DogwFhat gather to 3 weeks where buyers make a strong return star-news.press/wp

• DogwFhat increased 18.56 % to the highest level in three weeks at $ 0.9558, then recovered to $ 0.94 at the time of the press.
• WiFs are entering the accumulation of more than 72 million symbols over the past 48 hours.

DogwFhat (WIF) increased by 18.56 % to the highest local level of $ 0.9558 before restoring a little to $ 0.94 by the time of writing this report.

During the same period, Memecoin followed its example, by 159 % to $ 603.7 million at the time of the press, which reflects a strong activity on the series. However, is this the beginning of continuous gains or just a technical bounce?

Buyer

Before the last price recovery, the sellers had full control over the market, while selling the amount of the amount that is constantly excelling. But during the past day, energy dynamics in the market have turned dramatically.

At the time of the press, Coinlyze reported that Dogwifhat witnessed 9.44 million in purchase compared to 8.88 million sales, indicating a strong shift in market dynamics.

Likewise, the same style appeared in the previous day, with Memecoin 63 million in the purchase volume of 61 million in the sale volume.

As a result, the market recorded two consecutive days for a positive Delta of 2.3 million and 563 thousand, respectively.

Such a strong height in the purchase of pressure usually reflects the increasing demand with the flow of new capital to the market.

Do not leave the futures behind them

Noticeably, when we look at the derivative market, we see that these buyers rushed to the market to put themselves strategically, waiting for the next step.

According to Coinglass data, the open interest of Dogwifhat (OI) increased by 25.51 % to 441.49 million dollars, while the derivative volume increased by 88.9 % to $ 2.3 billion at the time of the press.

Historically, OI’s height, along with high prices, reflects a strong capital of capital as investors continue to shift the trend. Consequently, this site is amid the signals of the upward trend.

In fact, the validity of this difficulty in future contracts is verified by a positive financing rate, indicating that investors are often walking.

Applicants enter profit

With the high prices, as well as the appetite to make profit between the holders of investors and speculative investors. DogwFhat rose to the highest level in 3 weeks, creating a window to make profit for those underwater.

Thus, given the Netflow in Memecoin, investors are vigorously spent. As such, this scale rose, as a positive value for two consecutive days.

From writing these lines, Netflow amounted to $ 2.52 million, which reflects the massive sale activity in all market participants despite high prices.

Can WiFs keep these gains for $ 1 heart?

According to Ambrypto analysis, Dogwifhat has risen as buyers returned to the market amid the recovery of the wider encryption market.

As a result, at the time of the press, the Indian RAM index in Memecoin rose to 86 after making an upper intersection, indicating a strong upward momentum and its possibilities.

In the same line, tThe Relative Power Index (RSI) increased to 55, entered the ups and the growth of the buyer’s growing power.

With the accumulation of investors actively and building momentum, it appears that Dogwfhat (WIF) appears to be ready to make other gains.

If the purchase pressure continues, the WIF can complete the collapse, turn the resistance of $ 1.00 to support, and target $ 1.20.

However, the upper trend faces risk: achieving profit. If the sellers start to unload in large numbers, the bullish momentum may weaken, which leads to a possible decline towards the support level of $ 0.84.