Dogwifhat [WIF], the popular Solana-based memecoin, is testing the upper boundary of its 10-day range, with price action stalling just under the $1.18 resistance level. This barrier has historical significance—it marked a lower high during January’s strong downtrend and is now a key level in the current range between $0.93 and $1.21. As traders evaluate the next move, this zone becomes crucial for any short-term dogwifhat price prediction.
Price Stuck in a Tight Range
The price has hovered near the $1.18–$1.21 zone for several days. Despite Bitcoin reaching new all-time highs and many altcoins seeing strong rallies, WIF has not yet broken out. It remains inside a sideways range, with $1.07 acting as the mid-point.
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The On-Balance Volume (OBV) is slowly trending upward, suggesting some buyer interest, but hasn’t crossed previous highs.
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Trading volume has increased slightly over the last 24 hours but does not yet signal strong breakout momentum.
Liquidity Could Attract Price Higher
According to Coinglass, there is a cluster of liquidity between $1.2 and $1.26. This suggests price may soon move toward this zone, as liquidity often acts like a magnet. If WIF can break above $1.26 and flip this area into support, a larger rally could begin. The next resistance lies near $1.31—an area that previously caused a rejection in early May.
Also Read: Optimism Price Prediction 2025, 2026 – 2030
Derivatives Show Growing Interest
Open Interest and trading volume in the WIF derivatives market are rising, reflecting stronger investor participation. Recent liquidation data shows that $1.44 million in shorts were wiped out, compared to $996,000 in long positions. This imbalance could lead to more upside if short sellers continue to get squeezed.
Conclusion:
WIF is at a make-or-break level. A successful move past $1.26, with strong volume and a support retest, could be the start of a fresh uptrend. For experienced crypto investors, this setup is worth watching closely.
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