break Resistance Following 40% Spike
The price of FLOKI has spiked by 40% in the last two days, but it has now reached a key resistance level at around $0.0003. The last time FLOKI reached this resistance, it was unable to break it, and the price then dipped by over 60%, dropping from $0.0003 to $0.00011.
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Show more +Now that the price has reached that point again and could not break it, there is a risk of another major decline. If this resistance continues to hold, the price could see a similar downward move, erasing a significant portion of the recent gains.
dogwifhat (WIF) Ready for Continued Bullish Rally
dogwifhat (WIF) is also poised to continue the bullish rally it started two days ago, following a breakout from a key resistance level on Tuesday. The price broke out from around $3.5 and could spike by more than 30% to reach $4.8, with the only key resistance in sight being at $4.2.
The decisive move above the $3.5 level has opened the door for further upside momentum, and the lack of significant obstacles until $4.2 suggests that WIF could maintain its bullish trajectory in the near term.
While FLOKI faces a crucial test at the $0.0003 resistance level, WIF appears to have cleared a significant hurdle, setting the stage for a potential 30% rally in the coming days or weeks
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