After a spectacular breakout of 12% on Sunday, Dogwifhat (WIF) adjusted slightly by 1% on Monday, currently testing the important resistance level at $1.212 – the 50% Fibonacci level of the drop from the peak of $4.830 (11/13) to the bottom of $0.304 (04/09).

📈 Clear Bullish Signals From Technical and Derivatives Analysis

The Open Interest (OI) of WIF has reached its highest peak in 2025, according to data from Coinglass, soaring from $482.89 million on Sunday to $572.11 million in the latest trading session. This indicates a strong influx of capital into the derivatives market, reflecting increasing confidence from investors.

🧮 Technical Analysis: The Uptrend is Still Strong

  • The 200-day EMA ($1.066)has been breached and is now acting as new support.

    WIF has surpassed the psychological threshold of $1.00, an important signal for the bulls.

  • The $1.212 level is the next short-term barrier; if it closes above this level, it will be the highest price since 01/26/2025.

  • The next upward target is $1.679, corresponding to the 61.8% Fibonacci level.

⚙️ Bullish Momentum Further Reinforced Through Indicators:

  • MACD has crossed above the signal line and is above the 0 line – signaling that the bullish momentum is strengthening.

  • The green histogram continues to expand – confirming the upward momentum.

  • RSI (Relative Strength Index) reached 66, near the overbought zone, indicating that buying pressure is still dominating.

💡 Golden Signal From EMA: A Golden Cross May Occur

If the 50-day EMA crosses above the 100-day EMA, this could attract more capital flow from investors who are still on the sidelines. The "Golden Cross" scenario with the 50-day EMA and the 200-day EMA is also approaching – a very strong bullish signal in the medium and long term.

⚠️ Short-Term Risks?

If the price is rejected at the $1.212 range and cannot close above this level, a slight adjustment back to the 200-day EMA around $1.066 may occur. However, this level is currently strong support and could provide the next accumulation opportunity.

✅ Summary

Dogwifhat (WIF) is on a strong recovery path with solid supporting factors from technical analysis to derivatives data. Breaking through the $1.212 threshold will pave the way for a target of $1.679 in the coming days, while the support zone at $1.066 serves as a solid foundation for the ongoing upward trend.

📊 Short-term strategy: Monitor price reactions at $1.212 – If it breaks through, a position can be opened with a target of $1.679.

🔍 Medium-term strategy: Look to buy in the $1.07–$1.12 range if technical pullbacks occur.

📉 Short-term stop loss: Below $1.00 or breaking the 200-day EMA.