Indicator Flashes ‘Buy’ for Dogwifhat (WIF) Price: Here’s the Next Bullish Target

The price of Dogwifhat (WIF) could be ready for another bull rally, as noted by crypto analyst Ali.

Cryptocurrency prices are displaying mixed signals on Monday evening, as some assets continue to rally while others experience a decline.

Bitcoin (BTC) and Ethereum (ETH) are both showing signs of strength, up 1.5% and 1.2%, respectively, over the past 24 hours. BTC is trading at around $42,200, while ETH is changing hands for about $3,100.

Among the top performers are Aptos (APT), which surged 18%, and Decentraland (MANA), which enjoyed a 15% rally. Both assets are showing impressive gains over the past 24 hours.

On the other hand, some assets are experiencing a downturn. Filecoin (FIL) fell 7.5%, while Near Protocol (NEAR) declined 6.2% over the same period.

Total cryptocurrency market cap now stands at $2.01 trillion, showing a slight increase from yesterday.

Bitcoin price still showing strength, displaying a gain of 1.5% over the past 24 hours. BTC is currently trading at around $42,200.

The world’s largest cryptocurrency by market cap experienced a downturn over the past week, slipping 4.2%. However, BTC recovered some of its losses over the past 24 hours.

Looking at the 1-hour chart shows that Bitcoin (BTC) could be preparing for another bullish move, as the last 5 1-hour candlesticks show signs of sideways trading followed by a bullish engulfing candlestick.

The price is currently going up and could be targeting the resistance at around $42,400. Breaking above this level could see the price rally to around $42,700, where the next resistance lies.

Breaking that could set the price up for a bigger rally, possibly towards the psychological level of $43,000.

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