Date: Sat, July 19, 2025 | 05:45 AM GMT

The cryptocurrency market remains firmly bullish, with Ethereum (ETH) leading the surge — gaining 20% over the past week and now trading near $3,600. This momentum is spilling into the major memecoins, and Dogwifhat (WIF) is starting to show signs of another strong upward move.

WIF has climbed 8% in the last seven days, extending its 30-day gains to impressive 30%. But beyond the price gains, a key harmonic pattern emerging on the daily chart is hinting at the potential for significantly more upside.

Source: Coinmarketcap

Harmonic Pattern Suggests Upside Continuation

On the daily timeframe, $WIF is forming a Bearish ABCD harmonic pattern. Despite its name, this pattern often supports bullish continuation during the CD leg — the final upward phase — before encountering resistance at the completion zone.

The pattern started at point A near $0.3046 in April, rallied sharply to point B around $1.3916, and then retraced to point C at $0.6360 in late June. From there, WIF has steadily pushed higher, now trading near $1.05 as it works through the CD leg.

Dogwifhat (WIF) Daily Chart/Coinsprobe (Source: Tradingview)

According to harmonic projections, the 1.439 Fibonacci extension of the BC leg suggests a potential target near $1.7230. This level not only mirrors the AB leg’s move but also represents the Potential Reversal Zone (PRZ), where traders often expect profit-taking or a short-term pullback.

What’s Next for WIF?

If bullish momentum holds, WIF could rally another 62% from current levels before testing the $1.72 zone. Traders should monitor for signs of selling pressure at this resistance, but as long as WIF holds above its 200-day moving average ($0.8530), the structure remains supportive of further upside.

The broader bullish sentiment in crypto adds weight to the potential continuation of this rally, though caution is advised near the PRZ where reversals can occur.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.