Dogwifhat ($WIF ), the popular Solana-based memecoin, has seen a sharp 80% surge this past week, pushing back above the critical $1.00 psychological level — a move that's reigniting bullish sentiment and sparking speculation about a potential run to $1.80.
Key Takeaways:
Recent Rally: WIF is up over 190% in the past month, reclaiming the $1.00 mark after bottoming at $0.32 in April.
Current Price Action: WIF hit a three-month high of $1.32 this week and is now consolidating between $1.00 and $1.20.
Support Level: The $0.95–$0.98 Fibonacci zone is acting as strong support.
Technical Setup: Analysts highlight a breakout from a symmetrical triangle, with bullish momentum suggesting a target of $1.80 if the pattern plays out fully.
What’s Next?
If WIF maintains support above $1.00 and builds momentum through minor resistances at $1.15, $1.26, and $1.37, reaching $1.80 is technically possible — especially if broader market sentiment remains risk-on.
However, given WIF’s memecoin status and past volatility (notably the 92% drawdown from its $4.19 high), caution is warranted. Volume, sentiment shifts, and macro crypto market trends will remain key factors.
