Dogwifhat (WIF) Breaks Out Strong — Is the $1 Milestone Next?
- WIF breaks out of long-term downtrend with eyes on $1.30 next.
- Whale accumulation and bullish patterns back the uptrend narrative.
Dogwifhat (WIF) is heating up again, gaining traction after a sharp 40% rally this past week and currently trades at $0.67. The token is now trading around $0.67 with trading volume spiking to over $550 million — a clear sign that fresh interest is pouring in from retail and big-money players.
After weeks of consolidation and sharp rejections, the meme token flashes powerful reversal signals across multiple timeframes. A surge in trading volume, breakout patterns, and strength in key indicators now position WIF for a potential multi-leg rally that could stretch beyond the $1 mark.
WIF Breaks Out of Downtrend, Bulls Set Sights on Higher Targets
After months of sliding, WIF finally broke through a stubborn downward trendline—a move to which technical traders paid close attention. This breakout opens the door for a shift in momentum. WIF has surpassed its 50-day EMA around $0.506; and now pushes toward key support levels at $0.80, $1.30, and possibly $1.97.
Analysts at World Of Charts noted that this move “looks set for a 2× run,” signaling strong confidence in a continued climb. Combined with higher volume and increasing chatter across crypto circles, this setup has sparked hopes of a sustained upward trend.
Indicators Show Momentum Is Building Beneath the Surface
In past weeks, WIF’s price pulled back to $0.37 after initially being rejected at the $0.50 line. But technical indicators present a bullish run. Relative Strength Index at the peak of 96 suggest an overbought level, where possible price correction might happen before a further bullish rally begins.
Meanwhile, the Awesome Oscillator (AO) has started to flash green bars. While still in the red zone, this shift shows that selling pressure is easing. According to Fibonacci levels, if buyers hold the line, WIF could punch through the $0.50 area and head toward $0.75 and $1.27.
That said, if momentum fades and volume dries up, there’s a risk of a slide toward $0.30. But for now, bulls are in control, and the chart is leaning positive.
Whales Are Loading Up As Breakout Patterns Confirm the Shift
The chart isn’t the only thing turning heads. Whale wallets have started quietly loading up on WIF, with recent buys of $30K at $0.639 and another $150K around $0.55. When big wallets step in, it usually means something is brewing.
Chart-wise, WIF just broke through two important bullish patterns — an inverse head-and-shoulders and a falling wedge. Both suggest more room to run. Even better, the token moved above the Ichimoku cloud on the daily chart — a key signal many traders use to spot reversals.
According to Solberg Invest, price targets for this move land between $1.10 and $1.70, with a possible stretch goal of $2 if Solana meme coins keep their momentum.
With coins like Bonk and Fartcoin making headlines, WIF could ride that wave, too.
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Dogwifhat (WIF) Breaks Out Strong — Is the $1 Milestone Next?
- WIF breaks out of long-term downtrend with eyes on $1.30 next.
- Whale accumulation and bullish patterns back the uptrend narrative.
Dogwifhat (WIF) is heating up again, gaining traction after a sharp 40% rally this past week and currently trades at $0.67. The token is now trading around $0.67 with trading volume spiking to over $550 million — a clear sign that fresh interest is pouring in from retail and big-money players.
After weeks of consolidation and sharp rejections, the meme token flashes powerful reversal signals across multiple timeframes. A surge in trading volume, breakout patterns, and strength in key indicators now position WIF for a potential multi-leg rally that could stretch beyond the $1 mark.
WIF Breaks Out of Downtrend, Bulls Set Sights on Higher Targets
After months of sliding, WIF finally broke through a stubborn downward trendline—a move to which technical traders paid close attention. This breakout opens the door for a shift in momentum. WIF has surpassed its 50-day EMA around $0.506; and now pushes toward key support levels at $0.80, $1.30, and possibly $1.97.
Analysts at World Of Charts noted that this move “looks set for a 2× run,” signaling strong confidence in a continued climb. Combined with higher volume and increasing chatter across crypto circles, this setup has sparked hopes of a sustained upward trend.
Indicators Show Momentum Is Building Beneath the Surface
In past weeks, WIF’s price pulled back to $0.37 after initially being rejected at the $0.50 line. But technical indicators present a bullish run. Relative Strength Index at the peak of 96 suggest an overbought level, where possible price correction might happen before a further bullish rally begins.
Meanwhile, the Awesome Oscillator (AO) has started to flash green bars. While still in the red zone, this shift shows that selling pressure is easing. According to Fibonacci levels, if buyers hold the line, WIF could punch through the $0.50 area and head toward $0.75 and $1.27.
That said, if momentum fades and volume dries up, there’s a risk of a slide toward $0.30. But for now, bulls are in control, and the chart is leaning positive.
Whales Are Loading Up As Breakout Patterns Confirm the Shift
The chart isn’t the only thing turning heads. Whale wallets have started quietly loading up on WIF, with recent buys of $30K at $0.639 and another $150K around $0.55. When big wallets step in, it usually means something is brewing.
Chart-wise, WIF just broke through two important bullish patterns — an inverse head-and-shoulders and a falling wedge. Both suggest more room to run. Even better, the token moved above the Ichimoku cloud on the daily chart — a key signal many traders use to spot reversals.
According to Solberg Invest, price targets for this move land between $1.10 and $1.70, with a possible stretch goal of $2 if Solana meme coins keep their momentum.
With coins like Bonk and Fartcoin making headlines, WIF could ride that wave, too.
Highlighted Crypto News for Today
Atkins Promises Pro-Crypto Regulatory Shift In SEC’s Crypto Roundtable
Read More
Why ZKsync’s founder believes Ethereum’s real strength lies in staying neutral