#CryptoComeback
Dogwifhat is back in the spotlight as traders start wondering if its latest bounce could lead to another massive move. The price is now sitting at $0.6418, up more than 15% over the past day. Trading volume has also jumped nearly 50%, which is catching the eye of those who remember WIF’s previous rallies.
On X, top analysts Erik and DaniB have shared different takes on what could come next. Erik focused on the daily chart and pointed out that WIF price just bounced off a key level known as the Smart Money (SM) reversal zone around $0.3175. He also highlighted how the price respected a green support box between $0.49 and $0.52, calling it a must-hold area if the bullish case is to play out.
Since that retest, WIF has been forming higher lows, a structure that often signals growing momentum. The next potential target? A previous Equal High (EQH) was around $0.7979. According to Erik’s chart, that’s the next major level to watch. Volume has also increased during the breakout, hinting that real buying pressure might be building. Still, if WIF price slips back below the green box, that setup could quickly fall apart.
