🔥 WIF Set for Double-Digit Surge—Open Interest at 2025 Peak! 🐕🚀

Dogwifhat falls after its 12% advance from Sunday reaches $1.212 barrier.

WIF Open Interest peaks annually, signaling higher derivatives capital inflows as confidence rises.

Technical indicators indicate continuing gains as bullish momentum prevails.

After rising 12% on Sunday, Dogwifhat (WIF) falls 1% on Monday. WIF's bullish surge breaks the 200-day EMA and seeks $1.212, a key resistance mark. Technical and derivatives indicators are optimistic as trend momentum strengthens and Open Interest approaches $600 million, an annual high.

Dogwifhat Open Interest rises amid optimism
Coinglass reports a new yearly high of $572.11 million for the WIF Open Interest (OI), up from $482.89 million on Sunday. As futures market capital inflows rise, OI usually rises with confidence.

In Dogwifhat, bulls strive for $1.679 after reclaiming $1 psychological threshold and bouncing 12% from 200-day EMA at $1.066. The upswing confronts resistance around $1.212, the 50% Fibonacci level from the $4.830 top on November 13 to the $0.304 low on April 9.

A decisive closing above this level would be the highest since January 26. Fibonacci numbers suggest that the 61.8% level at $1.679 may be immediate resistance.

Sidelined investors may purchase when the 50-day EMA crosses above the 100-day EMA because the short-term trend outpaces the medium-term. It raises the likelihood of a Golden Cross between the 50-day and 200-day EMAs.

Above the zero line, the MACD and signal line rise. From the same line, the rising green histogram indicates bullish momentum.

As purchasing pressure rises, the daily chart's RSI at 66 approaches the overbought border.

A reversal from $1.212 would be another bullish failure that might challenge the 200-day EMA around $1.066.


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