Dogwifhat (WIF) surges 140% in 90 days, mimics SEI's breakout pattern

Dogwifhat (WIF), a Solana-based memecoin, has been making waves in the cryptocurrency market, particularly after its impressive performance in the second quarter of 2025. The coin has seen a remarkable +140% gain over the past 90 days, outpacing many of its peers. This surge has caught the attention of traders who are now closely monitoring WIF's technical patterns, which bear a striking resemblance to those of SEI, another cryptocurrency that recently experienced a significant rally.

SEI's pre-breakout setup is particularly noteworthy. The coin was consolidating within a falling wedge, a classic bullish reversal pattern. Once SEI broke above this wedge and surpassed its 50-day moving average, it embarked on a powerful upward trajectory, gaining 76% in just a few days. WIF is currently following a similar path, having already broken out of its own falling wedge and testing the 50-day moving average. This zone is crucial as it could determine whether WIF continues its upward momentum or faces a potential pullback.

If WIF manages to close a daily candle above its 50-day moving average, it could confirm the breakout and potentially pave the way for a rally toward the $1.39+ zone. This would imply a potential 56% move from current levels, according to the analyst's forecast. However, traders are advised to exercise caution. If WIF fails to reclaim and hold above the 50-day moving average, it could experience a pullback toward the breakout trendline before any renewed upside attempt.

This emerging fractal pattern in WIF's price action suggests that the coin has the potential to rise higher, mirroring the successful breakout of SEI. However, as with any investment, it is essential to conduct thorough research and consider all potential outcomes before making any decisions. The cryptocurrency market is known for its volatility, and while WIF's current technical setup is promising, it is not a guarantee of future performance.