Dogwifhat returned to the spotlight as entrepreneurs began to wonder if its latest bounce could lead to another massive move. The price is now seated at $ 0.6418, up to 15% on the previous day. Trade volume also jumped by about 50%, in which the eyes of those who remembered past wif rallies.
In X, the leading analysts Erik and Daman share differently takes on what might be next. Erik focuses on the day -to -day chart and pointed out that the price of wif has only submitted to a basic level known as the Smart Money (SM) Reversal Zone around $ 0.3175. He also featured how the price of a green support box between $ 0.49 and $ 0.52, called it a must hold a place if the bullish case played.
Because of that retest, the wif generates higher lows, a structure that often indicates growing momentum. The next potential target? A past equal high (EQH) is around $ 0.7979. According to Erik's chart, that is the next basic level to watch. The volume is also increased in the breakout, indicating that the true pressure of the purchase may be developing. However, if the wif price returns under the green box, that setup can quickly separate.
The sentiment on the wif market reigns following the historic monthly pattern
A separate perspective was posted by Damibb, which referred to a historic monthly candle where the wif price moved from $ 0.17 to $ 4.86 to a single move. The tweet asked if the WIF could replicate an explosion of 2,700% rallies, which this time took the market cap from $ 800 million to $ 4.8 billion in 30 days.
The monthly chart shows that the WIF is now trading in an aggregation of the zone between $ 0.50 and $ 0.60 after a sharp decline from all times high. This same zone has acted as the launchpad for the previous rally, leading some entrepreneurs to think of a possible repeat. However, the price remains below the 7-month EMA, sitting at $ 1.02, suggesting that any breakout attempt can deal with resistance.
Traders track dogwifhat key levels in the middle of increasing volume
The combination of chart structure and that has updated social media Interest has put the wif price on focus. Handling above the range of $ 0.50 and rehesting $ 0.70 will be key in the short term. A prolonged transfer of the past $ 0.80 could encourage momentum entrepreneurs to re -reenter, which potentially target higher zones.
As market participants study historical price patterns and current formations, attention remains in whether the conditions that have been fueling the previous gains may reappear. As the volume and price go up, the WIF continues to be a token that is watched closely to the current market cycle.
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