Expert Says Dogwifhat Price Could Hit $3.15 If WIF Buyers Can Overcome This Critical Resistance
Highlights
- Analyst says Dogwifhat could rally by 186.36% if buyers overcome a major resistance at $1.5.
- The $1.5 critical resistance level marks the last sell wall that WIF should breach to reach $3.15.
- Daily futures trading volumes hit $1.68 billion.
Expert notes that Dogwifhat price eyes a 186.36% rally, targeting a multi-month high of $3.15 if buyers breach a critical sell wall at $1.5.
According to crypto analyst @CW, buyers must continue accumulating past the $1.5 resistance level and trigger a breakout rally towards the meme coin’s all-time high of $4.85. The bullish outlook is accompanied by a spectacular 18% price gain over the past 24 hours and approximately $1.68 billion in daily derivatives trading volume.
At press time, Dogwifhat’s price is trading at $1.148, with its market cap hovering around $1.14 billion to make it the 73rd largest cryptocurrency by market capitalization.
Dogwifhat Price Eyes $3.15 Multi-Month High, Says Expert
As per a Dogwifhat price assessment by @CW, WIF is primed for a potential 186.36% rally to a new annual high, a move that could activate a spike towards the all-time high at $4.85.
According to CW, buyers should build momentum and overcome a critical resistance level at $1.5 that was last tested on January 20, 2025 when the price of WIF dropped from its November high. If buyers successfully break above this critical threshold, CW believes there won’t be more sell walls to prevent a breakout rally to $3.15.
However, if the price of Dogwifhat breaks below the nearby psychological level at $1, the bullish outlook could be nullified and cause a price drop to $0.5613.
$1.68B Futures Trading Volume Could Provide the Much-Needed Push
Crypto derivatives data by Coinglass shows that future activity across Dogwifhat markets is intensifying, with a daily trading volume of $1.68 billion. The data shows the volumes increased by 3.1% daily, while open interest rose by $2.03% to reach $480 million.
Rising trading activity across derivatives suggests the presence of bullish momentum in the market, further reinforcing the bullish outlook shared by CW.
Final Take
In conclusion, WIF price has excellent potential to reclaim a previous high past the $3.15 mark, and if the CW’s Dogwifhat price forecast holds, little upward resistance could see the Solana-based meme coin revisit its all-time high.
Frequently Asked Questions (FAQs)
1. What is Dogwifhat’s critical resistance level?
2. Will Dogwifhat breach the critical resistance level?
3. What is Dogwifhat’s all-time high?
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