TronWeekly

Crypto World News

You are here: Home / Archives for Dogwifhat Price Analysis

Dogwifhat Price Analysis

Dogwifhat (WIF) Rockets 40% in One Week: Breakout Sets Stage for $1+ Targets

by

  • WIF jumped 40% over the past week, reaching $0.5363 as trading volume doubled to $430.7 million.
  • The token broke a long‑standing descending trendline and is now testing the 50‑period EMA at $0.506.
  • Analysts see the breakout as setting up a potential 2× move.

Dogwifhat (WIF) is capturing the spotlight in the cryptocurrency world, recording an impressive 40% price surge over the past week amid a broader altcoin rally. As meme coins gain renewed investor interest, WIF’s breakout performance underscores its growing appeal to traders seeking high-volatility, high-reward opportunities.

With its price climbing to $0.5363, coupled with a dramatic doubling of 24-hour trading volume to $430.7 million and a market capitalization of $535.8 million, WIF has firmly established itself among the top-performing tokens of the month.

WIF 7D graph coinmarketcap
Dogwifhat (WIF) Rockets 40% in One Week: Breakout Sets Stage for $1+ Targets 4

Dogwifhat Breakout Sets Stage for Potential 2x Move

From a technical analysis perspective, Dogwifhat has just cleared a long-standing descending trendline—an on-chart barrier that capped gains for weeks. Today’s near‑10% intraday rally validates that bullish momentum is building.

image 222

The immediate hurdle now is the 50-period exponential moving average, currently sitting near $0.506. A decisive close above this level could ignite a rapid advance and confirm a sustained shift from bearish structure to bullish dominance. If volume remains elevated and key resistance levels break, WIF eyeing upside zones at $0.80, $1.30, and potentially $1.97.

Moreover, chart experts at World Of Charts highlight that WIF’s successful breakout from the descending channel “looks primed for a 2× move,” setting the stage for a strong rally.

image 221 1

Several factors are contributing to Dogwifhat’s renewed momentum. First, the ongoing revival of the meme‑coin sector has driven capital into high‑beta assets as investors seek outsized returns. Second, WIF benefits from an active and engaged community, whose social media buzz and grassroots initiatives continue to fuel buying pressure.

Finally, the technical breakout itself often attracts momentum traders, creating a self‑reinforcing cycle of demand as more participants jump on board.

For those tracking the next big move in meme cryptocurrencies, Dogwifhat’s recent price action and technical strength make it a token to watch. As WIF navigates its immediate resistance levels, the coming days will be crucial in determining whether this meme coin can sustain its rally and reach its loftier price objectives.

Read More: Bitcoin Hits $94K as BTCBULL Token Nears $5M: New Crypto Bull Run?

Whale Activity Sparks Dogwifhat (WIF) Market Turmoil Amid Broader Crypto Sell-Off

by

  • Dogwifhat (WIF) drops to $0.70 , the token enters oversold territory after failing to hold $0.80, marking a 12% decline in 24 hours.
  • A dormant wallet shifts 6.5M WIF, while a fresh whale accumulates 9.48M WIF, hinting at market shifts.
  • Trump’s tariffs and declining trading volume put additional pressure on WIF’s price action.
  • Key support in focus, traders watch $0.70 closely, weighing chances of a rebound or further downside.

The Dogwifhat (WIF) market has been shaken by sudden whale movements, fueling speculation about its future trajectory. As the broader crypto market experiences a downturn, WIF has seen a steep decline, testing critical support levels.

Dogwifhat Dormant Wallet Awakens, Fresh Whale Accumulation

On-chain data from Lookonchain revealed that a wallet inactive for two years recently moved 6.5 million WIF, valued at $5.21 million, from Binance. This unexpected transaction immediately caught the attention of traders, as large transfers often indicate significant market shifts.

Shortly after, Spot On Chain reported another whale accumulation. A fresh wallet, identified as “4FhF5,” withdrew 9.48 million WIF (approximately $7.17 million) from Binance. This move suggests strategic accumulation despite the current bearish market sentiment.

Following these whale transactions, Dogwifhat entered oversold territory, plunging to $0.70 after failing to hold the crucial $0.80 support level. The token has suffered a 12% decline in the last 24 hours, reflecting increased selling pressure.

According to Coinglass data, the downtrend is accompanied by a 9.29% decrease in trading volume, now at $977.56 million, and a 12.02% drop in open interest, currently standing at $194.29 million. This sharp decline mirrors the overall market sell-off. On February 3, the total crypto market capitalization fell to $3.07 trillion, marking its lowest level since November 2024.

Trump’s Tariffs Add to Market Uncertainty

Adding to the market turmoil, U.S. President Donald Trump signed an executive order on February 1, imposing new tariffs that have sent shockwaves across global financial markets, including cryptocurrencies.

The key measures include 25% tariffs on imports from Canada and Mexico, 10% tariffs on Canadian energy and oil, and 10% tariffs on Chinese imports. In response, Mexico and Canada announced retaliatory tariffs, further increasing economic tensions.

Since the tariff announcement, WIF has lost 38.33% in the past seven days, making traders cautious about its next move. However, analysts are divided on the token’s outlook.

WIF at Crossroads: Key Support at $0.70 as Bulls & Bears Battle

Crypto analyst Valeriya outlined a potential recovery plan, suggesting that Dogwifhat is currently in a key buyer interest zone around $0.70. Her forecast includes a possible liquidation at $0.70, followed by a rebound toward $0.80, with a long-term target between $1.20 and $1.30.

image 63 2

On the other hand, ChainGPT AI Agent issued a bear alert, warning that Dogwifhat has dropped 33% this week, reaching its lowest price since February 2024. The analysis points to increased selling pressure, with traders closing positions. If the downtrend continues, WIF could drop to $0.55, but a potential bounce could push it back to $1.89.

With ongoing whale movements, macroeconomic uncertainties, and conflicting technical signals, traders remain on high alert. The question now is whether WIF can hold its $0.70 support level and stage a comeback or if further downside is inevitable. The coming days will be crucial in determining WIF’s next move, will the bulls regain control, or is the market preparing for another leg down?

Related | SEC Shifts Stance on Solana ETF—Approval Finally in Sight?