According to an expert, Dogwifhat’s price is poised for a 186.36% increase, potentially reaching a multi-month high of $3.15, if buyers manage to break through the critical resistance level at $1.5.
The crypto analyst @CW believes that the price of Dogwifhat (WIF) could surge if buyers continue accumulating, pushing the price to a significant historical peak of $4.85. The bullish outlook is accompanied by an impressive 18% price increase in the last 24 hours, along with daily derivative trading volumes nearing $1.68 billion.
Dogwifhat Price Heading Towards a Multi-Month High of $3.15
As of the latest analysis from @CW, Dogwifhat (WIF) is set for a potential 186.36% rise, with the price eyeing a new yearly high. If this momentum continues, a surge towards the historical peak of $4.85 could follow.
According to @CW, buyers must focus on accumulating more positions and surpass the critical resistance level at $1.5, which was last tested on January 20, 2025. When WIF’s price dropped from its November high, breaking this key resistance would likely clear the way for a surge towards $3.15 without encountering further sell-off barriers.
However, if Dogwifhat’s price falls below the psychological level of $1, the bullish forecast could be negated, resulting in a drop to $0.5613.
Futures Trading Volume of $1.68 Billion Could Provide the Push Needed
Crypto derivatives data from Coinglass reveals that futures market activity for Dogwifhat is intensifying, with a daily trading volume of $1.68 billion. Data indicates that the trading volume has been increasing by 3.1% daily, while open interest has risen by 2.03% to $480 million.
The rising trading activity with derivatives suggests that bullish momentum is present on the market, further strengthening the optimistic outlook shared by @CW.
Final Thoughts
In conclusion, WIF has a promising potential for a return to its previous high above $3.15. If @CW’s price prediction holds true, minimal resistance on the upward move could lead the Solana-based meme coin back to its historic peak.
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