Dogwifhat (WIF) price is on the verge of a potential breakout, with price action suggesting it could surpass the $3 mark. Today, WIF’s price has increased by 13%, making it one of the best-performing cryptos in the last 24 hours.

As traders closely monitor its movements, indicators hint at a sustained upward trajectory. This analysis explores the technical patterns supporting this bullish outlook and the key levels to watch.

Dogwifhat Volume Rises with the Price

At press time, WIF’s price stands at $2.68. Beyond its price increase, the meme coin has seen a notable surge in volume. According to Santiment, Dogwifhat’s trading volume has reached $719.31 million in the last 24 hours, signaling rising interest in the token as it continues its two-week comeback.

Typically, a rising price with falling volume is seen as a bearish signal, as it suggests weak liquidity behind the trend. However, WIF’s increasing price, coupled with its rising volume, strengthens its current uptrend. For the rally to continue, trading volume needs to keep climbing. If this momentum holds, WIF could push toward $3 or beyond.

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Furthermore, the Weighted Sentiment around WIF, which was previously in the negative zone, has jumped to positive territory. Weighted Sentiment shows the level of positive or negative remarks about a cryptocurrency online.

When the reading rises, it indicates that there are more positive comments on social media than negative ones. Conversely, a negative rating suggests the opposite. With WIF’s Weighted Sentiment currently positive, this implies that demand for the token could increase, potentially driving the price higher.

WIF Price Prediction: $3 and More to Come

Based on the daily chart, WIF’s price is trading well above the Ichimoku Cloud. The Ichimoku Cloud is a collection of indicators that shows support, resistance, and spot trends. However, the cloud is the most important part of all the indicators.

Typically, when the price is below the cloud, the trend is bearish. However, at press time, the cloud is below WIF’s price, suggesting a bullish trend for the meme coin. Should this remain the same, the meme coin’s value could rise above the $2.82 resistance, possibly climbing to $3.22 in the short term. 

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However, WIF’s price might retrace if it fails to breach the overhead resistance. In that scenario, the meme coin could drop to $2.30.

Artificial Superintelligence Alliance (FET) has been on a downward trend since September 25, losing 9% of its value. While the dip might appeal to investors seeking buying opportunities, the token’s technical setup indicates a potential further decline of up to 50%.

This analysis highlights what investors looking to trade against the market need to take note of. 

Artificial Superintelligence Alliance Is Undervalued, But There Is a Catch

An assessment of FET’s market value to realized value (MVRV) ratio, which measures the overall profitability of all its holders, shows that it has turned negative. As of this writing, the token’s 7-day and 30-day MVRV ratios are -51.03 and -10.81, respectively. 

When an asset’s MVRV ratio is negative, it trades at a value below the average price at which most investors acquired the asset. As such, if all its holders sold their tokens at the current market price, they would collectively realize a loss. 

Further, it also indicates that the asset is undervalued, presenting a buying opportunity for traders looking to buy low and sell high. Historically, a negative MVRV signals that the asset is traded below its historical acquisition cost and may be due for a rebound.

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However, while readings from FET’s MVRV ratio flash a buying opportunity, traders who heed the signal may record losses as its technical setup hints at the possibility of an extended decline.  

FET’s moving average convergence/divergence (MACD) indicator, assessed on a one-day chart, signals a strengthening selling pressure. As of this writing, the indicator’s MACD line (blue) is below its signal line (orange) and poised to breach its zero line. 

The MACD line crossing below the signal line suggests the current downward price movement is gaining momentum. It implies that there is increasing selling pressure in the market.

FET Price Prediction: Downtrend Is Strong

FET’s Aroon Down Line, which measures the strength of its downtrend, confirms that its price decline is gaining momentum. As of this writing, this stands at 71.43%. 

A reading near 100% for the Aroon Down line suggests that the price has been making consistent lower highs and is in a strong downtrend. If this downtrend continues,  FET’s price may fall by 53% to trade at its August 5 low of $0.70.

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However, if it sees a spike in buying volume, FET’s price may witness a rebound and rally toward $2.42.

Celestia (TIA) has surged by 21% over the past four days, sparking interest in the sustainability of this upward trend. While the rise is promising, shifts in key indicators raise questions about its strength.

TIA is gaining momentum without entering overbought territory, indicating room for further growth. Additionally, the EMA lines currently show a neutral stance. As market conditions evolve, keeping a close eye on these indicators will be essential to determine if TIA can maintain its recent gains.

TIA ADX Raises an Important Question About the Current Uptrend

Although the TIA price has risen 21% in the last four days, it’s important to check the current trend. The Average Directional Index (ADX) for TIA is currently at 21.33, down from 40.81 just three days ago. This decline suggests that the strength of the current trend is weakening, indicating that the upward momentum may not be as strong as it appears.

ADX readings above 25 typically indicate a strong trend, while values below 20 signal a weak trend. The ADX measures the strength of a trend regardless of its direction, with thresholds of 0-25 indicating a weak trend, 25-50 indicating a strong trend, and above 50 signaling an extremely strong trend.

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Given that TIA is presently in an uptrend, the recent drop in ADX raises concerns about potential instability. As such, it’s crucial to continuously monitor the ADX to assess whether this upward momentum can be sustained and if the price will keep growing.

With the ADX at 21.33, it’s positioned on the cusp of a weak trend, highlighting the importance of vigilance in observing how market conditions evolve in the coming days. This will help determine if TIA can maintain its recent gains or if a pullback is imminent.

Celestia RSI Is Far From Overbought State

TIA’s Relative Strength Index (RSI) is currently at 56.89, rising from roughly 31 just three days ago. This significant increase matters because it suggests a shift in momentum. That indicates that TIA price is gaining strength after a period of relative weakness.

The RSI is a momentum oscillator that measures the speed and change of price movements, ranging from 0 to 100. An RSI below 30 generally indicates an oversold asset, while an RSI above 70 suggests it’s overbought.

TIA’s current RSI of 56.89 comfortably stays below the overbought threshold. That implies that there is potential for further price growth. Monitoring the RSI closely will provide insights into whether TIA can sustain this positive trend without entering an overbought condition.

TIA Price Prediction: A Potential 26% Rise Next?

TIA’s Exponential Moving Average (EMA) lines are currently looking neutral, with short-term lines on the rise and nearing a crossover above the long-term lines. This indicates that recent price action is becoming more bullish, suggesting a potential shift in momentum.

If the short-term EMA lines cross above the long-term lines, they will form a “golden cross,” a pattern often linked to the start of a strong uptrend. This signals that recent prices are gaining momentum relative to the longer-term trend, which can boost investor confidence.

EMA lines, unlike simple moving averages, give more weight to recent prices, making them more responsive to new information. This responsiveness can provide early signals of trend changes, making the golden cross an important indicator for potential price growth.

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If TIA does indeed experience an uptrend following a golden cross, the next resistance levels to watch will be at $6.49 and $6.60. If those levels are broken, TIA could potentially rise even further to test $6.89, indicating a possible 26% growth from current levels.

Conversely, if the anticipated uptrend does not materialize and a downtrend occurs instead, TIA’s price could test $5.19 as a support level. Should this support fail to hold, the price could decline further to around $4.49, representing a potential 18% drop.