Dogwifhat (WIF) has drawn significant attention after gaining over 180% in the last 30 days. The memecoin recently broke above $1.20 for the first time since January, triggering excitement across the crypto community. The breakout followed a technical move past the upper trendline of a symmetrical triangle, signaling strong bullish momentum.
On Saturday, WIF surged past its 100-day Exponential Moving Average (EMA) at $0.76, gaining 26% in a single day. It also closed above a critical resistance level at $0.79. By Monday, the price had risen 36% further, trading around $1.24. This price action has renewed interest in Dogwifhat price prediction, as traders anticipate whether the rally can extend further.
Is More Upside Possible?
If momentum continues, WIF could push toward its next major resistance level at $1.44. However, technical indicators show signs of overheating. The Relative Strength Index (RSI) on the daily chart is well above 70, indicating overbought conditions.
Traders should watch for two possible scenarios:
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A short-term pullback toward the $1.00 support level
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Continued rally if RSI remains elevated, as often happens during strong uptrends
On-Chain Signals Remain Bullish
Glassnode data shows WIF’s realized price currently sits at $1.30 — below its market price of $1.24. While this suggests the memecoin is still undervalued compared to its recent averages, it also signals increased accumulation at lower levels. Historically, WIF has peaked when the price moves significantly above its realized price.
Also Read: Simon's Cat Price Prediction 2025-2030
Rising Volume Adds Strength
Trading volume, as shown by Santiment, has jumped from under $500 million to nearly $1 billion. This spike supports the ongoing rally and suggests sustained interest.
With bullish technicals and rising on-chain momentum, WIF remains one of the top memecoins to watch — but traders should stay cautious of potential volatility.
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