Dogwifhat Token at Crucial Juncture, Battles to Hold Above $0.75
Dogwifhat, the meme-inspired token, is at a crucial level. Trading at $0.77, it's up 6.16% in the last 24 hours, with a market cap of $768.7 million. It's attempting to hold above $0.75, a level that could dictate its trajectory into the final quarter of 2025.
Analyst Emijaop.Turbo notes that failure to maintain above $0.75 could expose the token to deeper retracements, potentially down to $0.44 or even $0.35. However, if buyers sustain their defense, this level could act as a springboard for another leg higher.
The token is facing resistance levels near $1.10 and $1.27, with a longer-term upside target around $4.60. To confirm accumulation at current price levels, daily volumes need to stay above $150 million. Technical indicators show tentative optimism, with the CMF at 0.06 and MACD readings indicating fading bearish momentum.
Dogwifhat's rebound from recent lows, reclaiming the $0.77 level, reflects a modest return of buying interest. Traders are now watching if momentum could carry the token back toward stronger resistance zones. The next few days will be crucial in determining the token's direction into the final quarter of 2025.
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