Dogwifhat (WIF) Price Shows Bullish Signs, Aims for 46.5% Gain

Dogwifhat (WIF) is showing signs of life after weeks of consolidation, with its price currently trading around $0.86. The daily chart indicates a crucial price structure forming, which could lead to a major breakout or a harsh rejection. The recent green Heikin Ashi candles suggest a slow and steady shift in sentiment from bearish to bullish, with higher lows forming over the last five trading days, indicating accumulation.

The Pivot Point on the chart sits around $0.857, which WIF price has reclaimed. Holding above this pivot indicates that bulls are gaining control. The next upside resistance sits firmly at $0.99–$1.02—a zone that rejected WIF previously in mid-May. If WIF price 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 also broke above its moving average, signaling bullish divergence. Earlier, the RSI dipped into the oversold territory around mid-June when WIF price hit a bottom near $0.50, suggesting that dip buyers entered aggressively.

If WIF price 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 WIF price fails to hold the $0.85–$0.86 zone, the key support lies around $0.72 and $0.58 based on the visible pivot support (S1 and S2). A breakdown below $0.58 could trigger panic selling toward $0.40.

WIF price is at a make-or-break level. With RSI turning bullish, price reclaiming the pivot, and candles showing upside momentum, the odds favor a short-term breakout. Traders should watch the $0.99–$1.02 level closely—any breakout with volume above this range could kickstart a mini altseason for memecoins. However, if WIF price 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're holding WIF or planning to enter, now is the time 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 target for July 2025 in a bullish scenario is $1.27–$1.42, while the target in a bearish scenario is $0.58–$0.40.