Dogwifhat (WIF) Targets $1.50 Amid 50% Weekly Jump | Crypto News
Amid its breakout, Solana memecoin Dogwifhat (WIF) eyes a reclaim of $1.50 and a continuation of its bullish rally. Some analysts recommend that new highs are sure to come if the token holds above a essential degree.
Dogwifhat Reclaims $1.00
Over the previous month, dogwifhat has seen a large 190% surge, climbing back to the $1.00 barrier. The memecoin has been in a downtrend since hitting its This autumn 2024 high of $4.19 in November, retracing over 92% in 5 months.
After the TRUMP memecoin and LIBRA token controversial launches, the sector confronted market exhaustion, with most memecoins struggling during the Q1 2025 retraces. As a outcome, WIF misplaced the $1.00 mark for the first time in a yr.
Amid final month’s pullbacks, dogwifhat hit a 14-month low of $0.32 before the crypto market restoration began, but jumped to the $0.60 help at the tip of April. Since then, WIF has soared over 70%, reclaiming the important thing $1.00 resistance on Monday.
This week, the memecoin has hovered between the $1.00-$1.20 price vary after hitting a three-month high of $1.32 4 days in the past. Additionally, it retested the lately reclaimed degree as help after bouncing from the $0.95 degree on Thursday.
Market watcher Rose Premium shared a technical outlook for the cryptocurrency, noting a bullish construction after its latest efficiency. The trader defined that dogwifhat reveals “a classic bullish structure after rebounding from the Fibo Zone,” between the $0.95-$0.98 vary.
Based on this, WIF’s pattern continuation is probably going if the memecoin holds the $1.00 degree as help. This might propel the token toward an initial goal of $1.15, before reclaiming the $1.26 degree and finally reclaiming the $1.37 mark.
WIF Breakout Eyes $1.50
Trader Coinvo steered that WIF’s “classic break and re-test pattern” is “guaranteed” to ship the memecoin’s price in a parabolic rally. Similarly, analyst Carl Runefelt from The Moon Show affirmed that dogwifhat is “potentially ready to continue its rally to new highs.”
Per the chart, WIF has been in a symmetrical triangle sample over the previous week, with price breaking out of the higher boundary after surging above the $1.05 degree.
According to the formation, the cryptocurrency targets $1.50 if the breakout is confirmed. This degree has been a essential horizontal degree, serving as a key bounce space during the 2024 retraces, and might propel dogwifhat to increased targets if reclaimed.
Meanwhile, analyst The Cryptonomist highlighted a falling wedge sample in WIF’s decrease timeframe chart. The memecoin broke out of the 3-day sample after at this time’s bounce, breaking out of the higher boundary after reclaiming the $1.03 mark.
The analyst acknowledged that WIF might goal the $1.49 resistance space if it holds its present ranges and your complete market “goes for another leg up from here.”
As of this writing, dogwifhat trades at $0.14, a 1.8% increase in the each day timeframe.
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