➡️The price of Dogwifhat (WIF), a Solana-based memecoin project, surged by 16% in one day, reaching a high of $2.34 on July 1. This impressive gain follows a 60% climb from its $1.47 lows just a week ago.
➡️The outlook for WIF in July remains bullish, driven by the emergence of a rare bullish reversal technical pattern known as the Bump-and-Run-Reversal (BARR) bottom pattern
Price has rebounded from a support area, signaling a possible upward movement 🧐 A long position could be considered near the support area of $5.80-$6.15 🔺
The resistance zone is identified as $8.30-$8.50, which could serve as a potential target for profit-taking 🎯