Dogwifhat Hits Record High: Potential Growth Vs Trading CautionDogwifhat enjoyed a stellar rise, hitting a record high. It currently trades at $2.35 above its nearest resistance level at $1.10 and second resistance at $1.37. This uptick signifies a strong bullish trend. MACD also confirms the "buy" position. Long-term investors could anticipate further growth assuming the momentum sustains.On the other hand, caution is a virtue in trading. Technical indicators suggest neutrality. The 10-day SMA at 1.49, although less than the current price, supports a "buy" position. However, the nearest support level resides at $0.37 which if broken, could lead to a downward spiral. Short-term fluctuations and market volatility require ongoing vigilance
