Analyzing the price chart shows a solid upward trajectory from t

27 ต.ค.

On the daily chart, the mid-October dip may raise concerns for some investors. However, it's important to consider the broader market context; after a prolonged uptrend, minor corrections are typical and can present valuable entry opportunities for new investors.

With a robust market capitalization of $2.4 billion and a total supply of 998.85 million tokens, Dogwifhat's price closely correlates with its market cap, which is vital for assessing the token’s valuation and potential future movements.

Analyzing the price chart shows a solid upward trajectory from the order block, particularly since its low in August, characterized by a sequence of higher lows. Nevertheless, caution is warranted as the token approaches a critical high volume profile level (VP-$2.3119), where it may risk losing support.

Should the price drop below this volume profile, it could trigger a more significant decline, potentially around 36%, if it breaches further support levels.

Investors should weigh both long and short positions based on forthcoming market trends. A successful breakout for Dogwifhat could lead to potential gains of 50%, aiming for approximately $3.50.