Dogwifhat ($WIF ) Explodes 80% in a Week — Is $1.80 the Next Stop?
WIF bounces back as memecoin fever returns—analysts eye bullish continuation.
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The Comeback Pup:
Solana-based memecoin Dogwifhat (WIF) has surged 80% in the past 7 days, reclaiming the $1.00 psychological level after months of volatility. The token is now consolidating above this key support, sparking optimism among traders that $1.80 could be its next target.
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From Collapse to Comeback:
WIF collapsed 92% from its November 2024 high of $4.19, hitting a 14-month low of $0.32 in April.
Market recovery and revived risk appetite lifted WIF to $0.60 by late April, and now above $1.00 again.
Recent highs: $1.32 (3-month high), currently ranging between $1.00–$1.20.
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What the Charts Say:
Technical analysts are eyeing bullish formations:
Rose Premium highlights a rebound from the Fibonacci zone ($0.95–$0.98), forming a classic bullish structure.
Coinvo notes a break-and-retest pattern, often a precursor to aggressive continuation moves.
Carl Runefelt (The Moon) believes WIF is “potentially ready to rally to new highs.”
Pattern Watch:
WIF broke out of a symmetrical triangle, targeting a potential breakout move toward $1.80.
Key near-term resistance levels: $1.15, $1.26, and $1.37.
Holding above $1.00 is crucial to sustain momentum.
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Why $1.80 Matters:
This level acted as a strong support during the 2024 retraces. Reclaiming it could pave the way for aggressive upside toward $2.00+ in the coming weeks.
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TL;DR:
+80% gain in a week
Reclaims $1.00 support
$1.80 target if momentum holds
WIF is barking loud again—will it bite into new highs?