Dogwifhat Price Nears Breakout at $1.00 Resistance

The memecoin market is experiencing renewed excitement, with the price of dogwifhat (WIF) showing signs of recovery after a period of consolidation. The daily chart indicates a critical price structure forming, which could lead to a significant breakout or a sharp rejection. The price of WIF is currently just below the psychological resistance level of $1.00. The recent green Heikin Ashi candles suggest a gradual shift in sentiment from bearish to bullish. Over the past five trading days, higher lows have been forming, indicating potential accumulation.

The pivot point on the chart is around $0.857, which the WIF price has reclaimed. Holding above this pivot point suggests that bulls are gaining control. The next resistance level is firmly set at $0.99–$1.02, a zone that previously rejected WIF in mid-May. If the price of dogwifhat breaks and holds above $1.00, Fibonacci extensions project the next possible leg to $1.27 (1.618 Fib) and $1.42 (2.0 Fib).

The Relative Strength Index (RSI) is currently at 51.10, moving above the neutral 50 mark for the first time in weeks. This shift confirms a momentum reversal. The RSI has also broken above its moving average, signaling bullish divergence. Earlier, the RSI dipped into oversold territory around mid-June when the price of dogwifhat hit a bottom near $0.50, suggesting aggressive buying during that dip.

If the price of dogwifhat breaks above $1.00, the next resistance at $1.27 would represent a 46.5% gain from the current price of $0.86. However, if the price fails to hold the $0.85–$0.86 zone, key support levels lie around $0.72 and $0.58 based on visible pivot support (S1 and S2). A breakdown below $0.58 could trigger panic selling toward $0.40.

The price of WIF is at a critical juncture. With the RSI turning bullish, the price reclaiming the pivot, and candles showing upside momentum, the odds favor a short-term breakout. Traders should closely monitor the $0.99–$1.02 level; any breakout with volume above this range could initiate a mini altseason for memecoins. However, if the price of dogwifhat fails to break resistance and drops below $0.72 again, bulls will lose control. For now, the base is solid, but the breakout confirmation is still pending.

If you are holding WIF or planning to enter, it is crucial to stay alert. The chart is flipping bullish, but confirmation is needed. A breakout above $1 could trigger explosive upside, while a breakdown may retest previous lows. The bullish scenario for July 2025 targets $1.27–$1.42, while the bearish scenario targets $0.58–$0.40.