The price of leading meme coin dogwifhat [WIF] crossed above its 20-day small moving average on 3 May, and the token’s price...
crossed above its 20-day small moving average on the 3rd of May, and the token’s price has since risen by 20%.
The meme coin’s Fibonacci retracement assessed on a one-day chart revealed that if bullish sentiment persists, its next price point is $3.86. This CMF decline occurred during the same period when WIF’s price recorded a rally, thereby creating a bearish divergence.
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