- Dogwifhat (WIF) Eyes Key Levels After Major Rebound: After plunging over 92% from its 2024 high, WIF has surged 190% in the past month, reclaiming the $1.00 level and now trading around $1.14.
- Analysts Target $1.50 as Next Major Resistance: Analysts like Coinvo and Carl Runefelt see WIF targeting $1.50 if it can hold above $1.00, with potential resistance points at $1.15, $1.26, and $1.37 along the way.
- Technical Structures Support Bullish Case: Rose Premium highlighted a bullish structure forming in the $0.95-$0.98 range, while The Cryptonomist pointed to a falling wedge breakout that could propel WIF toward $1.49.
Dogwifhat (WIF) is back in the spotlight, eyeing a move toward $1.50 as it tries to extend its recent rally. The Solana memecoin has seen a massive surge over the past month, but the question now is – can it hold above the $1.00 level and push higher?
WIF Reclaims $1.00 – What’s Next?
After tanking over 92% from its 2024 high of $4.19, WIF found itself scraping the bottom at $0.32 just a month ago. But since then, it’s staged a comeback, climbing 190% to reclaim the $1.00 level on Monday. That’s a big bounce – and it’s got some analysts feeling bullish.
This week, WIF’s been bouncing around in the $1.00 to $1.20 range after hitting a three-month high of $1.32 a few days ago. It even retested that $1.00 level as support after dipping to $0.95 on Thursday.
Rose Premium, a market watcher, shared a technical analysis pointing to a bullish structure forming in the $0.95 to $0.98 range – what they’re calling the “Fibo Zone.” If WIF can hold that zone as support, Rose sees a path to $1.15, then $1.26, and finally $1.37.
Breakout to $1.50?
Meanwhile, other analysts are even more bullish. Trader Coinvo says WIF’s classic “break and re-test” pattern is setting up a parabolic move that could shoot the memecoin to $1.50. That’s the key level that acted as a major bounce area during 2024’s retraces.
Carl Runefelt from The Moon Show agrees, calling WIF “potentially ready” for another leg up. According to his analysis, WIF’s been moving in a symmetrical triangle pattern, with the price breaking out above $1.05.
The Cryptonomist also weighed in, pointing to a falling wedge pattern that WIF just broke out of after reclaiming $1.03. They see $1.49 as the next big resistance level if the current breakout holds.
What’s Next for Dogwifhat?
For now, WIF is trading around $1.14, up 1.8% on the day. The memecoin’s showing signs of life, but it’s not out of the woods yet. If it can hold that $1.00 support and push toward $1.15, the $1.50 target becomes a lot more realistic. But if sellers step in and drag it back below $1.00, it could be a whole different story.
