After a brief consolidation, dogwifhat (WIF) has bounced back and is now testing its local highs. Technical indicators suggest the memecoin could be poised for another move up toward $1.26, representing a potential 9% gain. However, traders should remain cautious — the market is flashing a few important warning signs.
WIF Gains Momentum, But Faces Resistance
WIF has returned to the top of its 10-day trading range, fluctuating between $0.93 and $1.21. It’s currently hovering just below the critical resistance zone around $1.18, a historically significant level tied to a sharp sell-off in late January.
If the price breaks above this level and converts it into support, it could serve as a buy signal and kick off a fresh bullish wave. For now, the short-term outlook remains optimistic — but only if this breakout is confirmed.
Volume Rising, But No Breakout Yet
The OBV (On-Balance Volume) indicator has been climbing in recent days but hasn’t surpassed previous highs, suggesting that investors remain cautious. While trading volume has picked up slightly over the past 24 hours, it’s not yet enough to trigger a strong breakout.
Analysts warn that until WIF firmly breaks above $1.21, a pullback remains on the table.
Liquidity Cluster Could Pull Price Higher
Liquidation heatmaps show that a large cluster of liquidity exists between $1.20 and $1.26. These open positions act as a price magnet, meaning WIF is likely to gravitate toward this area in the short term.
If WIF manages to break through $1.26, a successful retest of that zone as support could unlock more upside potential.
Summary: What Comes Next?
🔹 In the short term, WIF could rally up to 9%, reaching the $1.26 zone
🔹 The key trigger is a break and hold above the $1.18–$1.21 resistance
🔹 Liquidity buildup above current levels suggests bullish pressure
🔹 Volume remains modest — a breakout isn’t confirmed yet
#WIF , #dogwifhat , #memecoin , #CryptoAnalysis , #CryptoPredictions
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