Dogwifhat (WIF) Surges 50% in a Week—Can It Break $1.50?
Meme coin madness strikes again as WIF defies gravity with a 50% weekly pump. Traders are now eyeing the $1.50 threshold—here’s what could make or break the rally.
Key Levels to Watch: The $1.20 support held strong during last week’s pullback, but liquidity above $1.50 looks thin. A rejection there could send degens scrambling for exits.
Why It Matters: WIF’s volatility is outperforming even some leveraged ETFs—because nothing says ’sound investment’ like a dog-themed token with zero utility. Still, the charts don’t lie: this meme has momentum.
Bottom Line: Whether this is the start of a parabolic run or another ’buy the rumor, sell the news’ trap depends entirely on whether crypto’s gamblers keep feeling lucky. Watch the order books—and maybe keep a finger on the sell button.
Dogwifhat Reclaims $1.00
Over the past month, dogwifhat has seen a massive 190% surge, climbing back to the $1.00 barrier. The memecoin has been in a downtrend since hitting its Q4 2024 high of $4.19 in November, retracing over 92% in five months.
After the TRUMP memecoin and LIBRA token controversial launches, the sector faced market exhaustion, with most memecoins struggling during the Q1 2025 retraces. As a result, WIF lost the $1.00 mark for the first time in a year.
Amid last month’s pullbacks, dogwifhat hit a 14-month low of $0.32 before the crypto market recovery started, but jumped to the $0.60 support at the end of April. Since then, WIF has soared over 70%, reclaiming the key $1.00 resistance on Monday.
This week, the memecoin has hovered between the $1.00-$1.20 price range after hitting a three-month high of $1.32 four days ago. Additionally, it retested the recently reclaimed level as support after bouncing from the $0.95 level on Thursday.
Market watcher ROSE Premium shared a technical outlook for the cryptocurrency, noting a bullish structure after its recent performance. The trader explained that dogwifhat shows “a classic bullish structure after rebounding from the Fibo Zone,” between the $0.95-$0.98 range.
Based on this, WIF’s trend continuation is likely if the memecoin holds the $1.00 level as support. This could propel the token toward an initial target of $1.15, before reclaiming the $1.26 level and finally reclaiming the $1.37 mark.
WIF Breakout Eyes $1.50
Trader Coinvo suggested that WIF’s “classic break and re-test pattern” is “guaranteed” to send the memecoin’s price in a parabolic rally. Similarly, analyst Carl Runefelt from The Moon Show affirmed that dogwifhat is “potentially ready to continue its rally to new highs.”
Per the chart, WIF has been in a symmetrical triangle pattern over the past week, with price breaking out of the upper boundary after surging above the $1.05 level.
According to the formation, the cryptocurrency targets $1.50 if the breakout is confirmed. This level has been a crucial horizontal level, serving as a key bounce area during the 2024 retraces, and could propel dogwifhat to higher targets if reclaimed.
Meanwhile, analyst The Cryptonomist highlighted a falling wedge pattern in WIF’s lower timeframe chart. The memecoin broke out of the 3-day pattern after today’s bounce, breaking out of the upper boundary after reclaiming the $1.03 mark.
The analyst stated that WIF could target the $1.49 resistance area if it holds its current levels and the entire market “goes for another leg up from here.”
As of this writing, dogwifhat trades at $0.14, a 1.8% increase in the daily timeframe.
