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The crypto market has continued its highly volatile course in recent weeks with increasing uncertainties and macroeconomic developments. In particular, the interest rate decisions of the US Federal Reserve (Fed) have reduced investors’ risk appetite and caused withdrawals in the general market. While major cryptocurrencies such as Bitcoin and Ethereum struggle at important support levels, altcoins continue to fluctuate. Considering that developments in the global market put pressure on crypto, paying attention to resistance and support levels during this period plays an important role in short and medium-term strategies. So what is the latest situation in Dogwifhat (WIF), one of the popular memecoins of recent times?
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WIF Technical Analysis
WIF has continued to attract the attention of investors in recent weeks, and it is observed that the price is stuck at certain support and resistance levels. When we look at the price movements of WIF, we can say that the 2.3 USDT level is a critical support. Falling below this level could lead to an acceleration of the downtrend and a test of the 2.2 USDT level. However, if buyers increase their strength, the first resistance level is 2.4 USDT. A permanent move above this level could lead to a test of the 2.5 USDT level.
The upcoming US elections and the widening gap between Kamala Harris and Donald Trump according to bets are also positive developments for the cryptocurrency sector.
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